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Sen. Blumenthal asks Visa for records of its payments deal with Elon Musk's X
CNBC· 2025-03-07 15:00
Senator Richard Blumenthal, D-CT, speaks during a Senate Judiciary Committee hearing on the January 6th insurrection, in the Hart Senate Office Building on Capitol Hill in Washington, DC, March 2, 2021.Sen. Richard Blumenthal this week pressed Visa for detailed plans and documents related to its deal to provide payments services to Elon Musk's social media site, X, as it prepares to launch a digital wallet.Blumenthal, a Democrat from Connecticut and the ranking member of the Senate's Permanent Subcommittee ...
Visa and Mastercard Accused of Card Monopoly by UK Watchdog
PYMNTS.com· 2025-03-06 14:41
Visa and Mastercard face regulatory action in the United Kingdom following a payments watchdog’s investigation.The Payment Systems Regulator (PSR) is considering “remedies” for the two companies after uncovering a lack of competition in the card payment market, according to a Thursday (March 6) press release.“Cards are a popular and convenient way to make payments in the U.K., so any issues in the card market can have a negative impact on … businesses and ultimately consumers,” PSR Managing Director David G ...
Prediction: Visa Will Beat the Market. Here's Why.
The Motley Fool· 2025-03-06 00:00
Core Insights - The Motley Fool aims to enhance the financial literacy and well-being of individuals by providing investment solutions and market analysis [1] Company Overview - Founded in 1993, The Motley Fool is a financial services company focused on making the world smarter, happier, and richer [1] - The company reaches millions of people monthly through various platforms, including premium investing solutions, free guidance, and market analysis on Fool.com [1] - The Motley Fool also produces top-rated podcasts and operates a non-profit organization, The Motley Fool Foundation [1]
Visa Offers Mobile Commercial Payments Tool to Emirates NBD
PYMNTS.com· 2025-03-05 18:10
Group 1 - Visa has partnered with Emirates NBD to launch a commercial payment solution, making Emirates NBD the first bank in the UAE to offer Visa's Commercial Pay Mobile module for small business and corporate clients [1] - This initiative aligns with the UAE government's vision of digitizing payments, enhancing payment efficiencies through security, automation, and reconciliation via tokenized credentials [2] - Visa Commercial Pay Mobile allows corporate clients and small businesses to manage expenses by enabling employees to make payments using Visa virtual cards on mobile devices through digital wallets [3] Group 2 - The partnership aims to revolutionize payments on card rails, driving working capital benefits and tokenized solutions through secure channels, while providing insights for real-time decision making and business planning [4] - The digital flow from card design to issuance to use supports new payment experiences, allowing banks and brands to shorten the time to market for new card products [5] - Among middle-market companies, 56% of executives view flexible working capital solutions like virtual cards as essential for managing cash flow, yet only 3.3% of these firms in North America currently utilize virtual cards [6]
Visa Vs. Mastercard: The Bargain Window Has Closed
Seeking Alpha· 2025-03-05 12:32
Core Insights - The article emphasizes the importance of dividend investing as a pathway to financial freedom, highlighting its accessibility and potential for steady income [1]. Group 1: Author's Background and Expertise - The author has 10 years of experience in investment banking, specializing in M&A and business valuation, which includes evaluating numerous businesses and facilitating buy-side and sell-side transactions [1]. - The author's daily activities involve financial modeling, conducting commercial and financial due diligence, negotiating deal terms, and advising clients across various sectors such as tech, real estate, software, finance, and consumer staples [1]. Group 2: Investment Philosophy - The author believes that dividend investing is a straightforward and accessible method for individuals to work towards achieving financial freedom [1]. - The motivation for sharing insights on dividend investing stems from a desire to deepen personal knowledge and assist others in their financial journeys, promoting a collaborative learning environment [1].
Visa's Growth Accelerates With Rising Tap To Phone Adoption
ZACKS· 2025-03-04 18:20
Visa Inc. (V) recently announced that Tap to Phone witnessed 200% growth in the past year. The United States, UK and Brazil witnessed a combined adoption rate of 234%. In a world where convenience and efficiency are paramount, Visa’s Tap to Phone technology is revolutionizing digital payments. This technology is enabling millions of businesses, from major retailers to small market vendors, to accept payments seamlessly using just their smartphones.Tap to Phone eliminates the need for traditional POS hardwar ...
Why Visa & PayPal are Must-Buy Stocks in Apple's Cashless Revolution
ZACKS· 2025-03-04 14:15
The world is moving toward a cashless future, and Apple Inc. (AAPL) is at the forefront of this transformation. With Apple Pay and Apple Card becoming integral parts of its ecosystem, digital transactions are accelerating at an unprecedented pace. This presents a golden opportunity for investors to capitalize on the growth of digital payments.Two companies that stand to benefit immensely from Apple’s digital push are Visa Inc. (V) and PayPal Holdings, Inc. (PYPL) . As Apple fuels the adoption of mobile wall ...
Fintech Cadence and Visa join forces to support payment innovation in Canada
GlobeNewswire News Room· 2025-03-04 13:07
Core Insights - Fintech Cadence and Visa have announced a collaboration aimed at fostering fintech innovation in Canada, particularly in the payment and remittance sectors [1][2][3] - The partnership will include curated programming, events, and educational initiatives to support the development of Canadian fintech companies [1][4] Company Overview - Fintech Cadence is Canada's largest fintech incubator, established in 2017, focusing on raising awareness, supporting early-stage startups, and connecting fintechs with the financial industry [3][5] - Visa collaborates with over 2,000 fintechs globally to address challenges in payments and provide expertise in digital commerce [2] Event Details - Visa will be a Champion Sponsor of the 2025 Fintech Drinks Series, with the first event scheduled for March 26, 2025, in Montreal, followed by events in Halifax, Calgary, Toronto, and Montreal later in the year [4]
2 overvalued stocks to avoid buying now
Finbold· 2025-03-01 13:41
Group 1: Market Overview - The stock market is currently experiencing volatility, with major equities facing notable sell-offs, presenting potential buying opportunities but not all stocks are ideal for investment due to valuation concerns [1] Group 2: VeriSign (NASDAQ: VRSN) - VeriSign is showing signs of overvaluation, trading at $237.88 with a P/E ratio of 29.73, which is high given its modest EPS growth of +1.12% [2][3] - The company's revenue growth over the past three years has been modest at 5.7% CAGR, and billings have only increased by 4.5% year-over-year on average over the last four quarters, indicating struggles with customer acquisition and retention [3] - VeriSign reported $1.56 billion in revenue for 2024, a 4.3% increase from 2023, with operating income rising to $1.06 billion [4] - The company experienced a 2.1% year-over-year decline in .com/.net registrations in the last quarter of 2024, which could signal headwinds for future growth [4] - Despite these fundamentals, high-profile investors like Warren Buffett have shown interest in VeriSign, with the stock up over 15% year-to-date [5] Group 3: Visa (NYSE: V) - Visa is also considered overvalued, with a P/E ratio of 37.05, despite reporting positive EPS growth of 14.45% [7] - The company faces challenges such as rising operating expenses, which increased by 11.7% in 2023 and 10.8% in 2024, and client incentives that reduced revenue by 19.4% and 11.9% year-over-year [8] - Visa is dealing with legal challenges, including a U.S. antitrust lawsuit and potential fee caps in the U.K., which could disrupt its market position [9] - Some analysts maintain an optimistic outlook for Visa, with TD Cowen raising the price target to $382 and BMO Capital Markets reaffirming an 'Outperform' rating with a $370 target [10] - As of the latest trading session, Visa was valued at $362.71, reflecting a 15% year-to-date growth [11]
Commerce Secretary Howard Lutnick attempts to calm concerns over Trump's 'gold card' visa pitch
Fox Business· 2025-02-27 00:51
Commerce Secretary Howard Lutnick responded to coverage of President Donald Trump's new "gold card" visa proposal, assuring Americans that applicants would be "vetted" and "bring entrepreneurial spirit, capacity and growth to America." "We said that from the first minute, go — these are vetted people," Lutnick said during an exclusive interview Wednesday on "Special Report." "These are going to be great global citizens who are going to bring entrepreneurial spirit, capacity and growth to America. If one of ...