Visa Stock Price, News & Analysis

Visa Inc. (NYSE: V) has launched the Visa Economic Empowerment Institute (VEEI), aimed at enhancing economic empowerment globally through research and dialogue on payments policy. VEEI will focus on three key areas: Digital Equity and Inclusion, Growth through Trade, and Open Future for Payments. Led by Dr. Barbara Kotschwar, the institute aims to address systemic inequities and foster connections between public and private sectors. It also released foundational papers highlighting challenges in digital connectivity, trade agreements, and cybersecurity in payment innovations.

Visa Inc. (NYSE: V) will participate in two upcoming virtual investor conferences. On December 1, Group President Oliver Jenkyn will present at the Wells Fargo Securities TMT Summit at 12:00 p.m. ET, lasting approximately 30 minutes. The next day, Vice Chairman Vasant Prabhu will speak at the Credit Suisse 24th Annual Technology Conference, starting at 11:30 a.m. ET for about 40 minutes. Audiovisual replays will be available on their Investor Relations website for 30 days after the events.

Visa (NYSE: V) has expanded its fintech Fast Track program to support digital money management, introducing a Partner Toolkit and Visa Ready certification for Fintech Enablers. The toolkit aids fintechs in accelerating growth with resources like online licensing and marketing strategies. The Visa Ready program connects fintechs with certified partners for payment solutions. Fast Track participation has surged 360% year-over-year, with hundreds of fintechs joining. Collaborations with companies like PayPal and digital wallets enhance Visa's mission of advancing financial inclusion and transforming payment experiences globally.

Visa Inc. (NYSE:V) has responded strongly to the Department of Justice's (DOJ) attempt to block its acquisition of Plaid, asserting that the DOJ's actions are legally flawed. Visa emphasizes that Plaid is not a competitor in the payments space but a data network that enhances consumer financial management. The merger aims to provide consumers with improved digital experiences and greater access to financial-related services. Visa remains confident that the acquisition is beneficial for both consumers and competition within the industry.

Visa Inc. (NYSE: V) announced its participation in the Citi Financial Technology Virtual Conference on November 17. Vasant Prabhu, Vice Chairman and CFO, will present at 12:00 p.m. Eastern Time, lasting approximately 35 minutes. A listen-only audio webcast will be available for 30 days on the Investor Relations website. Visa is the global leader in digital payments, operating VisaNet, capable of processing over 65,000 transactions per second, and focuses on innovation to enhance digital commerce worldwide.

Visa Inc. (NYSE: V) announced its fiscal fourth quarter and full-year 2020 financial results, which will be detailed in an upcoming earnings release available on its Investor Relations website. The company will host a live audio webcast at 2:00 p.m. PT to discuss these results. Visa continues to lead in digital payments, showcasing its innovative payment network, VisaNet, capable of processing over 65,000 transactions per second. This focus on innovation is vital for the growth of digital commerce globally.

Visa Inc. (NYSE: V) has announced a definitive agreement to acquire YellowPepper, a fintech company specializing in digital financial solutions in Latin America and the Caribbean. This acquisition aims to enhance Visa's 'network of networks' strategy, improving time-to-market and reducing costs for financial institutions. YellowPepper's technology will facilitate integration with Visa's payment platforms, expanding digital product offerings and services. The transaction is expected to close within weeks, pending regulatory approvals.

Visa has launched its Tap to Phone payment solution in over 15 markets, adapting mobile devices into contactless payment terminals. This tool aims to support 50 million small businesses globally, enhancing digital payment acceptance. The pilot program reported a 200% increase in users. With potential access from two billion Android devices, the technology is critical as contactless payments soar, growing 40% year-over-year. Future expansion is planned in major markets including Brazil, Italy, and the UK.

Visa Inc. (NYSE: V) will release its fiscal fourth quarter and full-year 2020 financial results on October 28, 2020. The results will be available after market close on the Visa Investor Relations website. Following this, Visa's executive management team will host a live audio webcast at 2:00 p.m. Pacific Time to discuss the results and key business highlights. The company is currently in a quiet period until the earnings release date, during which executives will not interact with the investment community.