CPAY 10-KFeb 27 '26
“Third-party networks are operated by independent parties, such as MasterCard and VISA, and tend to be more broadly accepted, which is the primary benefit compared with our proprietary networks, although merchant economics tend to be inferior.”
WEX 10-KFeb 13 '26
“Under certain agreements we receive cash and other incentives in some of our business areas from scheme networks, including Mastercard and Visa.”