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GuruFocus Financial Strength Rank measures how strong a company’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
97% of the 125 Companies
in the Global Credit Services industry.

( Industry Median: 0.12 vs. V: No Debt )
V' s 10-Year Cash to Debt Range
Min: 6.59   Max: No Debt
Current: No Debt

Equity to Asset 0.72
V's Equity to Asset is ranked higher than
98% of the 134 Companies
in the Global Credit Services industry.

( Industry Median: 0.21 vs. V: 0.72 )
V' s 10-Year Equity to Asset Range
Min: -0.11   Max: 0.77
Current: 0.72

-0.11
0.77
Interest Coverage No Debt
V's Interest Coverage is ranked higher than
97% of the 103 Companies
in the Global Credit Services industry.

( Industry Median: 3.44 vs. V: No Debt )
V' s 10-Year Interest Coverage Range
Min: 8.2   Max: 9999.99
Current: No Debt

8.2
9999.99
F-Score: 8
Z-Score: 9.16
M-Score: -2.96
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’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.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

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 : 8/10

vs
industry
vs
history
Operating margin (%) 61.46
V's Operating margin (%) is ranked higher than
95% of the 130 Companies
in the Global Credit Services industry.

( Industry Median: 25.65 vs. V: 61.46 )
V' s 10-Year Operating margin (%) Range
Min: -71.62   Max: 61.46
Current: 61.46

-71.62
61.46
Net-margin (%) 42.28
V's Net-margin (%) is ranked higher than
93% of the 136 Companies
in the Global Credit Services industry.

( Industry Median: 16.33 vs. V: 42.28 )
V' s 10-Year Net-margin (%) Range
Min: -44.7   Max: 42.28
Current: 42.28

-44.7
42.28
ROE (%) 18.53
V's ROE (%) is ranked higher than
82% of the 137 Companies
in the Global Credit Services industry.

( Industry Median: 13.17 vs. V: 18.53 )
V' s 10-Year ROE (%) Range
Min: 3.61   Max: 285.71
Current: 18.53

3.61
285.71
ROA (%) 13.85
V's ROA (%) is ranked higher than
99% of the 138 Companies
in the Global Credit Services industry.

( Industry Median: 2.80 vs. V: 13.85 )
V' s 10-Year ROA (%) Range
Min: -46.46   Max: 15.35
Current: 13.85

-46.46
15.35
ROC (Joel Greenblatt) (%) 417.96
V's ROC (Joel Greenblatt) (%) is ranked higher than
84% of the 129 Companies
in the Global Credit Services industry.

( Industry Median: 33.33 vs. V: 417.96 )
V' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -462.94   Max: 2516.67
Current: 417.96

-462.94
2516.67
Revenue Growth (%) 18.10
V's Revenue Growth (%) is ranked higher than
87% of the 123 Companies
in the Global Credit Services industry.

( Industry Median: 7.80 vs. V: 18.10 )
V' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 42.4
Current: 18.1

0
42.4
EBITDA Growth (%) 20.00
V's EBITDA Growth (%) is ranked higher than
83% of the 101 Companies
in the Global Credit Services industry.

( Industry Median: 10.20 vs. V: 20.00 )
V' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 87.6
Current: 20

0
87.6
EPS Growth (%) 23.70
V's EPS Growth (%) is ranked higher than
87% of the 98 Companies
in the Global Credit Services industry.

( Industry Median: 18.20 vs. V: 23.70 )
V' s 10-Year EPS Growth (%) Range
Min: 0   Max: 107.2
Current: 23.7

0
107.2
» V's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

V Guru Trades in Q3 2013

Manning & Napier Advisors, Inc 9,440 sh (New)
George Soros 67,801 sh (New)
Jim Simons 39,500 sh (New)
Paul Tudor Jones 62,800 sh (New)
Jean-Marie Eveillard 2,055,098 sh (+102.47%)
Jim Chanos 70,278 sh (+32.57%)
RS Investment Management 20,725 sh (+19.11%)
Mario Gabelli 31,755 sh (+14.08%)
David Rolfe 862,941 sh (+9.56%)
MS Global Franchise Fund 93,615 sh (+5.24%)
Tom Gayner 122,600 sh (+2.51%)
Pioneer Investments 557,173 sh (+1.17%)
Ken Fisher 3,450,535 sh (+0.29%)
Chris Davis 2,296,920 sh (+0.14%)
Ron Baron 26,466 sh (unchged)
Warren Buffett 1,555,459 sh (unchged)
Chuck Akre 502,430 sh (unchged)
Jeff Auxier 12,942 sh (unchged)
George Soros 14,000 sh (unchged)
John Burbank Sold Out
Ken Heebner Sold Out
Ruane Cunniff 1,147,628 sh (-0.06%)
PRIMECAP Management 4,701,865 sh (-1.54%)
Andreas Halvorsen 2,362,800 sh (-2.02%)
Tom Russo 106,458 sh (-2.27%)
Murray Stahl 92,098 sh (-3.16%)
Frank Sands 13,703,902 sh (-5.13%)
Steve Mandel 1,243,515 sh (-5.8%)
Julian Robertson 53,100 sh (-16.38%)
Bill Frels 1,402 sh (-20.84%)
Jeremy Grantham 877,967 sh (-36.85%)
John Keeley 1,500 sh (-40%)
Chase Coleman 615,000 sh (-51.57%)
Steven Cohen 21,127 sh (-95.24%)
Louis Moore Bacon 2,704 sh (-97.84%)
» More
Q4 2013

V Guru Trades in Q4 2013

Bill Nygren 740,000 sh (New)
Ray Dalio 2,101 sh (New)
Ken Heebner 80,000 sh (New)
Louis Moore Bacon 242,458 sh (+8866.64%)
Steven Cohen 491,200 sh (+2224.99%)
Manning & Napier Advisors, Inc 38,210 sh (+304.77%)
Jim Simons 136,600 sh (+245.82%)
Bill Frels 3,332 sh (+137.66%)
Pioneer Investments 673,298 sh (+20.84%)
Tom Gayner 136,600 sh (+11.42%)
Andreas Halvorsen 2,562,037 sh (+8.43%)
RS Investment Management 21,844 sh (+5.4%)
David Rolfe 899,810 sh (+4.27%)
MS Global Franchise Fund 96,816 sh (+3.42%)
Tom Russo 108,477 sh (+1.9%)
Mario Gabelli 32,155 sh (+1.26%)
Ken Fisher 3,493,095 sh (+1.23%)
John Keeley 1,500 sh (unchged)
Ron Baron 26,466 sh (unchged)
Chuck Akre 502,430 sh (unchged)
Steven Cohen 230,000 sh (unchged)
Warren Buffett 1,555,459 sh (unchged)
Paul Tudor Jones Sold Out
Julian Robertson Sold Out
George Soros Sold Out
Steve Mandel Sold Out
Murray Stahl 91,990 sh (-0.12%)
Jean-Marie Eveillard 2,045,472 sh (-0.47%)
PRIMECAP Management 4,676,216 sh (-0.55%)
Ruane Cunniff 1,128,371 sh (-1.68%)
Jeff Auxier 12,342 sh (-4.64%)
Chris Davis 2,185,502 sh (-4.85%)
Frank Sands 12,376,651 sh (-9.69%)
Jim Chanos 60,388 sh (-14.07%)
Chase Coleman 284,944 sh (-53.67%)
Jeremy Grantham 248,418 sh (-71.71%)
» More
Q1 2014

V Guru Trades in Q1 2014

George Soros 150,000 sh (New)
Joel Greenblatt 10,657 sh (New)
Paul Tudor Jones 184,104 sh (New)
Jim Simons 504,870 sh (+269.6%)
Chuck Akre 570,430 sh (+13.53%)
Tom Gayner 147,500 sh (+7.98%)
Andreas Halvorsen 2,745,651 sh (+7.17%)
Frank Sands 12,632,844 sh (+2.07%)
Tom Russo 110,677 sh (+2.03%)
Murray Stahl 92,160 sh (+0.18%)
Bill Nygren 740,000 sh (unchged)
Warren Buffett 1,555,459 sh (unchged)
Jeff Auxier 12,342 sh (unchged)
John Keeley 1,500 sh (unchged)
Ray Dalio Sold Out
Chase Coleman 284,479 sh (-0.16%)
Pioneer Investments 671,917 sh (-0.21%)
Ruane Cunniff 1,125,896 sh (-0.22%)
Ron Baron 26,075 sh (-1.48%)
Mario Gabelli 31,635 sh (-1.62%)
Ken Fisher 3,435,949 sh (-1.64%)
Chris Davis 2,009,234 sh (-8.07%)
MS Global Franchise Fund 87,861 sh (-9.25%)
RS Investment Management 19,759 sh (-9.54%)
Louis Moore Bacon 219,261 sh (-9.57%)
Manning & Napier Advisors, Inc 34,110 sh (-10.73%)
Steven Cohen 420,314 sh (-14.43%)
Jim Chanos 50,668 sh (-16.1%)
PRIMECAP Management 3,597,243 sh (-23.07%)
Jeremy Grantham 173,885 sh (-30%)
Ken Heebner 55,000 sh (-31.25%)
David Rolfe 610,508 sh (-32.15%)
Bill Frels 1,937 sh (-41.87%)
Jean-Marie Eveillard 1,036,061 sh (-49.35%)
» More
Q2 2014

V Guru Trades in Q2 2014

Manning & Napier Advisors, Inc 797,050 sh (+2236.7%)
Ken Fisher 3,587,399 sh (+4.41%)
» More
» Details

Insider Trades

Latest Guru Trades with V

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Jean-Marie Eveillard 2014-03-31 Reduce -49.35%0.59%$212.09 - $232.99 $ 214.06-4%1036061
Chuck Akre 2014-03-31 Add 13.53%0.46%$212.09 - $232.99 $ 214.06-4%570430
George Soros 2014-03-31 New Buy0.32%$212.09 - $232.99 $ 214.06-4%150000
PRIMECAP Management 2014-03-31 Reduce -23.07%0.3%$212.09 - $232.99 $ 214.06-4%3597243
Frank Sands 2014-03-31 Add 2.07%0.14%$212.09 - $232.99 $ 214.06-4%12632844
Joel Greenblatt 2014-03-31 New Buy0.04%$212.09 - $232.99 $ 214.06-4%10657
Ray Dalio 2014-03-31 Sold Out $212.09 - $232.99 $ 214.06-4%0
Julian Robertson 2013-12-31 Sold Out 1.6%$182.53 - $220.91 $ 214.066%0
Steve Mandel 2013-12-31 Sold Out 1.1%$182.53 - $220.91 $ 214.066%0
Frank Sands 2013-12-31 Reduce -9.69%0.71%$182.53 - $220.91 $ 214.066%12376651
George Soros 2013-12-31 Sold Out 0.14%$182.53 - $220.91 $ 214.066%0
Ray Dalio 2013-12-31 New Buy$182.53 - $220.91 $ 214.066%2101
John Burbank 2013-09-30 Sold Out 1.1%$173.13 - $198.83 $ 214.0616%0
Jean-Marie Eveillard 2013-09-30 Add 102.47%0.56%$173.13 - $198.83 $ 214.0616%2055098
Frank Sands 2013-09-30 Reduce -5.13%0.46%$173.13 - $198.83 $ 214.0616%13703902
Julian Robertson 2013-09-30 Reduce -16.38%0.25%$173.13 - $198.83 $ 214.0616%53100
George Soros 2013-09-30 New Buy0.14%$173.13 - $198.83 $ 214.0616%67801
John Keeley 2013-09-30 Reduce -40%$173.13 - $198.83 $ 214.0616%1500
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Visa Inc

David Rolfe Comments on Visa - Apr 18, 2014

During the quarter, Visa (V) reported strong year-­‐over-­‐year growth with earnings up 14%, as the business continues to operate at a superior level – very much in-­‐line with the past several years. Visa has been a core holding for our clients since October 2008 and rarely has a year gone by without the Company and its partners having to contend with lawsuits and legislation aimed at limiting pricing power and 4 distribution. 2014 is no exception, though most of the news has been favorable, with a ruling for "no change" to Visa's exclusivity for high-­‐value signature transactions. We continue to see Visa's pricing power as being derived from VisaNet's superior value proposition relative to substitutes, particularly paper-­‐ based payments, automated clearinghouse (ACH), and more recently, "cryptocurrencies" (e.g. Bitcoin). While these emerging payment platforms, including PayPal and Square, represent very legitimate substitutes to traditional interchange, in our view they are not quite "good enough," as evidenced by merchant acceptance that is largely sequestered to small businesses. While we have been net sellers of Visa over the past 18 months, it has been solely due to valuation – our primary tool for risk management at Wedgewood. We believe Visa will continue to maintain its superior competitive positioning, as competitors find it difficult to achieve the network-­‐effect benefits that have compounded the value proposition of VisaNet, particularly as acceptance and issuance of the Visa brand continues to expand.

From David Rolfe (Trades, Portfolio)'s Wedgewood Partners first quarter 2014 commentary.

Check out David Rolfe latest stock trades

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

Chuck Akre: Investing in Compounding Machines
We had the honor to hear from Mr. Chuck Akre (Trades, Portfolio) from Akre Capital Management at the Value Investor Conference, which was held in Omaha on May 1-2, the days before the Berkshire Hathaway shareholder meeting. Mr. Akre’s topic is “Investing in Compounding Machines.” Below are the notes from his speech. Read more...
David Rolfe Comments on Visa
During the quarter, Visa (V) reported strong year-­‐over-­‐year growth with earnings up 14%, as the business continues to operate at a superior level – very much in-­‐line with the past several years. Visa has been a core holding for our clients since October 2008 and rarely has a year gone by without the Company and its partners having to contend with lawsuits and legislation aimed at limiting pricing power and 4 distribution. 2014 is no exception, though most of the news has been favorable, with a ruling for "no change" to Visa's exclusivity for high-­‐value signature transactions. We continue to see Visa's pricing power as being derived from VisaNet's superior value proposition relative to substitutes, particularly paper-­‐ based payments, automated clearinghouse (ACH), and more recently, "cryptocurrencies" (e.g. Bitcoin). While these emerging payment platforms, including PayPal and Square, represent very legitimate substitutes to traditional interchange, in our view they are not quite "good enough," as evidenced by merchant acceptance that is largely sequestered to small businesses. While we have Read more...
Bill Nygren Comments on Visa
 A position in Visa (V) was started after we gained greater confidence in new management and the shares became as attractively valued as Mastercard (MA). Read more...
Top Stocks Warren Buffett and George Soros Both Own
Warren Buffett is the fourth wealthiest person in the world, and George Soros the thirtieth. Both made their fortunes via the stock market and investing, though with very different approaches. Buffett buys stakes in stable, high-quality companies and takes a long-term view, while Soros is more apt to speculate in markets, buying and selling based on short term aberrations or misunderstandings he can exploit. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 24.30
V's P/E(ttm) is ranked higher than
59% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 15.00 vs. V: 24.30 )
V' s 10-Year P/E(ttm) Range
Min: 14.82   Max: 115.15
Current: 24.3

14.82
115.15
P/B 4.90
V's P/B is ranked higher than
50% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 1.59 vs. V: 4.90 )
V' s 10-Year P/B Range
Min: 1.73   Max: 5.45
Current: 4.9

1.73
5.45
P/S 10.90
V's P/S is ranked lower than
52% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 2.67 vs. V: 10.90 )
V' s 10-Year P/S Range
Min: 5.87   Max: 30.2
Current: 10.9

5.87
30.2
PFCF 19.30
V's PFCF is ranked higher than
74% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 36.62 vs. V: 19.30 )
V' s 10-Year PFCF Range
Min: 14.23   Max: 370.71
Current: 19.3

14.23
370.71
EV-to-EBIT 16.33
V's EV-to-EBIT is ranked higher than
74% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 20.85 vs. V: 16.33 )
V' s 10-Year EV-to-EBIT Range
Min: 9.2   Max: 186.3
Current: 16.33

9.2
186.3
PEG 2.90
V's PEG is ranked higher than
68% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 2.19 vs. V: 2.90 )
V' s 10-Year PEG Range
Min: 1.27   Max: 4.06
Current: 2.9

1.27
4.06
Shiller P/E 41.20
V's Shiller P/E is ranked higher than
70% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 27.26 vs. V: 41.20 )
V' s 10-Year Shiller P/E Range
Min: 29.11   Max: 52.18
Current: 41.2

29.11
52.18
Current Ratio 1.70
V's Current Ratio is ranked higher than
65% of the 84 Companies
in the Global Credit Services industry.

( Industry Median: 2.05 vs. V: 1.70 )
V' s 10-Year Current Ratio Range
Min: 0.76   Max: 2.87
Current: 1.7

0.76
2.87
Quick Ratio 1.70
V's Quick Ratio is ranked higher than
65% of the 84 Companies
in the Global Credit Services industry.

( Industry Median: 2.05 vs. V: 1.70 )
V' s 10-Year Quick Ratio Range
Min: 0.76   Max: 2.87
Current: 1.7

0.76
2.87

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.70
V's Dividend Yield is ranked lower than
86% of the 100 Companies
in the Global Credit Services industry.

( Industry Median: 2.21 vs. V: 0.70 )
V' s 10-Year Dividend Yield Range
Min: 0.19   Max: 0.78
Current: 0.7

0.19
0.78
Dividend Payout 0.18
V's Dividend Payout is ranked higher than
90% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 1.27 vs. V: 0.18 )
V' s 10-Year Dividend Payout Range
Min: 0.09   Max: 0.18
Current: 0.18

0.09
0.18
Dividend growth (3y) 38.20
V's Dividend growth (3y) is ranked higher than
95% of the 77 Companies
in the Global Credit Services industry.

( Industry Median: 7.70 vs. V: 38.20 )
V' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 38.2
Current: 38.2

0
38.2
Yield on cost (5-Year) 2.92
V's Yield on cost (5-Year) is ranked lower than
51% of the 99 Companies
in the Global Credit Services industry.

( Industry Median: 3.40 vs. V: 2.92 )
V' s 10-Year Yield on cost (5-Year) Range
Min: 0.79   Max: 3.26
Current: 2.92

0.79
3.26
Share Buyback Rate 3.90
V's Share Buyback Rate is ranked higher than
95% of the 107 Companies
in the Global Credit Services industry.

( Industry Median: -1.50 vs. V: 3.90 )
V' s 10-Year Share Buyback Rate Range
Min: 0   Max: 3.7
Current: 3.9

0
3.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 32.40
V's Price/Tangible Book is ranked lower than
51% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 2.03 vs. V: 32.40 )
V' s 10-Year Price/Tangible Book Range
Min: 14.68   Max: 779.5
Current: 32.4

14.68
779.5
Price/DCF (Projected) 2.00
V's Price/DCF (Projected) is ranked higher than
75% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 3.12 vs. V: 2.00 )
V' s 10-Year Price/DCF (Projected) Range
Min: 1.93   Max: 3.05
Current: 2

1.93
3.05
Price/Median PS Value 1.10
V's Price/Median PS Value is ranked higher than
76% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 1.31 vs. V: 1.10 )
V' s 10-Year Price/Median PS Value Range
Min: 0.64   Max: 2.26
Current: 1.1

0.64
2.26
Price/Peter Lynch Fair Value 1.40
V's Price/Peter Lynch Fair Value is ranked higher than
80% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 9999.00 vs. V: 1.40 )
V' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.34   Max: 3.74
Current: 1.4

1.34
3.74
Price/Graham Number 5.90
V's Price/Graham Number is ranked higher than
53% of the 147 Companies
in the Global Credit Services industry.

( Industry Median: 1.25 vs. V: 5.90 )
V' s 10-Year Price/Graham Number Range
Min: 3.44   Max: 14.41
Current: 5.9

3.44
14.41
Earnings Yield (Greenblatt) 6.10
V's Earnings Yield (Greenblatt) is ranked higher than
70% of the 134 Companies
in the Global Credit Services industry.

( Industry Median: 6.00 vs. V: 6.10 )
V' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.5   Max: 10.9
Current: 6.1

0.5
10.9
Forward Rate of Return (Yacktman) 18.44
V's Forward Rate of Return (Yacktman) is ranked higher than
75% of the 122 Companies
in the Global Credit Services industry.

( Industry Median: 13.11 vs. V: 18.44 )
V' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1   Max: 38.3
Current: 18.44

1
38.3

Business Description

Industry: Credit Services » Credit Services
Compare: » details
Traded in other countries:3V64.Germany
Visa, Inc., is a Delaware Corporation. The Company is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. 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 offers branded payments product platforms, which its clients, mainly financial institutions, use to develop and offer credit, debit, prepaid and cash access programs as well as digital, mobile and eCommerce platforms for customers including individuals, businesses and government entities. It provides transaction processing and value-added services to its clients through VisaNet, Visa Debit Processing Services, Visa Processing Services, CyberSource, PlatSpan and Fundamo. 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 the Company connects financial institutions, or issuers, that issue cards to cardholders, and acquiring financial institutions, or acquirers, 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.
» More Articles for V

Headlines

Articles On GuruFocus.com
Manning & Napier Advisors Bet on this Stock, Should You? Jul 28 2014 
Three Stocks On My Watch List For August 2014 Jul 28 2014 
Why I Am Buying Deere & Company Jul 17 2014 
U.S. Markets Regain Losses from Last Week Jul 14 2014 
Why I Bought Visa Jul 14 2014 
Bill Nygren's Oakmark Fund - Second Quarter 2014 Letter Jul 10 2014 
Why I Will Buy Visa and IBM In July Jun 24 2014 
Which of These Credit Card Companies Should Investors Buy? Jun 19 2014 
Frank Sands' First Quarter Top Five May 14 2014 
Chuck Akre: Investing in Compounding Machines May 05 2014 


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