Investors continue to make money betting on network brand stocks as a result of the 'orderly' transition of legacy payments to the digital future. Yet there are plenty of examples where innovation is gaining traction--outside of the control of Visa and MasterCard. So far. Investors need to understand where and when control of payments business begins to material unravel, and where to shift their bets. This presentation provides some important insights into the struggle for the future of payments.