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It's levied on every transaction in the economy, from goods to services.
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In financial services, said Knuff, Equinix provides transaction information and support of trading strategies.
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In exchange for these services, MasterCards charges its customers a transaction processing fee.
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Charles Schwab became a growth stock in this setting, offering a menu of funds and stock transaction services over the wires, untouched by human hands.
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In a transaction, MasterCard charges issuers and acquirers a fee for the network and the services it provides for a transaction to go through.
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The firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services and retail and middle market financial services.
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"The Kenexa acquisition will complement IBM's social business and HR business services leadership, " IBM said, adding that it expects the transaction to close in the fourth quarter.
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In a typical card transaction, MasterCard charges issuers and acquirers a fee for the network and the services it provides for the transaction to go through.
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