UOB Tokenization
Singapore-based United Overseas Bank (UOB) has become the first bank in Asia-Pacific region to implement the Visa Token Service. The bank is integrating the Visa Token Service as part of its digital wallet UOB Mighty.
Visa Q3/15
Visa’s profits are soaring and the deal to acquire Visa Europe looks like it will happen this week for US$22 billion. Third quarter net income jumped 41% year-on-year (YOY) to $1.5 billion.
PowaPOS T25
Powa Technologies unveils its partnership with Canada’s leading independent Canadian payment processor, CT-Payment. The PowaPOS T25 is being introduced to the CT-Payment’s ISO and software developer partners as a preferred tablet-based POS platform for meeting the growing demand from their retail clients.
Visa India
Visa announced the opening of a new technology development center in Bangalore, India, that will play a central role in the company’s efforts to accelerate digital commerce globally.
Visa Q2/15
Visa’s profits are soaring and the deal to acquire Visa Europe looks like it will happen by the end of the year. Second quarter adjusted net income jumped 33% year-on-year (YOY) to $1.8 billion. Visa says it is targeting to resolve these Visa Europe discussions by the end of October.
Visa Board
The Visa Board of Directors elected Lloyd Carney as a new independent director. Mr. Carney will also serve as a member of the Board’s Audit and Risk Committee.
Visa P/L FC
Visa’s quarterly net income is projected to slow for this year and hover at the $1.5 billion mark in the fourth quarter and the first quarter of 2016. Forecaster RAM Research predicts Visa net income for the first quarter will be $1504 million, due to the continued strengthening of the U.S. dollar.
Visa Q1/15
Visa (VS) first quarter profits declined 3.0% year-on-year (YOY) or 0.5% on a currency adjusted basis (FX) to $1550 million. Global purchase volume rose 11% (FX) to $1.3 trillion and total transactions processed, by VisaNet, were 17.5 billion, an 11% increase over the prior year.
US V+M Q1 GDV
U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) will likely $473 billion in the first quarter. VS + MC debit card GDV will likely rise to $621 billion in Q1 says CardData
VS AVG US TIX
Visa’s average ticket (TIX) per point-of-sale (POS) purchase has been rock solid for the past five years. According to CardData, the Visa average TIX for full-year 2014 for credit cards is $84.18 and $37.57 for debit cards, down 60 cents and up 48 cents respectively, compared to 2010.
US V+M Q1 CC GDV
U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) will likely come in at $470 billion in the first quarter. Visa has posted strong double-digit gains in U.S. GDV and about double the growth rate of MasterCard.
US V+M CC Q4 GDV
U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) hit $507 billion in the fourth quarter. For the fourth quarter VS and MC domestic credit card GDV grew 15.5%, strongly driven by Visa.