Welcome to our dedicated page for Visa news (Ticker: V), a resource for investors and traders seeking the latest updates and insights on Visa stock.
Visa Inc. (V) operates the world's largest retail electronic payments network, connecting financial institutions, merchants, and consumers across 200+ countries. This news hub provides investors with essential updates on transaction volume trends, strategic partnerships, and technological advancements in digital payments.
Access real-time announcements including quarterly earnings reports, new market expansions, cybersecurity initiatives, and regulatory developments. Our curated collection combines official press releases with verified financial analysis to help stakeholders track Visa's position in the evolving fintech landscape.
Key updates cover cross-border payment innovations, merchant network growth, and collaborations shaping the future of digital commerce. Bookmark this page for centralized access to critical information about Visa's network security enhancements, financial partnerships, and global payment infrastructure developments.
Visa has launched the Minority Depository Institutions Accelerate program, committing up to
Visa Inc. (NYSE: V) announces its participation in several investor conferences in March 2023. On March 3, Jack Forestell will speak at the Evercore ISI Payments & FinTech Innovators Forum at 11:00 AM ET and Ryan McInerney at the KBW FinTech & Payments Conference at 4:10 PM ET. On March 8, Alfred Kelly will present at the Wolfe FinTech Forum at 8:20 AM ET and the RBC Financial Institutions Conference at 12:15 PM ET. Finally, on March 10, Vasant Prabhu will present at the Morgan Stanley Technology, Media & Telecom Conference at 8:00 AM PT.
i2c Inc. is hosting a virtual roundtable on February 23, 2022, to discuss the growing trend of in-house credit card issuing. The webinar will feature panelists from Visa, Aite-Novarica, and Community Bank of the Chesapeake, focusing on strategies for small- to mid-sized banks to profitably issue credit cards. Key topics include buy now pay later trends, self-issuance benefits, and a case study showcasing Community Bank of the Chesapeake's success in credit-issuing.
Visa (NYSE: V) announced a decline in its U.S. Spending Momentum Index (SMI), which fell to 102.4 in January, down from 109.4 in December, indicating a decrease in consumer spending momentum due to rising COVID-19 cases. Despite this, consumer demand remains resilient, and spending is expected to improve in upcoming months. All four U.S. regions recorded a decrease in SMI, with the West having the strongest reading at 106.1. The SMI for discretionary purchases dropped to 100.6, while non-discretionary purchases fell to 97.4.
Visa Inc. (NYSE:V) has announced the appointment of Jennifer Como as the new Head of Investor Relations, succeeding Mike Milotich, who is leaving to become CFO of another publicly traded company. Ms. Como, currently Senior Vice President of Investor Relations at Visa, has a strong background in financial services and has been with the company since 2019. Her extensive experience includes roles in corporate finance and communications. Vasant Prabhu, Visa's Vice Chair and CFO, endorsed her leadership and expertise in the payments industry.
Visa Inc. (NYSE: V) announced its fiscal first quarter 2022 financial results, set to be disclosed via a Form 8-K with the SEC. The results will be available on Visa's Investor Relations website. A live audio webcast is scheduled for 2:00 p.m. PT to discuss these results. Visa, a global leader in digital payments, facilitates transactions across more than 200 countries. The company emphasizes its mission to foster inclusive economies through innovative payment solutions that help businesses and communities thrive.
Visa (NYSE: V) reported a strong U.S. Spending Momentum Index (SMI) of 108.4 for December, indicating robust consumer spending momentum. The SMI for Q4 averaged 110.3, a significant rise from previous years. While discretionary purchases fell to 103, non-discretionary purchases remained steady at 99.9. Regional declines were noted, particularly in the Midwest and South. Visa's Chief Economist, Wayne Best, indicated that adverse factors, including virus spread and severe weather, impacted spending in December.
Visa (NYSE: V) has launched the Visa Acceptance Cloud (VAC), a platform aimed at enhancing payment processing capabilities for businesses globally. VAC enables payment processing software to be cloud-based, allowing various devices to accept payments without the need for hardware modifications. Already operational in six regions, VAC supports features like buy now, pay later, fraud management, and advanced data analytics. The initiative is set to simplify payment acceptance for small businesses while providing robust security through Visa’s data centers.
The 6th edition of Visa's Global Back to Business study shows 90% of small businesses (SMBs) are optimistic about their future. Key findings indicate that 73% of SMBs believe accepting new digital payments is essential for growth, while 59% plan to utilize only digital payments within two years. The pandemic highlighted the importance of e-commerce, with 90% of SMBs with an online presence attributing their survival to online sales. Visa aims to digitally enable 50 million SMBs, having already reached 24.8 million. Resources like the $1 million Grants for Growth program are also being introduced.
