BHI 3.0·Q1 2026 Bulletin
Last computed 14:32 UTC, Apr 29 2026·Spearman ρ = 0.83·Validation: preliminary
Today's bulletin →
Movers · since 14:32 UTC, Apr 29 2026
PLATFORM PROFILEMA

Mastercard

$462B3.3B+ cardsFintech & Payments
8.14
B-index (V3.1)
BLACK HOLE
Capture2.001
Escape0.246
Key Structural Insight

Visa+Mastercard duopoly: B>5 each. Existence of the other prevents abuse but not exit. Visa leads on network scale and institutional defaults.

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth7/10
Memory7/10
Action8/10
Process9/10
Network9/10
Closeness9/10
Portability2/10
Substitutability2/10
Human Fallback2/10
Org Depth8/10
Momentum5/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.7728CES(d, m, a, p)
Knowledge synergy σₖ0.7000√(d · m)
Operability synergy σₒ0.8485√(a · p)
Synergy boost1.23231 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.40001 + 0.5·o
Momentum multiplier1.15001 + 0.3·t
Total Capture2.0009c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.2000CES(x, s, h)
Feedback attenuation0.7295max(0.3, 1 − 0.35·core)
Total Escape0.2459ε + escCore · feedback
B = Capture / Escape8.142.001 / 0.246

Scoring Rationale

Near-identical structure to Visa but smaller network (3.3B vs 4B+ cards). Weaker data analytics products and less often the default issuer choice for banks.

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE9
+1.81
PORT2
-1.69
SUB2
-1.69
FALL2
-1.69
DATA7
+0.78
MEM7
+0.78
ACT8
+0.74
PROC9
+0.69
ORG8
+0.58
NET9
+0.56
MOM5
+0.42
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsFintech & Payments (7 peers)

#PlatformTickerB-indexZone
01VisaV8.82BLACK HOLEProfile →
02NubankNU5.21BLACK HOLEProfile →
03StripePrivate3.67BLACK HOLEProfile →
04RevolutPrivate2.87BLACK HOLEProfile →
05Block (Square)XYZ2.81BLACK HOLEProfile →
06RobinhoodHOOD1.16TRANSITIONProfile →
07PayPalPYPL1.14TRANSITIONProfile →