fareastwarriors Posted February 4, 2020 Share Posted February 4, 2020 Visa Is Planning the Biggest Changes to Swipe Fees in a Decade Rates will be lower for some businesses, including real estate Merchants pay more than $100 billion a year in such fees https://www.bloomberg.com/news/articles/2020-02-04/visa-is-planning-the-biggest-changes-to-swipe-fees-in-a-decade?srnd=premium Link to comment Share on other sites More sharing options...
Liberty Posted February 11, 2020 Share Posted February 11, 2020 Good threads with highlights from Visa's investor day (only happens every three years): Link to comment Share on other sites More sharing options...
LC Posted February 11, 2020 Share Posted February 11, 2020 Thanks for posting. Link to comment Share on other sites More sharing options...
Liberty Posted February 16, 2020 Share Posted February 16, 2020 https://www.wsj.com/articles/dont-discount-visa-11581676213 Link to comment Share on other sites More sharing options...
fareastwarriors Posted March 12, 2020 Share Posted March 12, 2020 https://www.wsj.com/articles/dont-discount-visa-11581676213 What did it say? Anything interesting? Link to comment Share on other sites More sharing options...
orthopa Posted March 12, 2020 Share Posted March 12, 2020 I really hope management for V and MA have not panicked and stopped buying back stock. Link to comment Share on other sites More sharing options...
valueinvesting101 Posted March 12, 2020 Share Posted March 12, 2020 Visa market cap is higher than all the banks in US. Visa was created by BOA and then all banks joined the platform. At some point all the banks would be interested in coming together to cut into Visa's margin by launching similar entity owned by bunch of banks together. They don't even need to build full fledge competitor but movement in that direction would be good enough to cut into Visa's margins. Something on similar lines has happened against Bloomberg due to its pricing power. For Visa alternative could also come from regulatory forces in Asia which would be growth market in the long run. Rupay card in India has already captured sizeable market in terms of card issued. Something similar could also be there for China/Europe as well. Link to comment Share on other sites More sharing options...
orthopa Posted April 15, 2020 Share Posted April 15, 2020 https://www.marketwatch.com/story/the-credit-card-giants-viewed-as-the-two-best-companies-in-the-world-face-increasing-skepticism-amid-covid-19-2020-04-15?mod=mw_latestnews I hope for a long term down trend in price for these two come. Would allow more time to add and for the companies to buy back stock. Historically they have been stuck buying back at a very high multiple. Will help these 2 compound even more. Link to comment Share on other sites More sharing options...
Liberty Posted April 15, 2020 Share Posted April 15, 2020 Visa market cap is higher than all the banks in US. Visa was created by BOA and then all banks joined the platform. At some point all the banks would be interested in coming together to cut into Visa's margin by launching similar entity owned by bunch of banks together. They don't even need to build full fledge competitor but movement in that direction would be good enough to cut into Visa's margins. Something on similar lines has happened against Bloomberg due to its pricing power. For Visa alternative could also come from regulatory forces in Asia which would be growth market in the long run. Rupay card in India has already captured sizeable market in terms of card issued. Something similar could also be there for China/Europe as well. That boat has sailed decades ago. Not going to happen, not from the banks anyway. Link to comment Share on other sites More sharing options...
CorpRaider Posted April 15, 2020 Share Posted April 15, 2020 Visa market cap is higher than all the banks in US. Visa was created by BOA and then all banks joined the platform. At some point all the banks would be interested in coming together to cut into Visa's margin by launching similar entity owned by bunch of banks together. They don't even need to build full fledge competitor but movement in that direction would be good enough to cut into Visa's margins. Something on similar lines has happened against Bloomberg due to its pricing power. For Visa alternative could also come from regulatory forces in Asia which would be growth market in the long run. Rupay card in India has already captured sizeable market in terms of card issued. Something similar could also be there for China/Europe as well. Like Zelle? Link to comment Share on other sites More sharing options...
Liberty Posted April 30, 2020 Share Posted April 30, 2020 Visa Q1 (fiscal Q2): https://s1.q4cdn.com/050606653/files/doc_financials/2020/q2/Visa-Inc.-Q2-2020-Financial-Results.pdf https://s1.q4cdn.com/050606653/files/doc_financials/2020/q2/Visa-Inc.-Q2-2020-Financial-Results-Presentation.pdf Link to comment Share on other sites More sharing options...
Spekulatius Posted April 30, 2020 Share Posted April 30, 2020 Visa Q1 (fiscal Q2): https://s1.q4cdn.com/050606653/files/doc_financials/2020/q2/Visa-Inc.-Q2-2020-Financial-Results.pdf https://s1.q4cdn.com/050606653/files/doc_financials/2020/q2/Visa-Inc.-Q2-2020-Financial-Results-Presentation.pdf One of the very few companies buying back shares at the moment. Link to comment Share on other sites More sharing options...
Liberty Posted July 22, 2020 Share Posted July 22, 2020 https://usa.visa.com/visa-everywhere/blog/bdp/2020/07/21/advancing-our-approach-1595302085970.html Visa on its digital currency approach (stablecoins, linking with wallets, etc -- "Consumers and businesses are also adopting digital currencies and circulation is growing rapidly, reaching over $10B in May"). Link to comment Share on other sites More sharing options...
fareastwarriors Posted July 25, 2020 Share Posted July 25, 2020 Visa, Mastercard Debit Fees Are Hurting Retailers, Sen. Richard Durbin Says Senator alleges big networks and issuers are making it hard for merchants to use cheaper card networks https://www.wsj.com/articles/visa-mastercard-debit-fees-are-hurting-retailers-sen-richard-durbin-says-11595669401 Link to comment Share on other sites More sharing options...
Liberty Posted July 28, 2020 Share Posted July 28, 2020 Fiscal Q3: https://s1.q4cdn.com/050606653/files/doc_financials/2020/q3/Visa-Inc.-Q3-2020-Earnings-Release.pdf https://s1.q4cdn.com/050606653/files/doc_financials/2020/q3/Visa-Inc.-Q3-2020-Financial-Results-Presentation.pdf Link to comment Share on other sites More sharing options...
Liberty Posted September 10, 2020 Share Posted September 10, 2020 https://www.businesswire.com/news/home/20200910005248/en/ Expanding partnership with Paypal Link to comment Share on other sites More sharing options...
Liberty Posted October 16, 2020 Share Posted October 16, 2020 https://www.barrons.com/articles/visa-hikes-fees-as-analysts-get-more-bullish-on-payment-stocks-51602775286 Link to comment Share on other sites More sharing options...
Liberty Posted October 21, 2020 Share Posted October 21, 2020 Cool stuff: https://www.businesswire.com/news/home/20201021005235/en/Visa-Tap-to-Phone-Transforms-Payment-Acceptance-for-Sellers-Worldwide Tap to Phone transforms current generation Android smartphones or tablets into contactless, or tap to pay, software-based point of sale (softPOS) terminals without additional hardware. Link to comment Share on other sites More sharing options...
Liberty Posted October 27, 2020 Share Posted October 27, 2020 https://www.wsj.com/articles/visas-planned-purchase-of-plaid-faces-antitrust-scrutiny-at-the-justice-department-11603819000 Link to comment Share on other sites More sharing options...
Liberty Posted October 28, 2020 Share Posted October 28, 2020 New fintech acquisition for Visa: https://investor.visa.com/news/news-details/2020/Visa-to-Acquire-YellowPepper/default.aspx Link to comment Share on other sites More sharing options...
Liberty Posted October 28, 2020 Share Posted October 28, 2020 Q3: https://s1.q4cdn.com/050606653/files/doc_financials/2020/q3/Visa-Inc.-Q3-2020-Financial-Results-Presentation.pdf Link to comment Share on other sites More sharing options...
Spekulatius Posted October 30, 2020 Share Posted October 30, 2020 Q3: https://s1.q4cdn.com/050606653/files/doc_financials/2020/q3/Visa-Inc.-Q3-2020-Financial-Results-Presentation.pdf The dirty little secret of V and MA is how depended on cross border revenues these entities are. Those cross border revenues are way higher than the 0.2-0.3% charge for a same currency transaction. With travel being impacted more and way into 2021 apparently, these cross border revenues are late to recover, hence he downward revision for 2021 earnings for these entities. I think over the long run, these cross border fees will have to drop. Link to comment Share on other sites More sharing options...
orthopa Posted October 30, 2020 Share Posted October 30, 2020 Q3: https://s1.q4cdn.com/050606653/files/doc_financials/2020/q3/Visa-Inc.-Q3-2020-Financial-Results-Presentation.pdf The dirty little secret of V and MA is how depended on cross border revenues these entities are. Those cross border revenues are way higher than the 0.2-0.3% charge for a same currency transaction. With travel being impacted more and way into 2021 apparently, these cross border revenues are late to recover, hence he downward revision for 2021 earnings for these entities. I think over the long run, these cross border fees will have to drop. Is that not the convenience fee for the trust of being able to have your customer use a credit card with sensitive information in a foreign place? Who is going to move in to lower the fees and provide the same level of security and convenience? 98.5% of a purchase is worth way more then 0% to a POS holder. Link to comment Share on other sites More sharing options...
chrispy Posted October 30, 2020 Share Posted October 30, 2020 The depressed cross border transactions also means there should be little incentive to dispute them or change the model Link to comment Share on other sites More sharing options...
Liberty Posted November 5, 2020 Share Posted November 5, 2020 https://www.bloomberg.com/news/articles/2020-11-05/visa-said-to-face-u-s-antitrust-suit-over-plaid-acquisition Lawsuit filing: https://www.bloomberglaw.com/public/desktop/document/vVisaIncetalDocketNo320cv07810NDCalNov052020CourtDocket?1604591040 Link to comment Share on other sites More sharing options...
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