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The Latest Breaking News from Visa Inc

S&P 500 Sector Re-shuffling Likely To End Tech Dominance

S&P 500 will reclassify the sectors of some significant shares in 2023. Payment processing companies currently classified as tech firms would join the financial industry. Other tech names providing outsourcing or human resources support would come under industrial stocks. The dominance of tech stocks in the S&P 500 would likely shrink following…

How Is The Market Feeling About Visa Inc?

How Is The Market Feeling About Visa Inc?

Visa Inc's (NYSE:V) short percent of float has risen 4.97% since its last report. The company recently reported that it has 27.82 million shares sold short, which is 1.69% of all regular shares that are available for trading.

Payments Stocks Spike, This One May Have More Runway Left

Payments Stocks Spike, This One May Have More Runway Left

Shares of payments stocks Tuesday climbed, with Mastercard Inc (NYSE: MA) and PayPal Holdings Inc (NASDAQ: PYPL) rising more than 4% each, Visa Inc (NYSE:

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Analyzing Visa Inc's Short Interest

Visa Inc's (NYSE:V) short percent of float has risen 7.33% since its last report. The company recently reported that it has 26.55 million shares sold short, which is 1.61% of all regular shares that are available for trading.

Google Halts YouTube, Google Play Payment-Based Services In Russia

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube and Google Play store halted every payment-based service in Russia, including subscriptions, Reuters reports. Western sanctions have started to pose banking challenges in Russia. Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) blocked Russian banks from their networks following sanctions. Google and YouTube had recently stopped selling online advertising in Russia following Twitter Inc (NYSE:TWTR)…

Dollar General Plans New Customer Payment Methods; Tests 'Buy Now Pay Later' Option

Dollar General Corp (NYSE:DG) has introduced a series of new financial services aimed at increasing access to banking options and providing additional customer payment options. The new services include the Spendwell banking platform, a buy-now, pay-later test program with Sezzle, and new FIS Worldpay card reward points payment options. Through a partnership with InComm…

Visa Collaborates With Fintech Firm Tribal: Report

Leading payment processor Visa Inc (NYSE:V) collaborated with payment and financing firm Tribal, Reuters reports. Visa looks to expand its offerings for small-and-medium-sized businesses in Latin America and the Caribbean. The partnership would expand credit lines, update encryption and safety measures, and improve card distribution. Tribal backed by investors including SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF)…

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Amazon-Visa Finally Reach Settlement

Amazon-Visa Finally Reach Settlement

Amazon.com Inc (NASDAQ: AMZN) has agreed to accept Visa Inc's (NYSE: V) cards across its global network,

Discover Financial Services Targets Launch Of Cardless Payments In US

Discover Financial Services Targets Launch Of Cardless Payments In US

The Wall Street Journal reports that Discover Financial Services (NYSE: DFS) looks to launch cardless payments for U.S. merchants. DFS collaborated with fintech firm Buy It Mobility Networks Inc, whose technology allows consumers to pay directly from their checking accounts using merchants’ apps. BIM is betting that discounts will help sway shoppers. Merchants pay lower…

Facebook Parent Meta Falls Behind Nvidia

Facebook Parent Meta Falls Behind Nvidia

Meta Platforms Inc (NASDAQ:FB) continued its slide on February 8 and has now dropped so much in the past week that the company is worth less than chipmaker NVIDIA Corp (NASDAQ:NVDA), CNBC reports. Meta shares dropped 2.1% to close at $220.18 on Tuesday. The stock is down 35% this year and has reached its…

Looking Into Visa Inc's Recent Short Interest

Looking Into Visa Inc's Recent Short Interest

Visa Inc's (NYSE:V) short percent of float has risen 5.84% since last its last report. The company recently reported that it has 24.04 million shares sold short, which is 1.45% of all regular shares that are available for trading.

'Dogecoin Millionaire' Claims A Visa-Based Dogecard Is In The Works

'Dogecoin Millionaire' Claims A Visa-Based Dogecard Is In The Works

Dogecoin (CRYPTO: DOGE) millionaire Glauber Contessoto says a Visa Inc (NYSE: V)-based Dogecard will soon be unveiled.

Why Visa Shares Are Rising

Why Visa Shares Are Rising

Visa Inc (NYSE: V) shares are trading higher by 5.5% at $217.50 after the company reported better-than-expected first-quarter EPS and sales results. Visa beat estimated earnings by 6.47%, reporting an EPS of $1.81 versus an estimate of $1.7, which did not surprise analysts.

Analysts See Sharp Upside In Visa Post Q1 Results; Shares Pop

Analysts See Sharp Upside In Visa Post Q1 Results; Shares Pop

Analysts mostly hailed Visa Inc's (NYSE:V) Q1 FY22 results by raising their price targets on the stock. Raymond James analyst John Davis raised the price target to $281 from $265 (36.3% upside) and maintained an Outperform. Visa's Q1 print included better than expected results across the board as well as an increased FY22 outlook that should send…

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Stitch Fix Appoints Sachin Dhawan As Chief Technology Officer

Stitch Fix Inc (NASDAQ:SFIX) has appointed Sachin Dhawan as Chief Technology Officer effective today, January 24. He will report to CEO Elizabeth Spaulding. Dhawan joins Stitch Fix from Visa Inc (NYSE:V). Before Visa, Dhawan served as Chief Technology Officer at payments disruptor Blackhawk Network. “His roots in data science and personalization, combined with his experience…

Asharq Al-Awsat

Amazon Halts Ban on UK-Issued Visa Credit Cards

Amazon.com said on Monday it would not stop accepting UK-issued Visa Inc credit cards on its British website later this month as it had proposed, adding that it was working with Visa to resolve a dispute over payment fees. "The expected  change regarding  the use of  Visa credit cards  on Amazon.co.uk…

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