3 Payment Processing Stocks to Buy Now

Investors could do far worse than the payments industry over the last year. Some of the biggest names in credit cards are represented, and the three largest, Visa, Mastercard, and American Express, have at least doubled the performance of the broader market over the last 12 months.

There's nothing wrong with going with the biggest players. The thing is, failing to look outside the big three could be a costly error for investors looking to rack up significant gains. Innovation is the name of the game, and companies determined to bring payments into the modern age have much to offer. Here's a look at three such innovators: PayPal Holdings, Inc. (NASDAQ: PYPL), Square, Inc. (NYSE: SQ), and MercadoLibre, Inc. (NASDAQ: MELI).

Investors should cash in on these new payment systems. Image source: Getty Images.

Source: Fool.com