Visa Stock Price, News & Analysis

Visa Inc. (NYSE: V) appointed Kermit R. Crawford to its board of directors on October 7, 2022. Crawford, a seasoned executive with 30 years of leadership experience, previously served as president and COO of Rite Aid and held key positions at Walgreens Boots Alliance. His expertise in consumer insights, business strategy, and financial management will be valuable to Visa. With this addition, Visa's board now consists of 12 members. The company continues to lead in digital payments globally, facilitating transactions across over 200 countries.

Visa Inc. (NYSE: V) is set to release its fiscal fourth quarter and full-year 2022 financial results on October 25, 2022, after market close. The company will provide a comprehensive overview of its financial performance and key business metrics on its Investor Relations website. Following the results announcement, an audio webcast will occur at 2:00 p.m. Pacific Time. Visa is currently in a "quiet period" until the earnings report is publicly disclosed, which typically limits executive interactions with investors.

FTX has partnered with Visa to launch FTX account-linked Visa debit cards in over 40 countries, beginning with Latin America, and extending to Europe and Asia. This initiative aims to provide FTX users with the ability to use their crypto balances for purchases globally. The cards, already available in the U.S., enable seamless spending at 80 million merchant locations without administrative fees. FTX CEO Sam Bankman-Fried expressed enthusiasm for enhancing user access to crypto for daily transactions.

Visa Inc. (NYSE: V) has reported an increase in both online and offline fraud as consumer activities return to pre-pandemic levels. According to their Biannual Threats Report, physical skimming devices surged by 176% from June to November 2021. The report highlights that 74% of fraud cases involved e-commerce merchants, with cybercriminals employing tactics like social engineering and ransomware attacks. Visa continues to combat these threats, having invested over $9 billion in network security and utilizing AI to block over $4.2 billion in fraudulent transactions in the past year.

Uber (NYSE: UBER) and Visa (NYSE: V) announced the Grants for Growth program, providing $1 million in funding to support small businesses in 10 U.S. cities through the Local Initiatives Support Corporation (LISC). 100 merchants received $10,000 each to address immediate operational needs. Notably, 92% of recipients were entrepreneurs of color and 69% were female-owned. The initiative aims to assist restaurants as they recover from pandemic challenges, focusing on minority, veteran, and women business owners.

Visa (NYSE: V) has launched a new global version of the Financial Soccer game, blending entertainment and financial education. Designed to engage players through FIFA World Cup excitement, the game enables participants to enhance their financial literacy by answering money management questions. With features like multiple team selections, personal finance modes, and mobile accessibility, Visa aims to make financial education entertaining. The initiative, available in over 100 markets, underscores Visa's commitment to improving financial literacy, especially among underserved populations.

On September 21, 2022, GM Sectec and Visa announced an enhanced partnership aimed at improving cybersecurity and fraud prevention in Latin America and the Caribbean. The collaboration focuses on providing payment management services bolstered by GM Sectec's cybersecurity expertise. With a surge in digital payments, 73% of small businesses view adopting new payment methods as crucial for growth. The partnership includes ongoing education initiatives like PaySec Talks to raise awareness about cybersecurity strategies and best practices.

Visa Inc. (NYSE: V) announced its participation in the Deutsche Bank Technology Conference on August 31. Vice Chair and CFO Vasant Prabhu will present virtually at 8:15 a.m. PT, lasting for about 35 minutes. A listen-only audio webcast of the presentation will be available for 30 days on the Investor Relations website.

Visa is a leader in digital payments, connecting consumers, merchants, and institutions across 200+ countries to facilitate secure transactions.

Visa has achieved a significant milestone by issuing over 4 billion tokens globally through its Visa Token Service (VTS). This figure nearly doubles the number of tokens issued in the past year and surpasses the number of physical Visa cards. The company highlights the advanced security tokens provide to consumers and merchants, with a reported 28% reduction in fraud rates and a 3% increase in approval rates. Visa aims to lead digital transaction security through innovations like the Cloud Token Framework, enhancing protection and trust in digital commerce.