VISA Inc. - V STOCK NEWS

Visa (NYSE: V) has introduced the Visa Tokenized Asset Platform (VTAP), a new product designed to help financial institutions issue and manage fiat-backed tokens on blockchain networks. VTAP offers easy integration, programmability, and interoperability for banks to mint, burn, and transfer fiat-backed tokens. The platform is available on the Visa Developer Platform for participating financial institutions to experiment in a sandbox environment.

Key benefits of VTAP include minimal technical integration, the ability to use fiat-backed tokens within smart contracts, and potential interoperability across different blockchains. BBVA has been testing VTAP sandbox functionalities and aims to launch an initial live pilot with select customers in 2025 on the public Ethereum blockchain.

Visa's goal is to enable safe and secure cross-chain exchanges of tokenized real-world assets using fiat-backed tokens, bridging existing fiat currencies with blockchain technology.

Visa (NYSE: V) has announced a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology. This acquisition aims to strengthen Visa's portfolio of fraud detection and risk-scoring solutions. Featurespace, originating from Cambridge University's engineering department, has developed innovative algorithmic-based solutions to analyze transaction data and detect elusive fraud cases.

Antony Cahill, Global Head of Value-added Services at Visa, emphasized the importance of providing clients with solutions that can adapt to and anticipate the changing threat landscape. The combined expertise of Visa and Featurespace will enable clients to manage fraud in real-time and further protect the payments ecosystem using AI-fueled solutions. This investment builds on Visa's commitment to ecosystem security, with billions of dollars invested in technology over the past five years to reduce fraud and enhance network security.

SEEDS Academy and Visa have partnered to empower youth and promote sustainability through innovative online courses. This collaboration aligns with the UN Sustainable Development Goals and Kuwait Vision 2035. The partnership offers free online courses focused on the circular economy, targeting participants in the Middle East and North Africa region.

Key courses include 'Fundamentals of Circular Economy', 'Circular Business Models', and 'Sustainable Supply Chains'. These are offered in Arabic with English subtitles. The initiative aims to equip young individuals with practical knowledge and tools to apply circular economy principles in their personal and professional lives.

This partnership also highlights Visa's commitment to supporting women entrepreneurs in the Gulf region, fostering an inclusive and sustainable digital economy.

Visa has launched its Money Movement Advisory Practice in the United States and Canada, a new value-added service offered by Visa Consulting & Analytics (VCA). This strategic initiative aims to help clients navigate the complex money movement industry, estimated at $200T globally. The practice leverages Visa's payments expertise to simplify financial transactions in a digital-first world.

Visa's Money Movement solutions, including the Visa Direct network, enable real-time, secure transactions globally for both low and high-value payments, reaching up to 8.5 billion endpoints across 190+ countries and territories. The new practice will focus on assisting clients with strategy definition, user experience optimization, and implementation support for Visa's Money Movement solutions.

WSPN, a provider of next-generation stablecoin infrastructure, has secured $30 million in Seed funding led by Folius Ventures and Foresight Venture. The company is introducing 'Stablecoin 2.0', aiming to redefine digital payments with enhanced security, efficiency, and transparency. WSPN's team brings expertise from industry leaders like CTH, Paxos, and Visa (NYSE: V).

Key features of Stablecoin 2.0 include:

• User-centric value distribution through a governance token
• Community-driven governance with on-chain voting
• Enhanced accessibility and payment system upgrades
• Development of a comprehensive value ecosystem

Visa (NYSE: V) has announced its participation in two upcoming investor conferences. On August 29, Chris Newkirk, Global Head of New Flows, will present at the Deutsche Bank Technology Conference at 9:30 a.m. PT for about 35 minutes. On September 11, Chris Suh, Chief Financial Officer, will present at the Goldman Sachs Communacopia + Technology Conference at 10:10 a.m. PT, also for approximately 35 minutes.

Audio webcasts and replays will be available for 30 days after each event on Visa's Investor Relations website. Visa, a global leader in digital payments, facilitates transactions across over 200 countries and territories, aiming to connect the world through innovative and secure payment solutions.

Visa, the Official Payment Technology Partner of the Olympic and Paralympic Games, has released data showing a significant boost in tourism and spending in France during the Olympic Games Paris 2024. Key highlights include:

- 42% increase in Visa cardholders traveling to Paris in the first week of the Games compared to 2023
- Other host cities saw substantial visitor increases: Lille (188%), Saint-Etienne (150%), and Marseille (48%)
- US Visa cardholders represented the largest share of visitors with a 72% year-on-year growth
- Visa cardholders who attended Games competitions spent 24% more than those who did not
- Significant spending increases in theatres & museums (205%), restaurants (67%), and retail goods (53%)

Visa's custom payment network across 32 Olympic and 16 Paralympic venues ensured seamless transactions for visitors, contributing to the Games' economic success.

Visa, the Official Payment Technology Partner of the Olympic and Paralympic Games, has released data showing a significant boost in tourism and spending in France during the Olympic Games Paris 2024. Key findings include:

- 42% increase in tourists visiting Paris during the first week of the Games compared to 2023
- US Visa cardholders represented the largest share of visitors, with a 72% year-on-year increase
- Other host cities like Lille (188% increase), Saint-Etienne (150%), and Marseille (48%) also saw significant growth in visitors
- Fans attending competitions spent 20% more than non-attendees
- Restaurants in Paris saw a 49% year-on-year increase in spending

Visa implemented a custom payment network across 32 Olympic and 16 Paralympic venues, ensuring contactless payments at 3,500 points of sale. The company also launched the Visa Go app to connect visitors with local businesses during the event.

Visa, the Official Payment Technology Partner of the Olympic and Paralympic Games, has released data showing significant consumer spending increases during the 2024 Paris Games. Small businesses in Paris saw a 26% year-on-year rise in sales during the opening weekend. Notable spending increases were observed in theatres & museums (+159%), food & grocery (+42%), and restaurants (+36%).

The largest share of overseas spend comes from U.S. Visa cardholders (29%), with substantial year-on-year increases from Brazilian (+33%) and Japanese (+129%) cardholders. Contactless payments accounted for 78% of international purchases, up 9% from the previous year. Flight bookings to Paris increased by 39%, with a 120% growth in travelers under 35. Cities hosting Olympic events outside Paris also experienced significant spending increases.