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INX:V, Jun 25, 06:38 UTC

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Friday, June 21


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Thursday, June 20


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Delivery startup Rappi partners with Visa to offer pre-paid cards in Brazil

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SAO PAULO (Reuters) - Delivery startup Rappi is partnering with Visa Inc to offer a prepaid card linked to its digital wallet in Brazil, expanding the product's rollout from Mexico and Colombia, where Rappi was founded, executives from the two companies told Reuters. The tie-up, the latest sign of intensifying competition between app-based wallets in Latin America's largest economy, will give Rappi customers a new way to pay using money saved to the app beyond its current QR code payment feature. "It is the first of many financial solutions we plan to offer to our users," Rappi co-founder in Brazil, Ricardo Bechara, said in an interview on Tuesday. Bechara did not specify what other services could be provided in the future. For the moment, he added, the company is focusing on rolling out the pre-paid card throughout Brazil.

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Wednesday, June 19


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Delivery startup Rappi partners with Visa to offer pre-paid cards in Brazil

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SAO PAULO (Reuters) - Delivery startup Rappi is partnering with Visa Inc to offer a prepaid card linked to its digital wallet in Brazil, expanding the product's rollout from Mexico and Colombia, where Rappi was founded, executives from the two companies told Reuters. The tie-up, the latest sign of intensifying competition between app-based wallets in Latin America's largest economy, will give Rappi customers a new way to pay using money saved to the app beyond its current QR code payment feature. "It is the first of many financial solutions we plan to offer to our users," Rappi co-founder in Brazil, Ricardo Bechara, said in an interview on Tuesday. Bechara did not specify what other services could be provided in the future. For the moment, he added, the company is focusing on rolling out the pre-paid card throughout Brazil.

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Tuesday, June 18


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There Are Really No Good Reasons to Keep Laying off Visa Stock

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The overall fundamental strength of the company has also been the catalyst behind the Visa stock returns. Source: Kārlis Dambrāns via Flickr. Earnings per share (EPS) also increased to $1.31, a 17% YoY increase. As a result of robust growth in payments volume, cross-border volume and processed transactions, the company also increased its outlook for the year. As one of the major credit and debit card processors, Visa has strong pricing power and a good profit margin that stands at over 54%. The most widely used transaction methods include contactless payments without entering the credit card PIN number at the point-of-sale or using a smartphone to pay a merchant or even a person such as a friend or family member, i.e., peer-to-peer (P2P) payments. If you are looking at ways to benefit from this trend, Visa may be a solid company to consider. The app has over 25 million users and is ahead of its closest competitors — Apple’s Pay Cash, Square’s Cash App, and Zelle, which is owned by Early Warning Services, a private fintech company. If there are mixed earnings reports or important news from Visa’s competitors hit the wires, there may be short-term volatility or decline in the stock. For example, if any of Visa peers were to issue an earnings warning, due to a potential slowdown in consumer spending in the U.S. or globally, then Visa shares could also be adversely affected in the near-term. However, Visa is a solid company with continued growth prospects in mobile payments. Therefore small price dips on daily headlines should not keep long-term investors up at night.

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What does Facebook’s crypto coin mean for Visa and Mastercard?

V MA +1 more V MA FB

Could Libra, the Facebook-led cryptocurrency finally announced today, disrupt Visa and Mastercard? On the surface, it sounds like the world’s dominant payment networks are in the crosshairs: The Libra Association, the non-profit, Facebook-led group of organizations behind the cryptocurrency, says it hopes to “create more access to better, cheaper, and open financial services.” Facebook founder Mark Zuckerberg has said sending money should be as easy to sending a photo. Visa stock has been on a tear, outperforming a broader index of financial company stocks, despite six months of news leaks about the radical new Facebook-led payment system. The social network’s shares, however, have rallied even more. But Visa and Mastercard are tough incumbents to dislodge.

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Visa, Mastercard, PayPal Join Facebook in Forming Crypto Effort

V MA +2 more V MA FB PYPL

(Bloomberg) -- If Facebook Inc.’s new digital currency goes according to plan, it could one day compete with payment giants Visa Inc., Mastercard Inc. and PayPal Holdings Inc. But for now, all three are set to work with the social-media company on the venture. “It’s not unusual for the incumbents -- Visa, Mastercard, PayPal -- to partner with a disruptor,” Harshita Rawat, an analyst at Sanford C. Bernstein, said in an interview. Still, the earlier payments companies come to the project, the more time they have to ensure their businesses don’t suffer. PayPal alone has spent billions of dollars buying or investing in potential partnerships as well as competitors. While PayPal hasn’t ventured into cryptocurrencies before, it was a proponent of the blockchain technology that will be used to build Libra.

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Visa Prevents Approximately $25 Billion in Fraud Using Artificial Intelligence

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SINGAPORE, June 18, 2019 /PRNewswire/ -- Visa Inc. (NYSE:V) today announced new analysis showing Visa Advanced Authorization (VAA) using artificial intelligence (AI) helped financial institutions prevent an estimated $25 billion in annual fraud making the global payment ecosystem safer for retailers and consumers. [i] 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. "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." For financial institutions, friction in the payment process can lead to the abandonment of a payment card.

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Monday, June 17


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

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Animation, Sound & Vibration – How Visa is Reinforcing Consumer Trust in a Changing Payments World. 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. With the growth of IoT and evolving consumer expectations, Visa’s sensory branding suite is strategically coming to life across the globe. 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.

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Visa Stock Remains a Buy, But Expectations Need to Be Lowered

V MA

The Visa stock price continues to stay elevated, at over 27-times forward earnings. Of the 40 largest U.S.-listed stocks by market capitalization, only Amazon (NASDAQ:AMZN) and rival Mastercard (NYSE:MA) sport higher valuations. And yet V stock certainly seems to merit a premium valuation. Does an investor follow the Warren Buffett maxim that it’s “far better to own a wonderful company at a fair price than a fair company at a wonderful price,” as I argued back in 2017? Or does valuation matter, particularly in a bull market seemingly running on fumes? InvestorPlace - Stock Market News, Stock Advice & Trading Tips. For now, Visa stock seems a worthwhile bet. But investors probably have to temper their expectations.

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Saturday, June 15


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India tops tech visa applications for UK: Report

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"Nigeria, Russia, Canada, Australia, China and South Africa also top the list for number of applications," it added. Tech Nation specifically endorses those applicants via the digital technology track, and receives approximately half of all Tier 1 visa applications. Each DCB is allocated 200 endorsement places per financial year, with the opportunity to draw upon a contingency pot of 1,000 additional places allocated by the Home Office in the event of unprecedented levels of incoming exceptional talent. As a result of the outstanding quality and demonstrable talent of applicants during the financial year 2018-2019, Tech Nation said it endorsed roughly half of the applications it received, and as a result exceeded its allocation of 200 endorsement places by roughly 63 per cent. The Tech Nation Visa has received over 1,650 applicants, with over 900 endorsed from more than 50 countries worldwide since 2014.

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