$V and $MA flat/-ve YTD is interesting esp rel to pypmt comps. Why? They make the rules for B2C. Also, NFC going nuts, e-comm ramp (mkt share 3X vs offline; Cash Inc. doesn't play there) &amp; closed loop networks opening up, which per V, increases card credential TAM by 2bn. https://t.co/xyYBdGETWG