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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt No Debt
V's Cash to Debt is ranked higher than
99% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.14 vs. V: No Debt )
V' s 10-Year Cash to Debt Range
Min: 1.64   Max: No Debt
Current: No Debt

Equity to Asset 0.113
V's Equity to Asset is ranked lower than
69% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.16 vs. V: 0.113 )
V' s 10-Year Equity to Asset Range
Min: -0.23   Max: 0.2
Current: 0.11

-0.23
0.2
Interest Coverage No Debt
V's Interest Coverage is ranked lower than
71% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 10000.00 vs. V: No Debt )
V' s 10-Year Interest Coverage Range
Min: 8   Max: No Debt
Current: No Debt

F-Score: 4
Z-Score: 11.45
M-Score: -0.69
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 20.50
V's Operating margin (%) is ranked higher than
87% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 28.70 vs. V: 20.50 )
V' s 10-Year Operating margin (%) Range
Min: -71.6   Max: 59.4
Current: 20.5

-71.6
59.4
Net-margin (%) 20.6
V's Net-margin (%) is ranked higher than
91% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 18.90 vs. V: 20.6 )
V' s 10-Year Net-margin (%) Range
Min: -44.7   Max: 39.7
Current: 20.6

-44.7
39.7
ROE (%) 7.8
V's ROE (%) is ranked higher than
87% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 11.80 vs. V: 7.8 )
V' s 10-Year ROE (%) Range
Min: 3.8   Max: 285.7
Current: 7.8

3.8
285.7
ROA (%) 5.4
V's ROA (%) is ranked higher than
94% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 2.20 vs. V: 5.4 )
V' s 10-Year ROA (%) Range
Min: -46.5   Max: 15.3
Current: 5.4

-46.5
15.3
ROC (Joel Greenblatt) (%) 80.70
V's ROC (Joel Greenblatt) (%) is ranked higher than
79% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 44.40 vs. V: 80.70 )
V' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 80.7   Max: 2516.7
Current: 80.7

80.7
2516.7
Revenue Growth (%) 26.5
V's Revenue Growth (%) is ranked lower than
90% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 1.90 vs. V: 26.5 )
V' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 30.4
Current: 26.5

0
30.4
EBITDA Growth (%) 2.8
V's EBITDA Growth (%) is ranked lower than
90% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 6.70 vs. V: 2.8 )
V' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 28.9
Current: 2.8

0
28.9
EPS Growth (%) 11.6
V's EPS Growth (%) is ranked higher than
65% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 6.00 vs. V: 11.6 )
V' s 10-Year EPS Growth (%) Range
Min: 0   Max: 52.3
Current: 11.6

0
52.3
ยป V's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2012

V Guru Trades in Q2 2012

Lee Ainslie 966,275 sh (New)
Ken Fisher 3,269,071 sh (+174717%)
Andreas Halvorsen 4,906,900 sh (+960.72%)
Ken Heebner 305,000 sh (+158.47%)
Chuck Akre 372,430 sh (+24.14%)
Tom Russo 96,032 sh (+13.94%)
Chase Coleman 3,046,000 sh (+12.61%)
Pioneer Investments 4,908 sh (+10.09%)
Jeremy Grantham 3,182,600 sh (+8.3%)
Bruce Kovner 52,640 sh (+3.22%)
Ruane Cunniff 1,271,264 sh (+0.68%)
Jean-Marie Eveillard 1,000,117 sh (+0.49%)
John Keeley 3,465 sh (unchged)
Tom Gayner 96,100 sh (unchged)
Jeff Auxier 12,890 sh (unchged)
Joel Greenblatt Sold Out
Ron Baron 21,252 sh (-0.24%)
Chris Davis 2,241,180 sh (-0.59%)
Murray Stahl 290,187 sh (-1.84%)
Frank Sands 14,093,502 sh (-1.94%)
PRIMECAP Management 5,297,787 sh (-2.79%)
Mario Gabelli 35,474 sh (-3.86%)
Glenn Greenberg 234,742 sh (-13.41%)
Julian Robertson 143,752 sh (-15.22%)
Paul Tudor Jones 1,900 sh (-17.39%)
David Rolfe 478,171 sh (-19.89%)
Warren Buffett 2,079,659 sh (-27.41%)
Steve Mandel 3,292,401 sh (-27.42%)
Steven Cohen 393,924 sh (-34.63%)
MS Global Franchise Fund 51,019 sh (-37.04%)
Mark Hillman 2,251 sh (-54.53%)
Louis Moore Bacon 7,500 sh (-81.93%)
Manning & Napier Advisors, Inc 72,740 sh (-97.05%)
» More
Q3 2012

V Guru Trades in Q3 2012

John Hussman 150,000 sh (New)
Steven Cohen 629,466 sh (+59.79%)
Ken Fisher 4,814,801 sh (+47.28%)
MS Global Franchise Fund 62,406 sh (+22.32%)
Paul Tudor Jones 2,200 sh (+15.79%)
David Rolfe 525,868 sh (+9.97%)
Julian Robertson 155,852 sh (+8.42%)
Andreas Halvorsen 5,310,200 sh (+8.22%)
Tom Gayner 101,100 sh (+5.2%)
Tom Russo 97,037 sh (+1.05%)
Jean-Marie Eveillard 1,005,117 sh (+0.5%)
John Keeley 3,465 sh (unchged)
Jeff Auxier 12,890 sh (unchged)
Chuck Akre 372,430 sh (unchged)
Mark Hillman Sold Out
Glenn Greenberg Sold Out
Louis Moore Bacon Sold Out
Manning & Napier Advisors, Inc Sold Out
Ruane Cunniff 1,269,230 sh (-0.16%)
Ron Baron 21,102 sh (-0.71%)
Chris Davis 2,221,045 sh (-0.9%)
Bruce Kovner 51,765 sh (-1.66%)
PRIMECAP Management 5,204,787 sh (-1.76%)
Frank Sands 13,773,824 sh (-2.27%)
Lee Ainslie 922,365 sh (-4.54%)
Chase Coleman 2,811,000 sh (-7.72%)
Jeremy Grantham 2,850,821 sh (-10.42%)
Steve Mandel 2,907,401 sh (-11.69%)
Mario Gabelli 30,914 sh (-12.85%)
Warren Buffett 1,555,459 sh (-25.21%)
Ken Heebner 212,000 sh (-30.49%)
Pioneer Investments 2,250 sh (-54.16%)
Murray Stahl 100,688 sh (-65.3%)
» More
Q4 2012

V Guru Trades in Q4 2012

Bill Frels 1,333 sh (New)
Jim Chanos 55,500 sh (New)
Pioneer Investments 357,847 sh (+15804.3%)
Bruce Kovner 110,983 sh (+114.4%)
MS Global Franchise Fund 69,597 sh (+11.52%)
Ron Baron 23,005 sh (+9.02%)
Tom Russo 102,827 sh (+5.97%)
David Rolfe 546,634 sh (+3.95%)
Ken Fisher 4,853,852 sh (+0.81%)
Jean-Marie Eveillard 1,012,417 sh (+0.73%)
Tom Gayner 101,100 sh (unchged)
Warren Buffett 1,555,459 sh (unchged)
Chuck Akre 372,430 sh (unchged)
Jeff Auxier 12,890 sh (unchged)
Jeremy Grantham 2,301,275 sh (unchged)
Paul Tudor Jones Sold Out
PRIMECAP Management 5,039,687 sh (-3.17%)
Mario Gabelli 29,914 sh (-3.23%)
Frank Sands 13,282,579 sh (-3.57%)
Ken Heebner 202,000 sh (-4.72%)
Murray Stahl 95,519 sh (-5.13%)
Chris Davis 2,106,720 sh (-5.15%)
Ruane Cunniff 1,147,492 sh (-9.59%)
John Keeley 2,965 sh (-14.43%)
Julian Robertson 129,000 sh (-17.23%)
Steve Mandel 2,247,340 sh (-22.7%)
Chase Coleman 1,980,000 sh (-29.56%)
Andreas Halvorsen 3,463,694 sh (-34.77%)
Steven Cohen 288,784 sh (-54.12%)
Lee Ainslie 347,041 sh (-62.37%)
» More
Q1 2013

V Guru Trades in Q1 2013

Louis Moore Bacon 75,000 sh (New)
Ray Dalio 11,501 sh (New)
Steven Cohen 1,243,045 sh (+330.44%)
David Rolfe 697,982 sh (+27.69%)
Bill Frels 1,670 sh (+25.28%)
Bruce Kovner 133,000 sh (+19.84%)
Ron Baron 25,879 sh (+12.49%)
Jim Chanos 61,200 sh (+10.27%)
Tom Gayner 111,100 sh (+9.89%)
Frank Sands 14,219,280 sh (+7.05%)
Tom Russo 105,580 sh (+2.68%)
Jeff Auxier 12,942 sh (+0.4%)
Ruane Cunniff 1,148,321 sh (+0.07%)
Jean-Marie Eveillard 1,013,017 sh (+0.06%)
Ken Heebner 202,000 sh (unchged)
Warren Buffett 1,555,459 sh (unchged)
Chuck Akre 372,430 sh (unchged)
Lee Ainslie Sold Out
Chris Davis 2,104,170 sh (-0.12%)
Murray Stahl 95,172 sh (-0.36%)
Mario Gabelli 29,175 sh (-2.47%)
Chase Coleman 1,924,000 sh (-2.83%)
PRIMECAP Management 4,786,087 sh (-5.03%)
Pioneer Investments 339,119 sh (-5.23%)
Julian Robertson 116,500 sh (-9.69%)
Jeremy Grantham 2,039,007 sh (-11.4%)
Steve Mandel 1,958,840 sh (-12.84%)
John Keeley 2,500 sh (-15.68%)
Andreas Halvorsen 2,593,100 sh (-25.13%)
Ken Fisher 3,435,165 sh (-29.23%)
» More
» Details

Insider Trades

Latest Guru Trades with V

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Andreas Halvorsen 2013-03-31 Reduce -25.13%0.9%$151.58 - $169.84 $ 184.5716%2593100
Lee Ainslie 2013-03-31 Sold Out 0.78%$151.58 - $169.84 $ 184.5716%0
Ken Fisher 2013-03-31 Reduce -29.23%0.61%$151.58 - $169.84 $ 184.5716%3435165
Frank Sands 2013-03-31 Add 7.05%0.57%$151.58 - $169.84 $ 184.5716%14219280
Ray Dalio 2013-03-31 New Buy0.02%$151.58 - $169.84 $ 184.5716%11501
Andreas Halvorsen 2012-12-31 Reduce -34.77%1.74%$136 - $152.46 $ 184.5728%3463694
Lee Ainslie 2012-12-31 Reduce -62.37%1%$136 - $152.46 $ 184.5728%347041
Steve Mandel 2012-12-31 Reduce -22.7%0.54%$136 - $152.46 $ 184.5728%2247340
Glenn Greenberg 2012-09-30 Sold Out 2.1%$120.76 - $135.1 $ 184.5744%0
Ken Fisher 2012-09-30 Add 47.28%0.58%$120.76 - $135.1 $ 184.5744%4814801
John Hussman 2012-09-30 New Buy0.49%$120.76 - $135.1 $ 184.5744%150000
Mark Hillman 2012-09-30 Sold Out 0.49%$120.76 - $135.1 $ 184.5744%0
Andreas Halvorsen 2012-09-30 Add 8.22%0.38%$120.76 - $135.1 $ 184.5744%5310200
Julian Robertson 2012-09-30 Add 8.42%0.35%$120.76 - $135.1 $ 184.5744%155852
Ken Heebner 2012-09-30 Reduce -30.49%0.28%$120.76 - $135.1 $ 184.5744%212000
Warren Buffett 2012-09-30 Reduce -25.21%0.09%$120.76 - $135.1 $ 184.5744%1555459
Andreas Halvorsen 2012-06-30 Add 960.72%4.44%$112.3 - $124.08 $ 184.5755%4906900
Lee Ainslie 2012-06-30 New Buy1.7%$112.3 - $124.08 $ 184.5755%966275
Ken Fisher 2012-06-30 Add 174717%1.2%$112.3 - $124.08 $ 184.5755%3269071
Steve Mandel 2012-06-30 Reduce -27.42%0.9%$112.3 - $124.08 $ 184.5755%3292401
Chuck Akre 2012-06-30 Add 24.14%0.74%$112.3 - $124.08 $ 184.5755%372430
Ken Heebner 2012-06-30 Add 158.47%0.56%$112.3 - $124.08 $ 184.5755%305000
Mark Hillman 2012-06-30 Reduce -54.53%0.27%$112.3 - $124.08 $ 184.5755%2251
Warren Buffett 2012-06-30 Reduce -27.41%0.12%$112.3 - $124.08 $ 184.5755%2079659
Joel Greenblatt 2012-06-30 Sold Out 0.04%$112.3 - $124.08 $ 184.5755%0
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Visa, Inc.

Baron Funds Comments on Visa Inc - Aug 24, 2012

From Barn Funds second quarter commentary:

Visa, Inc. (V) owns the largest global payment network and we are fans of its low capital intensity, massively scalable business model. The shares rose 5.0% during the quarter. The outperformance was driven by its strong fiscal second quarterly earnings report in April and increasing expectation of a favorable legal settlement with merchants (which did occur in July after the quarter ended).We remain long-term believers in Visa, as it is the dominant payments network in the world (over 55% of all credit/debit card transactions) with high barriers to entry and a long organic growth runway as plastic continues to gain transaction/volume share from cash and/or checks. (Robert Susman)
Check out Ron Baron latest stock trades

Top Ranked Articles about Visa, Inc.

Stocks at 52-Week Highs
According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-week highs. Read more...
Buffett and New Berkshire Manager Both Love Credit Cards but Go Different Directions Warren Buffett - Buffett And New Berkshire Manager Both Love Credit Cards But Go Different Directions
Warren Buffett and his new Berkshire Hathaway (BRK.A)(BRK.B) investment manager Todd Combs have in common a proclivity for credit card stocks, though their purchases were made under different circumstances and of different companies. Combsโ€™ choices, Visa (V) and MasterCard (MA), also had dramatic run ups in market value that contributed to the greater than 26% return Buffett lauded Berkshireโ€™s two new managers for in his 2012 annual letter. (See more about how they did it here.) Read more...
Weekly Top Insider Sells: V, FIS, SRCL, GOOG
According to GuruFocus Insider Data, these are the largest insider sells during the past week. The overall trend of insiders is illustrated in the chart below: Read more...
Baron Funds Comments on Visa Inc
Weekly Top Insider Sells: FDO, V, GOOG, and ORCL
According to GuruFocus Insider Data, these are the largest insider sells during the past week. The overall trend of insiders is illustrated in the chart below: Read more...
Weekly CFO Sells Highlight: V, SCLN, VR, AMSG
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Visa Inc., SciClone Pharmaceuticals Inc., Validus Holding Ltd. and Amsurg Corp. Read more...
WEEKLY CFO SELLS HIGHLIGHT: DISH, V, GCI, WTS, MCK
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Dish Network Cp, Visa Inc-A, Gannett Inc, Watts Water Tec, and McKesson Corp. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 51.40
V's P/E(ttm) is ranked lower than
74% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 11.30 vs. V: 51.40 )
V' s 10-Year P/E(ttm) Range
Min: 15.91   Max: 114.54
Current: 51.4

15.91
114.54
P/B 5.37
V's P/B is ranked lower than
87% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 1.35 vs. V: 5.37 )
V' s 10-Year P/B Range
Min: 1.88   Max: 6.28
Current: 5.37

1.88
6.28
P/S 11.10
V's P/S is ranked lower than
94% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 2.29 vs. V: 11.10 )
V' s 10-Year P/S Range
Min: 6.37   Max: 30.2
Current: 11.1

6.37
30.2
PFCF 119.08
V's PFCF is ranked lower than
76% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 6.12 vs. V: 119.08 )
V' s 10-Year PFCF Range
Min: 15.85   Max: 2224.25
Current: 119.08

15.85
2224.25
EV-to-EBIT 54.25
V's EV-to-EBIT is ranked lower than
68% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 16.25 vs. V: 54.25 )
V' s 10-Year EV-to-EBIT Range
Min: 9.2   Max: 46.3
Current: 54.25

9.2
46.3
PEG 3.57
V's PEG is ranked higher than
85% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.55 vs. V: 3.57 )
V' s 10-Year PEG Range
Min: 1.44   Max: 2.29
Current: 3.57

1.44
2.29
Shiller P/E 55.23
V's Shiller P/E is ranked lower than
75% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 10.04 vs. V: 55.23 )
V' s 10-Year Shiller P/E Range
Min: 47.82   Max: 52.5
Current: 55.23

47.82
52.5

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.66
V's Dividend Yield is ranked lower than
53% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 2.45 vs. V: 0.66 )
V' s 10-Year Dividend Yield Range
Min: 0.19   Max: 0.78
Current: 0.66

0.19
0.78
Dividend Payout 0.5
V's Dividend Payout is ranked higher than
91% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.56 vs. V: 0.5 )
V' s 10-Year Dividend Payout Range
Min: 0.12   Max: 0.28
Current: 0.5

0.12
0.28
Dividend growth (3y) 20.3
V's Dividend growth (3y) is ranked higher than
96% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: -2.60 vs. V: 20.3 )
V' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 20.3
Current: 20.3

0
20.3
Yield on cost (5-Year) 0.70
V's Yield on cost (5-Year) is ranked lower than
51% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 2.90 vs. V: 0.70 )
V' s 10-Year Yield on cost (5-Year) Range
Min: 0.19   Max: 0.78
Current: 0.7

0.19
0.78
Share Buyback Rate 12.4
V's Share Buyback Rate is ranked higher than
88% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: -0.50 vs. V: 12.4 )
V' s 10-Year Share Buyback Rate Range
Min: 0   Max: 12.4
Current: 12.4

0
12.4

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 147.7
V's Price/Net Current Asset Value is ranked higher than
97% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 2.50 vs. V: 147.7 )
V' s 10-Year Price/Net Current Asset Value Range
Min: 77.7   Max: 123.8
Current: 147.7

77.7
123.8
Price/Tangible Book 32.7
V's Price/Tangible Book is ranked higher than
97% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 1.60 vs. V: 32.7 )
V' s 10-Year Price/Tangible Book Range
Min: 18.2   Max: 2046.3
Current: 32.7

18.2
2046.3
Price/DCF (Projected) 3.7
V's Price/DCF (Projected) is ranked lower than
76% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.50 vs. V: 3.7 )
V' s 10-Year Price/DCF (Projected) Range
Min: 2.3   Max: 2.3
Current: 3.7

Price/Median PS Value 1.5
V's Price/Median PS Value is ranked higher than
75% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 1.00 vs. V: 1.5 )
V' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.2
Current: 1.5

0.7
1.2
Price/Peter Lynch Fair Value 2.8
V's Price/Peter Lynch Fair Value is ranked higher than
97% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.70 vs. V: 2.8 )
V' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.7   Max: 1.7
Current: 2.8

Price/Graham Number 10.1
V's Price/Graham Number is ranked higher than
97% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.80 vs. V: 10.1 )
V' s 10-Year Price/Graham Number Range
Min: 3.7   Max: 94.4
Current: 10.1

3.7
94.4
Earnings Yield (Greenblatt) 1.80
V's Earnings Yield (Greenblatt) is ranked higher than
54% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 8.45 vs. V: 1.80 )
V' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.2   Max: 10.9
Current: 1.8

2.2
10.9
Forward Rate of Return (Yacktman) 14.64
V's Forward Rate of Return (Yacktman) is ranked higher than
88% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 19.78 vs. V: 14.64 )
V' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.2   Max: 30.1
Current: 14.64

1.2
30.1

Business Description

Visa Inc. is a Delaware Corporation. It is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories, enabling them to use digital currency instead of cash and checks. It owns, manages and promotes a portfolio of well-known, widely-accepted payment brands, including Visa, Visa Electron, PLUS and Interlink, which it licenses to its clients for use in their payment programs. It offer a wide range of branded payments product platforms, which its clients, primarily financial institutions, use to develop and offer credit, debit, prepaid and cash access programs for their customers (individuals, businesses and government entities. It provides transaction processing and value-added services to its clients through VisaNet, Visa Debit Processing Services and Visa Processing Services. It promotes and enforces a common set of operating regulations adhered to by its clients to ensure the efficient and secure functioning of its payments network and the maintenance and promotion of its brands. It operates an open-loop payments network, a multi-party system in which Visa connects financial institutions - issuing financial institutions that issue cards to cardholders, and acquiring financial institutions that have the banking relationship with merchants - and manage the exchange of information and value between them. It is subject to regulation of the payments industry in many countries in which its cards are used. The Company's clients are also subject to numerous regulations applicable to banks and other financial institutions in the United States and elsewhere, and consequently such regulations affect its business. In recent years, its business has come under increasing regulatory scrutiny. It is subject to regulation of the payments industry in many countries in which its cards are used. The Company's clients are also subject to numerous regulations applicable to banks and other financial institutions in the United States and elsewhere, and consequently such regulations affect its business. In recent years, its business has come under increasing regulatory scrutiny.
Company Website
SEC Reports
Industry: Credit Services
Compare:
Traded in other countries:3V64.Germany

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