Visa

Visa (NYSE:V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.

Visa to Acquire Featurespace

Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. The acquisition of Featurespace will complement and strengthen Visa’s portfolio of fraud detection and risk-scoring solutions used by clients around the world to grow and protect their businesses. Since its inception out of Cambridge University’s engineering department, Featurespace has developed innovative algorithmic-based solutions to analyze transaction data and detect even the most elusive fraud cases. Antony Cahill, Global Head of Value-added Services at Visa, said: “Providing our clients with solutions that can adapt to and anticipate the changing threat landscape is of the utmost importance. Featurespace’s strong foundation in AI will enhance our existing product portfolio and enable us to address our clients’ most complex and pressing challenges. We look forward to welcoming the Featurespace team […]

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Visa and Mastercard Shares Draw Downgrades as BofA Analyst Breaks From the Pack

BofA sees a potentially more volatile regulatory landscape as well as limited valuation upside Shares of Visa Inc. and Mastercard Inc. mostly draw buy ratings from Wall Street analysts. But BofA Global Research’s Jason Kupferberg broke from the pack on Wednesday as he downgraded both payment-technology stocks to neutral. He noted an “arguably … more volatile and unpredictable” regulatory landscape in the wake of a judge’s “unexpected” decision to reject the companies’ landmark deal in a long-running merchant suit. “Historically, we (and the investment community in general, based on investors with whom we’ve spoken) have largely treated [Visa and Mastercard] regulatory developments as no more than modest headline risk,” he wrote. But Visa and Mastercard now must contend with dynamics such as revising or going to trial over the merchant agreement and fending off the proposed Credit Card Competition Act with this new, unpredictable backdrop. Additionally, regulatory developments could make

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Visa, Mastercard Could Face Elevated Regulatory Activity, BofA Says

Visa (V) and Mastercard (MA) could face elevated regulatory activity that could limit multiple expansion, BofA Securities said in a Wednesday note as it downgraded the credit-card companies to neutral from buy. “Historically, we have largely treated [Visa and Mastercard] regulatory developments as no more than modest headline risk,” the firm said. “However, as the recent unexpected rejection of the proposed merchant litigation settlement illustrates, the regulatory environment has arguably become more volatile and unpredictable.” BofA said that some of the regulatory items to monitor include next steps in merchant litigation, the proposed Credit Card Competition Act and the Fed’s final decision on lower regulated debit interchange rates. The firm added that the two companies remain relatively “crowded” longs for long-only and hedge-fund investors. BofA said it continues to have a favorable view on the companies’ “premier business model and competitive moat.” Shares of Visa were down 1.5% and shares

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Visa, Mastercard Extend Non-EU Swipe Fee Caps Until 2029

Visa (V) and Mastercard (MA) voluntarily agreed to extend maximum swipe fees on non-EU credit and debit card transactions in Europe until 2029, the European Union’s main antitrust regulator said Friday. Visa and Mastercard opted to continue to maintain a 0.2% fee cap on non-EU debit card payments and 0.3% on credit card payments within the 27-member states of the European Union, the European Commission said. For online or telephone transactions, the caps will remain at 1.15% for debit cards and 1.5% for credit cards, the European Commission

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Visa Inc. (V) Baird 2024 Global Consumer, Technology & Services Conference (Transcript)

Visa Inc. (NYSE:V) Baird 2024 Global Consumer, Technology & Services Conference June 5, 2024 9:40 AM ET Company Participants David Koning – Robert W. Baird Conference Call Participants Lisa Ellis – Global Head of Strategy David Koning Good morning, everyone. We’re live, and yes, welcome to our day here. So, thanks so much for joining. My name is David Koning. I’m a senior research analyst at Baird. I cover Payments and BPO. And very pleased to have Lisa with us, I think everybody’s very familiar with Lisa. We all swipe a lot, get a lot of rewards points. So, it’s been a great company for many, many years. Thrilled to have Lisa Ellis, their Global Head of Strategy with us. So, Lisa used to be a competitor of mine. She asked a ton of great strategic calls, or asked a ton of great strategic questions on the conference calls, so

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Visa Inc. (V) BofA Securities 2024 Global Technology Conference

Visa Inc. (NYSE:V) BofA Securities 2024 Global Technology Conference Call June 4, 2024 6:20 PM ET Company Participants Chris Suh – Chief Financial Officer Conference Call Participants Jason Kupferberg – Bank of America Jason Kupferberg I’m Jason Kupferberg, the payments, processors and IT services analyst here at Bank of America. And we’re super excited to have Chris Suh here from Visa, CFO. He’s been here almost a year. It’s your first time at the conference. Thank you for doing it. I hope you come back next year. Question-and-Answer Session Q – Jason Kupferberg We’re going to jump right in and talk about a variety of issues and questions at Visa. And of course, I have to kind of start big picture, current trends in the business, what are you seeing? It’s been an interesting year, right, because the year-over-year compares have been all over the place. You had bad weather

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Visa (V) Q2 2024 Earnings Conference

The following is a summary of the Visa Inc. (V) Q2 2024 Earnings Call Transcript: Financial Performance: Visa reported a strong Q2 with net revenue of $8.8 billion, indicating a 10% increase. Both GAAP and non-GAAP EPS recorded growth of 12% and 20% respectively. Payments volume showed an increase of 8% YoY in constant dollars, with U.S payments and international payments growing by 6% and 11%. Cross-border volume growth was recorded as 16% YoY excluding Intra-Europe transactions. The company adjusted its outlook for payment volume growth to high single digits from low double digits. Visa anticipates a continued robust growth in mid-teens for total cross-border volume excluding Intra-Europe. Q3 projections include low double-digit net revenue growth similar to Q2 and low teen growth for adjusted operating expenses. Business Progress: Visa expanded, adding over 100 million credentials YoY, and 20 million of those in Europe were converted from domestic networks to

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CFRA Reiterates Buy Opinion On Shares Of Visa Inc.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price of $345, up $20, values shares at 29.8x our FY 25 (Sep.) EPS, discounted to V’s 5-year historical average of 31.9x, given the higher rate environment and moderately slower growth expectations. We increase our FY 24 EPS estimate to $10.17 from $10.13 and FY 25’s to $11.56 from $11.49. Visa reported Mar-Q results, with net revenues of $8.78B (+10% Y/Y) and adj-EPS of $2.51, surpassing consensus estimates of $8.62B and adj-EPS of $2.43. As we expected, payment volume (+8% Y/Y) picked up from January’s bad weather scare, with international growth (+11%) once again outpacing the U.S. (+6%). Looking forward, we continue to see opportunity for international outperformance as Asia Pacific (+3% in the quarter) turns from a relative headwind to a tailwind. Cross-border

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Visa 2Q Revenue Climbs as Payments Volume Grows

Visa said revenue climbed in the second quarter amid an increase in payments volume and stable consumer spending levels. The credit-card company on Tuesday posted a net profit of $4.66 billion, or $2.29 a share, in the three months ended March 31, with $4.26 billion, or $2.03 a share, for the same period a year earlier. Stripping out one-time items, earnings per share came in at $2.51. Analysts surveyed by FactSet had forecast adjusted earnings per share of $2.44. Revenue increased 9.9% to $8.78 billion, beating analysts’ expectations of $8.62 billion according to FactSet. Visa said payments volume rose 8% and its processed transactions climbed 11% in the period.

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Visa Fiscal Q2 Non-GAAP EPS, Net Revenue Increase; Declares Dividend

Visa (V) reported fiscal Q2 non-GAAP earnings late Tuesday of $2.51 per diluted share, up from $2.09 a year earlier. Analysts polled by Capital IQ expected $2.43. Net revenue for the quarter ended March 31 was $8.78 billion, up from $7.99 billion a year earlier. Analysts surveyed by Capital IQ expected $8.62 billion. The company’s board declared a quarterly dividend of $0.52, payable on June 3 to holders of record on May 17. Visa shares rose nearly 3% in after-hours trading.

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