Visa Inc. - V STOCK NEWS

OpenTable and Visa have announced a collaboration called the Visa Dining Collection, offering eligible Visa cardholders exclusive access to prime restaurant reservations and events across North America. The program launches in Los Angeles and Chicago, with plans to expand to over 500 restaurants in 34 cities by 2025.

Initially available to Visa Infinite® and Visa Infinite Privilege® cardholders, the collection includes a range of restaurants from MICHELIN-starred venues to local favorites. The initiative aims to reward diners while supporting restaurants by bringing in new customers. Cardholders can also access exclusive culinary events featuring noteworthy chefs.

Participating restaurants include acclaimed establishments like Rose Mary and Virtue in Chicago, Bestia and Kato in Los Angeles, with more high-profile venues joining soon in cities like Miami, New York, San Francisco, and Washington, D.C.

Visa (NYSE: V), the Worldwide Payment Technology Partner of the Olympic and Paralympic Games, has announced its final roster of 147 Team Visa athletes for the Paris 2024 Games. This diverse team includes athletes from 67 countries across 40 sports, with notable names such as Simone Biles and Noah Lyles. The roster also features 46 Paralympic athletes, making it Visa's largest Paralympic team to date.

Visa is enhancing the Olympic experience for both attendees and remote fans through various initiatives. They have introduced the Visa Go mobile app, offering unique experiences, exclusive content, and special deals for Visa cardholders. Additionally, Visa has commissioned six global artists to create street art displayed throughout Paris, highlighting local businesses.

Visa's commitment to seamless payment solutions includes implementing contactless payment acceptance at 3,500 points of sale across Olympic and Paralympic venues. As part of their long-standing partnership with the Games, Visa is the exclusive card payment method at these events. Fans can also participate in Visa's immersive experience on Roblox's Olympic World and various community engagement initiatives in Paris.

Visa (NYSE: V) and HSBC announced a collaboration to support the new HSBC international payments app, Zing. Leveraging Visa technology, Zing allows users to hold funds in over 10 currencies, send money in over 30 currencies, and transact in more than 200 countries. The app launched in the UK in January 2024 and will expand to additional markets. Zing incorporates Currencycloud and Tink technology, enabling quick bank transfers, real-time exchange rates, and P2P payments, all linked to a Visa card.

This collaboration aims to provide a secure, low-cost, and transparent financial service, revolutionizing international transactions for consumers.

Visa (NYSE: V) will announce its fiscal third quarter 2024 financial results on July 23, 2024, after market close. The results will be filed with the SEC and posted on Visa's Investor Relations website. A live audio webcast will be hosted by Visa's executive management team at 2:00 p.m. PT (5:00 p.m. ET) to discuss the financial results and business highlights. The webcast will be available for replay for 30 days. Currently, Visa is in a 'quiet period' and will not interact with the investment community until the earnings are released. Visa is a global leader in digital payments, facilitating transactions across more than 200 countries and territories.

Visa has partnered with Amazon to offer installment payment options to Canadian customers. This new feature is available to eligible Royal Bank of Canada (RBC) and Scotiabank credit cardholders. They can now choose to pay for Amazon purchases in smaller, fixed payments over time. According to Visa research, 58% of Canadians are interested in using installment payments, and it is projected that by 2026, installments will account for nearly one-quarter of global e-commerce transactions. Visa aims to meet the growing demand for flexible payment options, providing a better end-to-end payment experience for Canadian consumers.

Visa (NYSE: V) has announced a new service, Digital Emergency Card Replacement, aimed at improving travel experiences by offering digital card replacements via text or email. This service allows cardholders to quickly authenticate and add the new card to their digital wallet, ensuring instant and secure access to funds. The initiative addresses common travel inconveniences and aims to boost customer satisfaction for card issuers. Visa also provides tips for travelers, such as pre-loading Visa cards into digital wallets and activating transaction alerts. The new service is part of Visa's Global Customer Assistance Services, which supports card issuers with rapid card production and delivery across five continents, managing over three million multilingual interactions annually.

Visa (NYSE: V) has relaunched its Visa SavingsEdge program to provide greater value to small businesses in the U.S. and Canada. The enhanced platform introduces new features and offers, including a refreshed website, real-time cashback notifications, and a cash-back tracker. According to Visa, 77% of surveyed U.S. SMBs project revenue growth for 2024. Visa SavingsEdge now includes Instant Coupons and Cashback Offers across various categories such as travel, restaurants, and electronics. Cardholders must re-link their eligible Visa Business cards to access these features.

Visa has launched a new brand film, “Prodigies,” featuring renowned figures such as Pharrell Williams, Sky Brown, Iga Świątek, and Daniel Ricciardo. The campaign emphasizes the hard work and persistence required to achieve success, dispelling the myth of overnight success. This film is part of Visa’s broader message that small, consistent steps lead to greatness. The campaign will air globally, starting in North America on June 15th and extending to CEMEA regions in July, coinciding with the Olympic and Paralympic Games.

Visa's third annual 'Money Travels: 2024 Digital Remittances Adoption' report underscores the increasing importance of digital remittances, especially for humanitarian support. Surveying nearly 45,000 remittance senders and receivers across 20 countries, the report highlights the preference for digital apps in money transfers, with 43% facing no issues versus higher issues in physical remittances. Despite a year-over-year decline in global remittances due to economic challenges, the outlook remains positive. The study reveals varying motivations for sending remittances, with significant findings on hidden fees in physical payments and country-specific trends in remittance flow.