VISA Inc. - V STOCK NEWS

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.

Visa Inc. (NYSE: V) announced its participation in several upcoming investor conferences. On August 31, Oliver Jenkyn will present at the Deutsche Bank Technology Conference at 8:15 a.m. PT for 35 minutes. On September 12, Vasant Prabhu will speak at the Goldman Sachs Communacopia and Technology Conference starting at 9:15 a.m. PT for 40 minutes. Finally, Ryan McInerney will present at the Autonomous Research Virtual Annual Future of Commerce Symposium on September 15 at 12:15 p.m. PT for 45 minutes. Webcasts will be available for 30 days on the Investor Relations website.

Visa Inc. (NYSE: V) announced its fiscal Q3 2022 financial results, detailing its performance in digital payments across over 200 countries. The earnings announcement will be filed with the Securities and Exchange Commission and accessible on Visa's Investor Relations website. A live audio webcast is scheduled for 2:00 PM PT to discuss these results in detail. Visa continues to emphasize its mission to enhance global payment accessibility, promoting economic growth and inclusion.

McAfee Corp. has announced an expanded partnership with Visa (NYSE: V) to offer online protection solutions to Visa Classic Business cardholders in the UK. This collaboration allows eligible cardholders to save up to 50% on a one-year subscription to McAfee Total Protection, which provides security for various devices. This initiative addresses the rising online security threats, especially for small businesses that face resource constraints. The offer aims to enhance digital protection and ease concerns for these businesses.