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INX:V, Mar 18, 04:52 UTC

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Visa announces special offers for cardholders spending at the new Hudson Yards complex

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Visa Inc. said Monday that it will offer specials to cardholders who spend at the new Hudson Yards complex on New York City's west side. Hudson Yards includes a shopping and restaurant destination as well as other amenities. Launch promotions include access to a "secret menu" at the Fuku restaurant, and a private tour of the Hudson Yards Gallery. Visa cardholders can take their card to donate to Women's World Banking, which benefits low-income women entrepreneurs.

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Tap into Hudson Yards with Visa

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Today, Visa (NYSE:V) celebrates the opening of Hudson Yards, New York’s newest neighborhood that merges the best in culture and commerce at a must-see destination. As the Official Payment Technology Partner at Hudson Yards, Visa plans to offer Visa cardholders exclusive access to on-property experiential, retail and dining experiences. Visa will offer visitors the ability to experience the speed, convenience and security of contactless technology that can be used to tap to pay; Visa will also leverage its sponsorship of Hudson Yards to continue its support of female entrepreneurs by providing an on-site installation where visitors will be able to donate to various female-focused charities, including Women’s World Banking. “Hudson Yards is an exciting new opportunity to show domestic and international audiences the best of Visa, from payments to purpose,” said Mary Ann Reilly, Senior Vice President North America Marketing, Visa. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit https://usa.visa.com/aboutvisa/our_business.html, visacorporate.tumblr.com and @VisaNews.

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Thursday, March 14


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U.S. considers sanctions to restrict Visa, Mastercard in Venezuela: official

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WASHINGTON (Reuters) - The United States is considering imposing financial sanctions that could prohibit Visa Inc , Mastercard Inc and other financial institutions from processing transactions in Venezuela, a senior Trump administration official said on Thursday. The sanctions would be targeted at the elite and groups loyal to Maduro, including members of the military, armed gangs and Cubans operating in Venezuela, while aiming to spare ordinary Venezuelans. "The purpose of these sanctions is to continue to deprive the illegitimate Maduro regime of access to funds and deny their ability to continue stealing from the Venezuelan people," the official said. The potential financial sanctions are modeled after similar ones imposed by the Trump's administration on Iran, North Korea, Syria and, to a lesser extent, Russia, the official said.

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Wedbush Incrementally Bullish On MasterCard, Visa

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Wedbush is bullish on Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) after the credit card networks' quarterly reports. Wedbush's Moshe Katri maintained an Outperform on Visa with a price target lifted from $150 to $162. Visa has multiple growth and scale catalysts as it exits its first-quarter report, including the rise of electronic payments at the expense of cash and checks; favorable European regulations; volume growth from mobile payments; and ACH-based revenue growth opportunities, according to Wedbush. Mastercard similarly reported a top-and-bottom-line beat in a fourth-quarter print highlighted by 15-percent year-over-year revenue growth, 15-percent incentive growth, 15-percent growth in domestic assessments and 13-percent growth in cross-border volume fees, Katri said in a Thursday note.

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U.S. considering sanctions to restrict Visa, Mastercard in Venezuela -official

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U.S. considering sanctions to restrict Visa, Mastercard in Venezuela -official. WASHINGTON (Reuters) - The United States is considering imposing financial sanctions that could prohibit Visa, Mastercard and other financial institutions from processing transactions in Venezuela, a senior Trump administration official said on Thursday. "The purpose of these sanctions is to continue to deprive the illegitimate Maduro regime of access to funds and deny their ability to continue stealing from the Venezuelan people," the official said. The administration of President Donald Trump has hit Maduro's government, his political allies and Venezuela's state-owned oil company PDVSA with a series of sanctions since recognising opposition leader Juan Guaido as the country's interim president at the end of January, and has threatened further measures.

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Visa's stock rallies after Wedbush boosts price target

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Shares of Visa Inc. rose 1.2% in afternoon trade Thursday, after Wedbush analyst Moshe Katri got a little more bullish on the credit card and payments company, citing a "host" of growth and scale catalysts. The catalysts he expects include the "disintermediation of cash/checks by electronic payments," increasing revenue opportunities from European regulations, "hyper-growth" in mobile payments, networks' increased dominance in the payments ecosystem and automatic clearing house-related revenue growth opportunities. Katri also reiterated his outperform rating Mastercard Inc. and listed his stock price target to $235 from $220. Over the past 12 months, Visa shares have soared 25.8%, Mastercard shares have run up 27.5% and the Dow Jones Industrial Average has advanced 3.8%.

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Is Visa Stock Worth a Look After Setting a New All-Time High?

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Companies like Visa (NYSE:V), Mastercard (NYSE:MA) and Square (NYSE:SQ) rarely come under fire from negative outlooks, so they make for strong bets on the upside potential of equity markets. Source: Kārlis Dambrāns via Flickr. Fintech offers the best of both words in the financial sector: They are prone to rallies and not considered dead money like bank stocks. When it comes to Visa stock specifically, it rallies similar to the Nasdaq Invesco QQQ Trust (NASDAQ:QQQ) and outperforms the Financial Select Sector SPDR ETF (NYSEARCA:XLF). In fact, yesterday, it set a new all-time high while the S&P 500 is still struggling to breach last year’s neckline battle zones. Over the span of years, I don’t need to be surgical with my entry points. If the stock market is higher later, then so is Visa. For that purpose, even though V stockis at all-time highs, it is not expensive.

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The Visa Stock Upside Is Small and Getting Smaller

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That release showed EPS ahead of expectations by a few cents, along with a revenue beat. But the big driver for the stock has simply been the improving economic outlook and hopes for higher earnings as Visa raises merchant fees yet again. “While no other Kroger banners are presently affected by this announcement, Kroger continues to explore options to reduce the cost of accepting credit cards in order to keep prices low for customers,” Kroger said in a statement. “Visa has been misusing its position and charging retailers excessive fees for a long time […] They conceal from customers what Visa and its banks charge retailers to accept Visa credit cards. I doubt Visa stock is going back under 20x earnings anytime soon, more market participants have discovered how great a company Visa is. But 25x earnings is certainly a realistic target when the market rolls over.

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Wednesday, March 13


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The Zacks Analyst Blog Highlights: Visa, Honeywell, Biogen, Humana and EOG Resources

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Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Visa V, Honeywell HON, Biogen BIIB, Humana HUM and EOG Resources EOG. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. The Zacks analyst thinks numerous strategic acquisitions and alliances, technology upgrades and effective marketing have paved the way for long-term growth and consistent increase in revenues.

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Friday, March 08


News

Visa and PayActiv Collaborate for Real-Time Access to Wages

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With the rise in demand for a quick access to earned funds and evolving customer expectations, this has now advanced to traditional batch payroll.Now PayActiv partner businesses can offer real-time deposit facilities of earned funds by using Visa Direct’s real-time push payments platform. Gig economy workers, who expect fast payment are gaining from this transaction.Employers now have access to PayActiv’s on-demand payroll program, which allows them to implement solutions at meager costs. The money is available in real time via a Visa debit or reloadable prepaid card, which also includes the new PayActiv Visa Prepaid Card.With this deal, Visa Direct is supporting a fundamental shift in how employees access the remuneration they have already earned by offering a wide array of choices to employers and workers.Visa should gain from this deal as the growing gig economy would drive demand for this newly launched service. We strongly believe, the company will retain its revenue momentum in the coming quarters on the back of a strong market position and attractive core business that continues to be driven by new deals, renewed agreements, accretiveacquisitions, increasing spending via cards, shift to digital form of payments and expansion of service offerings.Shares of this Zacks Rank #3 (Hold) company have rallied 17.9% in a year’s time, outperforming its industry’s growth of 11%.

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