Silicon Investor - Visa Inc. (NYSE: V)

[Sr K] Visa, Mastercard Prepare to Raise Credit-Card Fees The increases, delayed durin...

Sr K — 3/8/2022 11:40:57 AM

Visa, Mastercard Prepare to Raise Credit-Card Fees

The increases, delayed during the pandemic, mean many merchants will pay more when shoppers use credit cards

The fee increases are scheduled to kick in next month.PHOTO: DANIEL ACKER/BLOOMBERG NEWS

By AnnaMaria Andriotis Follow

March 8, 2022 7:39 am ET

Visa Inc. V -0.83% and Mastercard Inc. MA -1.52% are preparing to increase the fees that many large merchants pay when they accept consumers’ credit cards.

The fee increases— delayed during the past two years because of the pandemic—are scheduled to kick in next month, according to people familiar with the matter and a document viewed by The Wall Street Journal.

Interchange fees account for most of the increase. Merchants pay these fees, which are set by the card networks, when shoppers use their cards. The fees go to the bank that issued the card.

Though invisible to shoppers, interchange fees are a constant source of aggravation for merchants. Their interchange costs have ballooned in recent years along with the popularity of rewards credit cards, which typically carry higher fees to cover the cost of travel perks and other benefits. But the networks’ “honor all cards” rule means that a merchant who accepts one Visa credit card, for example, must accept all of them.

U.S. merchants paid card issuers an estimated $55.4 billion in Visa and Mastercard credit-card interchange fees in 2021, more than double the amount in 2012, according to the Nilson Report. They pass along at least some of these costs to the consumer in the form of higher prices. More merchants have started charging consumers extra when they pay with credit cards.

The ability to accept card payments helped businesses weather the pandemic, Visa and Mastercard said. The fees, they have said, help cover costs related to fraud prevention and innovation.

“Our focus remains ensuring the safety and security of payments while balancing the interests of all parties,” a Mastercard spokesman said.

The Visa and Mastercard fee increases will apply to many online consumer credit-card purchases, according to the document and people familiar with the matter. A Visa spokesman said merchants can avoid the higher fees if they provide certain transaction data and use its token service that masks card numbers.

Mastercard will also increase fees on more than a dozen in-store purchase categories, according to the document and people familiar with the matter. Small and midsize supermarkets will pay higher interchange fees on most rewards cards. In-store general retail fees will also rise.

In total, Mastercard’s interchange fee changes will result in an estimated net annual increase of around $330 million for merchants, according to CMSPI, a consulting company that works with merchants.

A Mastercard spokesman said the company is lowering costs for all merchants with transactions below $5 as well as hotels, casual dining, daycare facilities and other sectors that were hit hard by the pandemic.

Visa is lowering fees for online and in-store purchases at some small merchants with $250,000 or less in annual consumer credit-card volume, according to the document. Some retail categories, like convenience or grocery stores, restaurants and gas stations, will be excluded, according to people familiar with the matter.

Visa last week said this change will lower fees by 10% for more than 90% of American businesses.

Exc.

[kech] Unfortunately the plaid deal was called off for antitrust issues. Will visadirec...

kech — 2/20/2021 8:12:36 AM

Unfortunately the plaid deal was called off for antitrust issues. Will visadirect fill the gap? What can we do to get more discussion over here on this great company?

[JakeStraw] Visa to acquire Plaid, the fintech powering Venmo and other banking apps, in $5....

JakeStraw — 1/14/2020 2:44:59 PM

Visa to acquire Plaid, the fintech powering Venmo and other banking apps, in $5.3 billion deal
Payments giant Visa is buying Silicon Valley start-up Plaid in a $5.3 billion deal, the companies announced Monday.
cnbc.com
Plaid’s API software lets start-ups connect to users’ bank accounts and works with Venmo, mobile investing app Robinhood and cryptocurrency exchanges Coinbase and Gemini.
Plaid says 25% of people in the United States with bank accounts have connected to the fintech company through an app.

[SI Ron (Crazy Music Man)] [X] #Visa$V 175.16 +0.6% Visa to hit $1 trn in card payments https://t.co/oWm0k...

SI Ron (Crazy Music Man) — 9/23/2019 1:57:51 PM

[X]

#Visa $V 175.16 +0.6% Visa to hit $1 trn in card payments https://t.co/oWm0k1SPUt
Message Board: https://t.co/eGxHrHefme pic.twitter.com/DlGoSMQKzn
— Silicon Investor (@Si_Investor) September 23, 2019

[/X]

[Sr K] Another all-time high 180.26 MA, too, HOD 277.0962

Sr K — 7/10/2019 12:05:37 PM

[JakeStraw] Visa Prevents Approximately $25 Billion in Fraud Using Artificial Intelligence i...

JakeStraw — 6/18/2019 8:39:24 AM

Visa Prevents Approximately $25 Billion in Fraud Using Artificial Intelligence
investor.visa.com
Since pioneering AI in payments, continuous evolution of the technology in Visa Advanced Authorization helps drive commerce and consumer confidence

VAA is a comprehensive risk management tool that monitors and evaluates transaction authorizations on the Visa global payment network, VisaNet, in real time to help financial institutions promptly identify and respond to emerging fraud patterns and trends. Visa processed more than 127 billion transactions between merchants and financial institutions on VisaNet last year, and employed AI to analyze 100 percent of the transactions—each in about one millisecond—so financial institutions can approve legitimate purchases while quickly identifying and preventing fraudulent transactions.

“One of the toughest challenges in payments is separating good transactions made by account holders from bad ones attempted by fraudsters without adding friction to the process,” said Melissa McSherry, senior vice president and global head of Data, Risk and Identity Products and Solutions, Visa. “Visa was the first payment network to apply neural network-based AI in 1993 to analyze the riskiness of transactions in real time, and the impact on fraud was immediate. By striking the right balance between human expertise and technology innovation, we continue to evolve our capabilities as new AI breakthroughs expand the realm of what’s possible.”

[JakeStraw] Animation, Sound & Vibration – How Visa is Reinforcing Consumer Trust in a Chang...

JakeStraw — 6/18/2019 8:37:14 AM

Animation, Sound & Vibration – How Visa is Reinforcing Consumer Trust in a Changing Payments World

Visa’s suite of sensory branding elements arriving at more than one million points of sale
businesswire.com
Visa was the first major payment brand to introduce multi-sensory branding, which included animation, sound and haptic vibration expressions of its brand. After an extensive creation and selection process that involved focus groups and elimination rounds, Visa landed on a single ‘energetic’ and ‘optimistic’ sound, and complementary animation and haptic vibration. Since then, Visa has forged partnerships with a range of companies around the world to deploy sensory branding, ensuring more consumers get the confidence they desire when making a payment.

“As consumers continue to change where and how they pay in the world, the entirety of the customer experience must also evolve in ways that have trust built-in from the start,” said Lynne Biggar, chief marketing and communications officer, Visa. “Giving greater dimensionality to our brand and letting our customers see, hear or feel Visa when they pay, is an essential ingredient at a time when the physical point of sale is making way for greater digital environments. Sensory branding cues provide a way for us to express that our brand promise of speed, security, reliability and trust is still behind every transaction.”

To measure the impact of sensory branding on consumer experience, research with a sample of San Francisco Bay Area merchants1 using POYNT terminals was recently undertaken. The in-store research found that consumers who experienced sensory branding were 12% more likely to say that the merchant cares for their security. Similarly, positive perceptions of the Visa brand increased by 14% compared with those who did not experience the sensory branding at the POS, with recall of the Visa logo also increasing.

[JakeStraw] Visa B2B Connect Launches Globally investor.visa.com First of its kind cross-bor...

JakeStraw — 6/12/2019 8:15:49 AM

Visa B2B Connect Launches Globally
investor.visa.com
First of its kind cross-border B2B payments network streamlines payments and delivers rich set of data for financial institutions and their corporate clients

Launching Visa B2B Connect marks an important industry milestone which will accelerate the evolution of how commercial payments move around the world,” said Kevin Phalen, SVP, global head of Visa Business Solutions. “By creating a solution that facilitates direct, bank to bank transactions, we are eliminating friction associated with key industry pain points. With Visa B2B Connect, we are making payments quicker and simpler, while enhancing transparency and consistency of data.”

Visa B2B Connect removes friction and time spent on cross-border corporate transactions by facilitating transactions from the bank of origin directly to the beneficiary bank. The network’s unique digital identity feature tokenizes an organization’s sensitive business information, such as banking details and account numbers, giving them a unique identifier that can be used to facilitate transactions on the network. Visa B2B Connect’s digital identity feature will transform the way information is exchanged in business-to-business cross-border transactions.

[JakeStraw] Visa and Western Union to Bring Speed, Simplicity and Transparency to Global Pay...

JakeStraw — 6/6/2019 1:56:40 PM

Visa and Western Union to Bring Speed, Simplicity and Transparency to Global Payments

New collaboration to modernize global money movement for expedited cross-border money transfers
businesswire.com
Nearly $80 trillion (US) of money is sent via a wire transfer or bank account globally today, but the process is harder and more complex than it should be. Money can take days to arrive because of outdated, multi-step, costly methods. 85% of all transactions are still in cash, or other physical currency. The digitization and improvement of these solutions are core to both Visa’s and Western Union’s payment modernization strategies.

“Together Visa Direct and Western Union are collaborating with plans to scale real-time cross border payments to businesses and consumers in more than 200 countries and territories in more than 130 currencies,” said Bill Sheley, global head of push payments, Visa. “This new strategic relationship with Western Union combines the industry-leading capabilities of the world’s largest remittance provider with Visa’s global reach, risk management abilities and operating scale, to bring exceptional value propositions and user experiences to senders and receivers around the globe.”

[JakeStraw] Visa Acquires Control of Earthport investor.visa.com “Visa is modernizing the wa...

JakeStraw — 5/8/2019 8:06:31 AM

Visa Acquires Control of Earthport
investor.visa.com
“Visa is modernizing the way we move money by making it quicker, safer and easier to pay and be paid than ever before,” said Bill Sheley, head of global push payments, Visa. “The acquisition of Earthport unleashes the power of Visa by taking us 'beyond the card,' empowering us to enable our clients to make payments through bank accounts around the world.”

Earthport’s technology will allow Visa to further expand and scale Visa Direct’s rapidly growing portfolio of use cases, including funds disbursements, peer-to-peer payments, cross border payments, marketplace payouts, and bill payments. Over the last 12 months, Visa Direct’s transaction count growth has continued to be over 100% - showing the demand for faster, smarter money movement among consumers and businesses around the world.

[JakeStraw] Visa is now covered by analysts at Goldman Sachs Group Inc. They set a "buy" rat...

JakeStraw — 5/2/2019 1:45:53 PM

Visa is now covered by analysts at Goldman Sachs Group Inc. They set a "buy" rating and a $188.00 price target on the stock.

Visa had its price target raised by analysts at UBS Group AG from $146.00 to $183.00.

[JakeStraw] Visa Opens Door to Digital-First Payment Experiences Through Visa Next investor....

JakeStraw — 4/22/2019 11:20:48 AM

Visa Opens Door to Digital-First Payment Experiences Through Visa Next
investor.visa.com
Unveils a new platform to help re-imagine how consumers access, manage and control their money

[JakeStraw] Visa and Wave Join Forces to Improve Cash Flow Management for Small Businesses ...

JakeStraw — 4/18/2019 8:24:19 AM

Visa and Wave Join Forces to Improve Cash Flow Management for Small Businesses

Wave’s New Instant Payouts feature offers small businesses an expedited way to manage cash flow and merchant payments
businesswire.com

[JakeStraw] Visa and PayActiv Join Forces to Offer On-Demand Access to Earned Wages Disburse...

JakeStraw — 3/7/2019 8:07:51 AM

Visa and PayActiv Join Forces to Offer On-Demand Access to Earned Wages Disbursed by PayActiv
investor.visa.com
“Visa Direct is helping to power a fundamental shift in how employees access wages they have already earned, outside of the traditional two-week payroll cycle,” said Cecilia Frew, SVP Global Commercialization of Visa Direct, Visa. “We are proud to be partnering with PayActiv to offer additional choice and flexibility to employers and employees when managing their financial well-being.”

With on-demand access to earned wages from PayActiv and the ability to receive them in real-time through Visa Direct, eligible employees can unlock the benefits that real-time access to funds provide and participating employers can have a competitive advantage and incentive to attract and engage employees. By implementing Visa Direct, PayActiv is able to give users real-time access to PayActiv’s on-demand payroll program, and allows employers to quickly implement the solution, with little to no set-up costs.

[JakeStraw] Visa and Planeta Informatica Pioneer New Technology to Bring the Speed, Security...

JakeStraw — 2/26/2019 7:52:34 AM

Visa and Planeta Informatica Pioneer New Technology to Bring the Speed, Security and Convenience of Contactless Payments to Transit Operators Around the World
investor.visa.com

[JakeStraw] Visa sweetens offer for payment company Earthport in its battle with Mastercard ...

JakeStraw — 2/8/2019 8:07:34 AM

Visa sweetens offer for payment company Earthport in its battle with Mastercard
cnbc.com
Earthport offers a lower-cost option to traditional payments systems by allowing banks and money transfer firms to have a single relationship instead of multiple ties with various payments channels around the world.

[JakeStraw] Visa Offers Payment Processing Services in Argentina 01/29/2019 With the launch ...

JakeStraw — 1/29/2019 9:08:37 AM

Visa Offers Payment Processing Services in Argentina
01/29/2019
With the launch of VisaNet services, financial institutions, merchants and consumers in Argentina will gain access to new and innovative ways to pay and be paid.
investor.visa.com

[JakeStraw] Visa is partnering with Ingo Money to launch a product for merchants and banks t...

JakeStraw — 12/13/2018 9:09:43 AM

Visa is partnering with Ingo Money to launch a product for merchants and banks to quickly get onto the payment network's systems allowing fast digital payments to customers.

It's the latest sign of the rise of push-to-card payments where companies use existing card networks to push money to customers, reversing the traditional flow of dollars. In cases where companies want to send money to customers – say, a small business loan or an insurance payout – the method replaces paper checks or the decades-old Automated Clearing House (ACH) network, sending money over debit-card rails directly into users' checking accounts.

The advent of peer-to-peer payment platforms like Venmo and Square's cash app helped popularize the "pushing" of payments in real time over the systems of Visa and Mastercard. Now companies like Uber and Lyft use the method to send wages to workers' debit cards for those who can't wait for their regular paydays. Increasingly, tech-savvy companies like small business lender On Deck Capital are using push payments to get money to users in minutes.

As much as $33 trillion in paper checks and ACH payments annually could be replaced by this method, according to Roswell, Georgia based Ingo. But companies who want to adopt it need to either build or buy systems to help authenticate users and settle the payments, and that's where Ingo comes in.

Their product, called QuickConnect, allows users to get onto Visa Direct faster than if they had to build their own solutions, according to Ingo CEO Drew Edwards. He says that On Deck, KeyBank, Safelite and Snapsheet are already clients.

"Consumers love it, because instead of getting a check, the money goes directly into their accounts," Edwards said. "We're really early in terms of use cases for this getting deployed."
cnbc.com

[JakeStraw] Visa Collaborates with Billtrust to Help Launch Business Payments Network and Re...

JakeStraw — 11/5/2018 9:04:34 AM

Visa Collaborates with Billtrust to Help Launch Business Payments Network and Redefine Digital B2B Payments
Supplier-Centric Approach Simplifies Connectivity for Suppliers, Buyers and Financial Institutions
businesswire.com
Visa (NYSE: V) and Billtrust today announced that they are collaborating on Billtrust’s Business Payments Network (BPN), which is designed to streamline the delivery of electronic B2B payments to suppliers. As a unique supplier-driven B2B payments network, BPN provides a transparent registry of suppliers who accept digital payments, giving buyers and financial institutions the necessary access to automate what has historically been a complex process. BPN makes it easier than ever to harness the increased efficiencies, greater security and lower costs associated with processing digital payments, without needing to make significant changes to existing infrastructure.

“There is a great deal of momentum now building around the digitalization of corporate financial processes to improve cash cycle control and performance, leading to reduced cost and risk, along with gaining more strategic insight using captured transaction data as an analytic base”

“As businesses evolve, digital payments will play an increasingly important role in B2B commerce,” said Kevin Phalen, global head, Visa Business Solutions. “Collaborating with Billtrust on the Business Payments Network will allow us to improve the experience for suppliers on the receiving end of the payment, while enabling our financial institution clients to streamline the B2B payments process for their corporate customers and provide a better way for buyers and suppliers to realize the benefits that digital payments provide.

[JakeStraw] Visa Becomes the Official Payment Technology Partner of New York’s Hudson Yards ...

JakeStraw — 10/31/2018 8:38:19 AM

Visa Becomes the Official Payment Technology Partner of New York’s Hudson Yards
Visa will look to create “only-at” payment experiences for millions of annual visitors to Hudson Yards, New York’s newest neighborhood, scheduled to open in 2019
businesswire.com

[Julius Wong] V: Analyst Ratings & Price Targets tipranks.com

Julius Wong — 10/29/2018 2:22:03 PM

[JakeStraw] Visa Inc. Reports Fiscal Fourth Quarter and Full-Year 2018 Results s1.q4cdn.com

JakeStraw — 10/25/2018 7:39:43 AM

[JakeStraw] Visa Makes Strategic Investment in Conductor to Accelerate Adoption of Digital P...

JakeStraw — 10/23/2018 8:34:39 AM

Visa Makes Strategic Investment in Conductor to Accelerate Adoption of Digital Payments in Brazil
businesswire.com
The investment reinforces the existing partnership between Visa and Conductor, as well as the companies’ shared vision for driving adoption of digital payments across e-commerce and mobile commerce in Brazil. Backed by Riverwood Capital since 2014, Conductor has become a key technology-processing platform for retailers, banks, and other companies in Brazil looking to issue different type of cards and digitize their payments, resulting in better engagement and increased loyalty amongst consumers.
Visa and Conductor’s areas of focus and product expansion plans include developing issuer-focused solutions for tokenizing payments via mobile wallets, improving access to Visa APIs, expanding the usage of push payments with Visa Direct, and increasing acceptance of digital payments among small and medium businesses, among other initiatives.

[JakeStraw] Visa Readies B2B Connect for Market Visa’s Distributed Ledger Platform Provides...

JakeStraw — 10/22/2018 7:41:54 AM

Visa Readies B2B Connect for Market

Visa’s Distributed Ledger Platform Provides Groundbreaking “Digital Identity” for Clients;
IBM and Bottomline Technologies Announced as New Partners for Commercial Launch
businesswire.com
“With B2B Connect, we’re developing a new way for businesses to make cross border, high value payments – fixing broken processes and breaking down geographic barriers along the way,” said Kevin Phalen, global head, Visa Business Solutions, Visa. “B2B Connect will facilitate payments for financial institutions for a variety of industry verticals, including supply chain, trade, institutional banking and more.”

B2B Connect’s digital identity feature tokenizes an organization’s sensitive business information, such as banking details and account numbers, giving them a unique identifier that can be used to facilitate transactions on the platform. Encompassing safety, security and governance all in one solution, B2B Connect’s digital identity feature will transform the way information is exchanged in business-to-business cross-border transactions.

“B2B Connect’s digital identity greatly reduces the opportunity for fraud that might otherwise exist with checks, ACH and wire transfers today, while also helping companies remain compliant as part of the regulated financial ecosystem,” continues Phalen.

[GROUND ZERO™] I agree, and with the anticipated record high Holiday shopping season yet to com...

GROUND ZERO™ — 10/21/2018 5:26:22 AM

I agree, and with the anticipated record high Holiday shopping season yet to come with most everyone using their Visa I think it's realistic to expect this stock to move significantly higher from current levels... it's one of my many favorites...

GZ

[Neeka] As long as they continue to update and improve their security apparatus, I'll co...

Neeka — 10/18/2018 10:22:45 PM

As long as they continue to update and improve their security apparatus, I'll continue to be a VISA customer. I just hope they never lose sight of the fact that they're here to serve their customers.................all of them. That is the secret to success.

[JakeStraw] Visa Expands Tokenization Partnership With Netflix to Improve Digital Payments E...

JakeStraw — 10/18/2018 8:13:59 AM

Visa Expands Tokenization Partnership With Netflix to Improve Digital Payments Experience Globally
investor.visa.com
With Netflix live in 19 countries, Visa Token Service partnership enhances focus towards ecosystem optimization to realize increased authorization rates and a frictionless payments experience

[JakeStraw] Visa and Postmates Deliver “Instant Deposits” to Postmates’ Fleet via Stripe Ins...

JakeStraw — 10/18/2018 8:12:53 AM

Visa and Postmates Deliver “Instant Deposits” to Postmates’ Fleet via Stripe Instant Payouts
investor.visa.com
As the on-demand economy continues to grow, Visa Direct, Visa’s push-to-card solution, helps offer flexibility and choice for workers to access funds earned in real-time