NYSE:V

Visa Announces Generative AI-Powered Fraud Solution to Combat Account Attacks

Retrieved on: 
Tuesday, May 7, 2024
Data Management, Banking, Personal Finance, Technology, Professional Services, Security, Software, Artificial Intelligence, Internet, Fintech, Finance, Risk, Athens Mass Transit System, CNP, Ecosystem, Fraud, Cryptocurrency

These attacks, known as enumeration attacks, inflict operational expenses and $1.1B annually in fraud losses,1 accounting for a significant portion of global fraud.

Key Points: 
  • These attacks, known as enumeration attacks, inflict operational expenses and $1.1B annually in fraud losses,1 accounting for a significant portion of global fraud.
  • To combat this threat, today, Visa (NYSE:V), a leader in digital payments, announced updates to its Visa Account Attack Intelligence (VAAI) offering with the addition of the VAAI Score, a new tool that uses generative AI components to identify and score enumeration attacks.
  • Thirty three percent of enumerated accounts experienced fraud within five days of a fraudster obtaining access to their payment information2.
  • “With access to advanced technology, fraudsters are monetizing stolen credentials faster than ever before,” said Michael Jabbara, SVP Global Head of Fraud Services, at Visa.

Visa Announces Expiration and Results of Exchange Offer for Class B-1 Common Stock

Retrieved on: 
Monday, May 6, 2024
Banking, Fintech, Professional Services, Finance, Exchange offer, Class, Exchange, Security (finance)

Visa (NYSE:V) today announced that its Exchange Offer for Class B‑1 common stock expired on May 3, 2024.

Key Points: 
  • Visa (NYSE:V) today announced that its Exchange Offer for Class B‑1 common stock expired on May 3, 2024.
  • The Exchange Offer allowed each participating holder of Class B‑1 common stock to exchange their shares of Class B‑1 common stock for a combination of Visa’s Class B‑2 common stock, Visa’s Class C common stock and, where applicable, cash in lieu of fractional shares.
  • Today, Visa has accepted 240,677,470 shares of Class B‑1 common stock tendered in the Exchange Offer.
  • Based on the number of shares that were tendered, Visa will issue in exchange:1
    120,338,683 shares of Class B‑2 common stock;
    47,759,832 shares of Class C common stock; and
    in lieu of issuing fractional shares, Visa will pay cash based on the reported closing Class A common stock price on the NYSE as of the expiration date of $268.49.

Visa Inc. and J.P. Morgan Payments Forge Strategic Collaboration to Revolutionize Faster Money Movement in the US through Visa Direct

Retrieved on: 
Monday, May 6, 2024
Professional Services, Payments, Technology, Fintech, Banking, Digital Cash Management, Digital Assets, J. P. Morgan, Inc., Trust, Treasury, Movement, Organization, Treasury services, Visa Inc., Visa, Financial services

Visa Inc. (NYSE: V) and J.P. Morgan Payments today announced a strategic collaboration that aims to enhance merchant experiences, empower cardholders, and drive innovation for J.P. Morgan Payments’ customers, with the introduction of faster domestic payments in the US, through the Visa Direct network.

Key Points: 
  • Visa Inc. (NYSE: V) and J.P. Morgan Payments today announced a strategic collaboration that aims to enhance merchant experiences, empower cardholders, and drive innovation for J.P. Morgan Payments’ customers, with the introduction of faster domestic payments in the US, through the Visa Direct network.
  • Combining Visa Direct’s real-time1 reach to bank accounts across the US, proven security, trust and value added services developed over decades will further enhance J.P. Morgan Payments’ money movement solutions offered across client segments and business units.
  • John Skinner, co-head of Treasury Services at J.P. Morgan Payments, commented: “This is an important collaboration for our clients and our business.
  • J.P. Morgan Payments combines treasury services, trade, card and merchant services capabilities to help clients pay customers or employees, around the world.

Visa to Participate in Upcoming Investor Conferences

Retrieved on: 
Thursday, May 2, 2024
Professional Services, Payments, Technology, Finance, Fintech, Banking, Senior, Barclays, Bank, Conference

Visa (NYSE: V) today announced its participation in the following investor conferences.

Key Points: 
  • Visa (NYSE: V) today announced its participation in the following investor conferences.
  • On Tuesday, May 21, Jack Forestell, Chief Product and Strategy Officer, will present at the J.P. Morgan Global Technology, Media & Communications Conference.
  • The discussion will begin at 9:30 a.m. Eastern Time and last for approximately 30 minutes.
  • The discussion will begin at 9:40 a.m. Eastern Time and last for approximately 30 minutes.

Visa Joins AWS Partner Network to Help Simplify Global Digital Payments

Retrieved on: 
Thursday, April 25, 2024
Software, Internet, Payments, Finance, Banking, Professional Services, Technology, Fintech, Cloud, Ecosystem, Amazon Web Services, Innovation, Partnership, GameChanger, Athens Mass Transit System, APN, AWS, Growth

Visa (NYSE: V), a world leader in global digital payments, announced today it has joined the AWS Partner Network (APN), a global community that leverages AWS technologies, programs, expertise, and tools to build solutions and services for customers.

Key Points: 
  • Visa (NYSE: V), a world leader in global digital payments, announced today it has joined the AWS Partner Network (APN), a global community that leverages AWS technologies, programs, expertise, and tools to build solutions and services for customers.
  • Visa will make select payment services available in the AWS Marketplace , which has more than 300,000 global customers and thousands of software listings.
  • “Visa is dedicated to better serving our clients in cloud environments, which is why we’re excited to bring Visa Cross-Border Solutions to the AWS Marketplace,” said Vanessa Colella, Global Head of Innovation and Digital Partnerships, Visa.
  • Companies wanting to process payments through AWS on VisaNet , Visa’s global processing network, can already establish secure AWS Privatelink connectivity with Visa Cloud Connect .

Visa Fiscal Second Quarter 2024 Financial Results

Retrieved on: 
Tuesday, April 23, 2024
Professional Services, Payments, Technology, Finance, Banking, Digital Cash Management, Digital Assets, Webcast

Visa will host a live audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results.

Key Points: 
  • Visa will host a live audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results.
  • The webcast and all related materials can also be accessed through Visa’s Investor Relations website at investor.visa.com .
  • Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories.
  • We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.

Visa Reimagines Payment Acceptance for the ‘Click-and-Mortar' Era

Retrieved on: 
Wednesday, April 17, 2024
Professional Services, Payments, Online Retail, Retail, Other Retail, Technology, Finance, Authorize.Net, Ecosystem, UI, SMB, Certification, Visa, Research, Commerce, Smartphone, Riau rupiah, Online shopping

“The payments sector has made significant strides in simplifying the consumer shopping experience. In doing so, the payments ecosystem has become more complex and fragmented for sellers -- but it doesn’t have to be this way,” said Rob Cameron, Global Head of Acceptance Solutions, Visa. “Visa Acceptance Solutions allows businesses worldwide to offer their customers best-in-class payment options without over-indexing on complexity for themselves.”

Key Points: 
  • Visa (NYSE: V), a global leader in digital payments, is offering sellers expansive, simplified services to keep pace with those demands.
  • In doing so, the payments ecosystem has become more complex and fragmented for sellers -- but it doesn’t have to be this way,” said Rob Cameron, Global Head of Acceptance Solutions, Visa.
  • Visa Acceptance Solutions offers a level of connectivity and flexibility that businesses can’t build on their own without heavy technology investment, underscoring the importance of integrating digital and physical retail.
  • As a part of Visa’s value-added services, cloud-ready solutions like the Visa Acceptance Platform and Visa’s Tap to Phone payment solution have helped clients scale their businesses and tailor their payment systems to meet consumer needs.

Visa Commences Exchange Offer for Class B-1 Common Stock

Retrieved on: 
Monday, April 8, 2024
Personal Finance, Professional Services, Finance, Exchange offer, Class C, Class, Exchange, Expiration, Prospectus, Security (finance)

Visa (NYSE:V) today commenced its previously announced initial Exchange Offer for any and all outstanding shares of its Class B-1 common stock for a combination of Visa’s Class B-2 common stock, Visa’s Class C common stock and, where applicable, cash in lieu of fractional shares.

Key Points: 
  • Visa (NYSE:V) today commenced its previously announced initial Exchange Offer for any and all outstanding shares of its Class B-1 common stock for a combination of Visa’s Class B-2 common stock, Visa’s Class C common stock and, where applicable, cash in lieu of fractional shares.
  • In exchange for each share of Class B-1 common stock validly tendered (and not withdrawn) and accepted for exchange by Visa, a participating holder will receive:
    one half of a newly issued share of Class B-2 common stock,
    newly issued shares of Class C common stock in an amount equivalent to one half of a share of Class B-1 common stock, with such equivalence based on the respective amounts of Class A common stock into which Class B-1 common stock and Class C common stock would be convertible as of the Expiration Date, and
    where applicable, cash in lieu of fractional shares determined by reference to the reported closing Class A common stock price on the New York Stock Exchange as of the Expiration Date.
  • The current rates into which the Class B-1 common stock and Class C common stock convert into Class A common stock are 1.5875 shares and 4 shares, respectively.
  • Based on these rates, Visa will issue 0.1984 shares of Class C common stock for each share of Class B-1 common stock validly tendered and accepted for exchange.

Visa to Announce Fiscal Second Quarter 2024 Financial Results on April 23, 2024

Retrieved on: 
Thursday, April 4, 2024
Finance, Payments, Professional Services, Digital Cash Management, Digital Assets, Technology, Webcast, News, Security (finance)

Visa (NYSE: V) will report its fiscal second quarter 2024 financial results on Tuesday, April 23, 2024.

Key Points: 
  • Visa (NYSE: V) will report its fiscal second quarter 2024 financial results on Tuesday, April 23, 2024.
  • After market close, Visa will furnish the results with the Securities and Exchange Commission and post them, along with accompanying financial information, on the Visa Investor Relations website.
  • Visa will issue a news wire alert when the earnings materials are publicly available, including a link to those documents.
  • This quiet period will be in place until fiscal second quarter 2024 earnings are publicly available on April 23, 2024.

Visa Brings Convenience and Control to Booming Subscription Economy

Retrieved on: 
Wednesday, April 3, 2024
Personal Finance, Payments, Finance, Professional Services, Technology, Apps, Applications, Fintech, Digital Cash Management, Digital Assets, Overload, Food

Recognizing this, Visa (NYSE: V), a world leader in digital payments, today announced the launch of Subscription Manager, a new, all-in-one service for financial institutions to provide Visa cardholders with a simple, convenient way to track their subscriptions, all from the palm of their hands.

Key Points: 
  • Recognizing this, Visa (NYSE: V), a world leader in digital payments, today announced the launch of Subscription Manager, a new, all-in-one service for financial institutions to provide Visa cardholders with a simple, convenient way to track their subscriptions, all from the palm of their hands.
  • In the era of subscription overload, consumers are grappling with the complexities of managing multiple subscriptions across a web of apps.
  • Navigating through each platform’s unique terms can potentially lead to unnoticed charges, even after a subscription is cancelled.
  • For more information on this, as well as Visa's issuing solutions and other value-added services for businesses, please visit the Visa Developer Center .