Research archive for V

Visa had numbers after hours, a one cent (penny) beat in earnings, and also beat on the top line. Follow the link to their results: Visa Inc. Posts Strong Fiscal Fourth Quarter and Full-Year 2010 Earnings Results and Authorizes New $1 Billion Share Repurchase Plan. Quite simply, More folks using their Visa cards to process payments. Soon the Fed will have to print plastic (ha-ha). The overall transaction increase (more swipes) increased by 16 percent. And the company are proceeding down the road of buying back as much as a billion Dollars worth of stock, as well as boosting the quarterly dividend by 20 percent. Nice.

Rotten luck. Visa and MasterCard were slapped with a new set of rules, out of the blue really. Limits for both the companies which also included limits on their debit card fees. From the brave senators of course, perhaps they all carry cheque books and are scared of technology. Interestingly Visa and MasterCard hit back and said that this would do little for the consumer and would actually benefit the retailers. No really, back to cheques. Check it out: Visa, MasterCard Fall on Vote Curbing Debit-Card Fees. Visa at least is a more global business, MasterCard is less so.

Visa made an offer to the shareholders of Cybersource, that stock up 32 percent. From the Visa website Visa to acquire Cybersource to accelerate eCommerce growth. Because more people are going to want payment solutions on the interwebs. And Visa is well placed to deal with that.