VISA Inc. - V STOCK NEWS

Visa reported significant success in fraud prevention during the 2023 holiday shopping season, blocking 85% more suspected fraud globally on Cyber Monday compared to last year. The company noted a 200% increase in suspected fraudulent transactions throughout the holiday weekend, attributed partly to fraudsters' adoption of AI.

Having invested $11 billion in anti-fraud technology over the past five years, Visa's AI and machine learning capabilities, including the Visa Account Attack Intelligence Score, are actively combating fraud attempts. The company blocked $40 billion of suspected fraudulent transactions last year and continues to enhance its security measures to protect shoppers during both physical and digital transactions.

Visa announced that starting April 2025, funds transferred to U.S. bank accounts via Visa Direct will be available within 1 minute or less. The service reaches 99% of bank accounts in the US and over 11 billion endpoints globally, including cards, accounts, and digital wallets.

The enhancement applies to various use cases including bill splitting, inter-account transfers, insurance payouts, and earned wage access. Visa Direct currently processes billions of real-time transactions across 50+ use cases in the US. The upgrade aims to improve operational efficiency for businesses and governments while maintaining strong security standards.

Loop, in collaboration with EQ Bank, has launched the Loop Global Visa Card, Canada's first multi-currency credit card for small and medium-sized enterprises (SMEs). This card supports cross-border purchasing by allowing businesses to manage and settle transactions in CAD, USD, EUR, and GBP, optimizing foreign exchange rates and minimizing costs.

The card offers features like:

• Multi-currency settlement
• Optimized conversion with Loop’s FX rates
• Custom spend controls
• Employee misuse protection up to $25,000 per cardholder
• Global acceptance
• No annual fees
• Configurable expense management
• Integration with Loop's financial platform

This launch aims to simplify international trade for Canadian businesses, enabling them to manage global operations more efficiently.

Visa Direct, Zelis, and Dash Solutions have announced a strategic partnership to transform healthcare disbursements. The collaboration integrates Dash's Digital platform, Visa Direct's global payment network, and Zelis Advanced Payments Platform (ZAPP) to expedite and simplify healthcare payments for consumers. The partnership aims to revolutionize payment delivery speed, enabling members to receive funds within minutes after approval, offer flexible payment methods, deliver a seamless branded experience, and enhance security through advanced fraud protection measures. The integration provides payers with streamlined payment operations and improved member experience while offering recipients multiple payment options including real-time deposits, ACH, and PayPal.

Visa (NYSE: V) has announced its participation in the UBS Global Technology and AI Conference. Chris Suh, Chief Financial Officer, will present at the event on Tuesday, December 3, starting at 8:55 a.m. Mountain Time for approximately 30 minutes. A listen-only audio webcast will be available on Visa's Investor Relations website at investor.visa.com, with replay access for 30 days after the event.

Visa operates as a global leader in digital payments, facilitating transactions across more than 200 countries and territories between consumers, merchants, financial institutions, and government entities.

Visa announced major initiatives for digital creators at Web Summit in Lisbon, officially recognizing them as small businesses. The company is addressing payment challenges faced by creators, with over two-thirds struggling with slow payouts according to Visa's survey. Through Visa Direct, creators can now receive real-time payments to eligible debit cards.

The company also expanded its partnership with Pharrell Williams, collaborating on his philanthropic ventures Black Ambition and YELLOW. Visa will provide financial and digital inclusion resources to YELLOW's students to improve financial literacy. Additionally, Visa announced its inaugural Creator Summit in Tokyo and continues to support creators through programs like 'GetP@id' and various business services.

Visa announces global expansion of its Flexible Credential technology, allowing users to access multiple payment sources from a single card. The rollout includes partnerships with Affirm in the U.S. and Liv in the UAE. Affirm Card, currently used by over 1.4 million U.S. consumers, enables both immediate payments and buy-now-pay-later options. Liv's implementation focuses on multi-currency functionality, supporting five major currencies. In Japan, the Olive card partnership with SMCC has reached over 3 million cardholders, with 70% of users utilizing multiple funding sources.

Visa and Coinbase announced a partnership to integrate Visa Direct network, enabling real-time account funding for Coinbase customers in the US and EU. The integration allows customers with eligible Visa debit cards to instantly deposit funds into their Coinbase accounts, facilitating quick trading opportunities in the crypto market. The partnership also enables real-time cash-outs from Coinbase to bank accounts via eligible Visa debit cards. This collaboration aims to bridge traditional finance with blockchain technologies while providing users with enhanced flexibility and security in their transactions.

Visa reported strong fiscal fourth quarter and full-year 2024 results, with Q4 GAAP net income of $5.3B ($2.65 per share) and net revenue of $9.6B, up 12% year-over-year. Full-year results showed net revenue of $35.9B, a 10% increase. The company saw stable growth in payments volume (+8%), cross-border volume (+13%), and processed transactions (61.5B, +10%). The board increased quarterly cash dividend by 13% to $0.590 per share. Share repurchases and dividends totaled $6.8B for Q4 and $20.9B for the full year.