Tag: Visa

December 1, 2021

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 […]

November 17, 2021

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 […]

June 7, 2021

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 […]

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, […]

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 […]

April 15, 2020

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 […]

March 3, 2020

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 […]

April 17, 2019

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 […]

September 18, 2018

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 […]

September 1, 2017

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 […]

February 3, 2017

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 […]

October 25, 2016

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 […]

July 28, 2016

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. […]

July 22, 2016

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, […]

June 28, 2016

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 […]

June 17, 2016

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. […]

May 25, 2016

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 […]

May 3, 2016

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 […]

April 22, 2016

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 […]

April 21, 2016

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 […]