I hope you are well, and thank you for your service and that of Eoin's. Still, without exception, the best there is.

I just discovered this morning that Worldpay is now a FTSE100 company.  Not bad after IPOing only recently.

Can you add to the library please?

As well, I would appreciate any thoughts or overview you can provide to this global payments environment. With PayPal now released from eBay, we can presumably expect it to be a competitor. But I am unclear who the significant future plays might be, apart from Credit Card companies.

Eoin Treacy's view

David is away today but thank you for your comments. Worldpay Group will be added to the FTSE-100 on December 21st but I have added it to the relevant Chart Library section in advance of that. 

One of the primary arguments for Payment Processors is the threat represented by cyberattacks. Just last week the media was buzzing about how Black Friday sales were lacklustre while Cyber Monday continues to grow in importance. Amazon is obviously a major beneficiary but online retailers generally are doing better than physical locations not least because they have lower costs on average. From a consumers’ perspective, entering one’s credit card details into a site is a risk and the more times we do that the greater the potential your data will be stolen. 

Payment processors such as PayPal and Worldpay offer an alternative to that scenario. They take care of the security of your information so that you can feel free to shop in whatever online location you wish. Credit card companies offer insurance for online purchases but the hassle of changing cards when the details are inevitably stolen represents a major benefit for payment processers. 

WorldPay with an Estimated P/E of almost 40 is trading on a growth multiple but has held a progression of higher reaction lows since inception. 

PayPal (Est P/E 27.56), which also offers a credit facility, found at least near-term support today in the region of the trend mean  and a sustained move below $34 would be required to question potential for additional higher to lateral ranging.