Tag: Visa

Finance Tech, Mobile Banking & Payments

Visa CEO: COVID caused permanent shift to digital payments

December 1, 2021

Via: ABC News

Al Kelly believes there has been a permanent shift in how consumers worldwide pay for goods and services. His 91-year-old parents are a prime example. The CEO of payments processing giant Visa recently visited his mother just after she’d finished […]

Industries, News, Retail & Wholesale

Amazon will soon stop accepting UK Visa credit cards

November 17, 2021

Via: TechRadar

UK shoppers will soon no longer be able to use their Visa-issued credit cards to pay for purchases on Amazon. The ecommerce giant has said it will stop accepting Visa credit cards within the next few months as it looks […]

Financial Services, Industries

Visa Inks Deal With Goldman for Global Corporate Payments

June 7, 2021

Via: TheStreet

Visa shares rose Monday as the credit-card giant announced a deal with Goldman Sachs GS that will allow the banking titan’s corporate customers to use Visa to make global payments. “Through its implementation of Visa B2B Connect and Visa Direct […]

Financial Services, Industries

Visa shares fall after report says DOJ is probing possible anticompetitive debit card practices

March 19, 2021


Visa shares dropped sharply in midday trading Friday after a report said the Justice Department has opened an investigation into its debit card business and possible anticompetitive practices. The department’s antitrust division has started to collect information on whether Visa, […]

Finance Tech, Mobile Banking & Payments

Visa Commercial Pay Launches For Virtual Cards, Digitized B2B Payments

November 23, 2020


Visa and Conferma Pay said Monday (Nov. 23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards […]

Financial Services, Industries

Mastercard and Visa Shares Cut to Hold as Jefferies Cites Fallout From Virus

April 15, 2020

Via: TheStreet

Visa (V) and Mastercard (MA) took a hit Wednesday after a top analyst turned bearish on the credit card giants amid the economic fallout from the coronavirus crisis. Shares of Visa and Mastercard fell after Jefferies analyst Trevor Williams reduced […]

Financial Services, Industries

Mastercard, Visa, PayPal Estimates Cut at J.P. Morgan Due to Coronavirus Fallout

March 3, 2020

Via: TheStreet

J.P. Morgan cut estimates for Mastercard (MA) – Get Report, PayPal (PYPL) – Get Report and Visa (V) – Get Report after the financial-sector majors cut their own estimates in response to the coronavirus outbreak. Coronavirus concern has hurt cross-border […]

Capital, Finance Tech

Amazon, Visa and Caterpillar Report Earnings Next Week – Here’s What to Expect

April 17, 2019

Via: TheStreet

Spring earnings season is in full swing, and investors are getting a clearer look at their favorite stock’s true market position. So far, we’ve seen Goldman Sachs (GS – Get Report) shares take a beating after missing revenue expectations by […]

Financial Services, Industries, News

Visa and Mastercard Will Pay $6 Billion to End a Massive Price-Fixing Lawsuit

September 18, 2018

Via: Fortune

Visa and Mastercard agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an antitrust case. The two card companies will pay between $5.54 […]

Education, Financial Services, Industries

Visa, MasterCard, Discover Offer Secured Credit Cards, a Tool for College Kids

September 1, 2017

Via: TheStreet

Far too many college students shy away from credit cards. In fact, only 33% of people between 18 and 29 even have one. Yet, not having a credit card has serious implications for your financial future. For one, without a […]

Financial Services, Industries

Visa’s Shares Fly After Beating Wall Street’s Quarterly Estimates

February 3, 2017

Via: TheStreet

Visa  (V)  posted higher quarterly profit than analysts estimated amid increased card spending and gains from its newly purchased European division. The San Francisco-based company’s adjusted earnings of 86 cents a share for the three months through December, its fiscal first […]

Finance Tech, Mobile Banking & Payments

Visa Tops Estimates as European Deal Buoys Customer Card Spending

October 25, 2016

Via: TheStreet

Visa (V)  posted higher quarterly profit than analysts estimated amid growth in card spending, partly due to accounts added with the acquisition of its former European division. The San Francisco-based company’s adjusted earnings of 78 cents a share for the three […]

Financial Services, Industries

MasterCard or Visa: Which Payment Giant’s Stock Is the Best Buy?

July 28, 2016

Via: TheStreet

There is no doubting their stature: MasterCard (MA) and Visa (V) are the biggest payment processors globally. With both making a small percentage of every transaction that runs through their massive networks, they operate with minimal credit risk, unlike banks. […]

Financial Services, Industries

Visa Beats Estimates as Consumer Spending Grows, PayPal Feud Ends

July 22, 2016

Via: TheStreet

Pending litigation, Brexit concerns, and the strong dollar didn’t stop Visa (V) from beating Wall Street’s quarterly profit estimates, or from introducing a $5 billion stock-buyback plan. Visa’s adjusted earnings of 69 cents a share for the three months through June, […]

Finance Tech, Mobile Banking & Payments

From AmEx to Visa, Credit Card Business Gets Pummeled by Brexit

June 28, 2016

Via: TheStreet

Using plastic to make payments abroad will likely become more complicated after the United Kingdom’s decision to leave the European Union, a prospect that hurts U.S. companies issuing credit cards and processing payments. The details of Great Britain’s departure, including what trade agreements […]

Industries, Retail & Wholesale

Costco Will Save Millions With Visa Card Switch, Analysts Say

June 17, 2016

Via: TheStreet

Costco Wholesale (COST) will switch to Visa (V) credit cards in four days, marking the end of its 17-year alliance with American Express (AXP) . This means American Express cards will no longer be accepted at Costco as of Monday. […]

Financial Services, Industries

Is PayPal Becoming Visa’s Best Frenemy?

May 25, 2016

Via: TheStreet

Friend or foe? To Visa (V) CEO Charles Scharf, electronic payments firm PayPal (PYPL)  is an enemy. In this growing digital marketplace, estimated to be at $8 trillion by 2020, the two companies compete for consumers who are buying products on mobile, tablets, or […]

Finance Tech, Mobile Banking & Payments

Visa Fights MasterCard for Edge in Trillion-Dollar Digital Payments Market

May 3, 2016

Via: TheStreet

For Mastercard  CEO Ajay Banga, succeeding in the trillion-dollar digital-payments market is a marathon, not a sprint. It seems clear that the technology, which replaces plastic cards with account data that customers can relay from their smartphones to a merchant with the […]

Financial Services, Industries

Visa Boosts Upfront Cash Payment in Europe Deal to $13.8 Billion

April 22, 2016

Via: TheStreet

Visa fell close to 5% as the credit-card processor boosted the up-front cash payment for former subsidiary Visa Europe and cut its revenue forecast due to concerns about a weaker global economy and falling oil prices. The Foster City, Calif.-based […]

Finance Tech, Mobile Banking & Payments

Visa Is Fixing Those Chip Credit Cards Everybody Hates

April 21, 2016

Via: Time

If you are tired of how much longer check-out at a store is taking since the rollout of new chip-enable credit and debit cards, relief may be on the way. Visa said on Tuesday it hadupgraded its software to improve […]