Latest Articles
-
Feeling Comfortable with IPOs Again
Submitted by Investing Daily using the contributor tool The poor performance of a handful of high-profile technology initial public offerings (IPO) in the late 1990s sullied the reputation of newly listed companies for many investors. However,...
-
Visa and MasterCard Report Higher Payments Volume in Feb
Visa (NYSE:V) and MasterCard (NYSE:MA), the two largest credit card processors in the world, have reported continued growth in their payments volume in February 2012. Visa’s total payments volume in the U.S. rose 10% in February 2012 from t...
-
Banks and Wireless Carriers Get Serious About Mobile Payments
Isis is a joint venture of the top three mobile service providers in the U.S., AT&T (NYSE:T), Verizon (NYSE:VZ), and T-Mobile. Announced in November 2010, it aims to build a mobile payment network that utilizes mobile phones to make point-of-...
-
Visa Partners With Vodafone To Offer Mobile Payment Service
Visa (NYSE:V) has partnered with Vodafone to offer consumers the ability to pay for goods and services using their mobile phones instead of cash and cards. The two companies will work together to develop a Vodafone-branded proposition offered to ...
-
The 3 Most Important Trends in the Credit Card Industry
The past year was quite eventful for the credit card industry. The Dodd-Frank financial reforms bill shook the industry with a cap on debit card interchange fee while the decline in credit card default rates and delinquencies provided some comfor...
-
Visa Updates: Sets Aside More Funds for Price Fixing Settlement
In a recent announcement, Visa (NYSE:V) said that it has decided to deposit $1.565 billion into the litigation escrow account to cover potential costs from pending merchant lawsuits. The deposit is Visa’s largest to date and adds to about $...
-
Visa Survey: Spending Surge Expected in Next Few Days
A recent survey by Visa (NYSE:V) suggested that about 77% of the consumers had not finished their holiday shopping and still need to buy gifts before Christmas. These last minute shoppers are expected to spend an average of $278 in the final days...
-
Visa and Mastercard Challenged on Several Fronts
Visa (NYSE:V) has recently unveiled its new digital wallet service, branded V.me . Similar to PayPal, the new service was aimed to make mobile and online payments easier and more convenient. The service aims to compete with Google Wallet, release...
-
Visa Stock More Appealing as Credit Card Usage Soars
Credit card companies like Visa (NYSE:V) have recently been benefiting from soaring credit card usage, reports CNN Money. These enterprises stand to profit from rising consumer willingness to pay for goods and services on credit as opposed to deb...
-
Visa Sees a Big Future in Africa
Visa Inc (NYSE:V) and the Government of Rwanda recently announced an agreement to develop solutions that will facilitate access to financial services for customers around the country. Visa aims to generate 50% of its revenues from markets outside...
-
Visa is Tapping Huge Growth in Mobile Banking Volumes in Africa
Earlier this year, Visa (NYSE:V) acquired Fundamo, a leading provider of mobile services for financial institutions and mobile network providers in developing countries mostly in Africa and the Middle East (See Visa Furthers Mobile Banking Push ...
-
Visa and MasterCard Battle Price-Fixing Litigations
Visa (NYSE:V) and MasterCard (NYSE:MA) were accused of price fixing by a trade group representing operators of automated teller machines. Visa and MasterCard require ATM operators to levy a service fee for any transaction at an ATM that is no les...
-
Growth in Card Usage Globally Lifting Visa’s Outlook
Visa Inc. (NYSE:V) posted revenue of $2.38 billion in fiscal Q4 2011, up 13% from last year’s fourth quarter. Net income also increased by 14% to $880 million driven by growth in payments volume which grew by 13% to $970 billion in the four...
-
Visa Fiscal Q4 Preview: What We’re Watching
Visa Inc (NYSE:V) is scheduled to announce its is fiscal fourth quarter financial results on October 26, 2011. In the previous quarter, Visa reported a 14% increase in operating revenues driven by growth in payments volume and strong cross border...
-
Visa and MasterCard ATM Practices Come Under Scrutiny in Lawsuit
A trade group representing operators of ATMs has filed a lawsuit against Visa (NYSE:V) and MasterCard (NYSE:MA), accusing them of fixing prices and suppressing competition among ATM networks. The lawsuit was filed in federal court in Washington a...
