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MasterCard-Powered Banks?

There has been some speculation MasterCard might expand into information technology services - taking it farther away from its financial services roots. MasterCard IPO Strategy Seen Priceless in Bailing Credit-Card Brand Out of Legal Trouble (AP) My bet is that they start offering full-service bank operations outsourcing. With their warchest from the IPO, they could buy one or more of the m

There has been some speculation MasterCard might expand into information technology services - taking it farther away from its financial services roots.
MasterCard IPO Strategy Seen Priceless in Bailing Credit-Card Brand Out of Legal Trouble (AP)

My bet is that they start offering full-service bank operations outsourcing. With their warchest from the IPO, they could buy one or more of the major core systems vendors and lock up some real business.

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