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VISA profit jumps

Visa profit jumps as discount-heavy holiday shopping fuels spending

Visa's first-quarter profit jumped nearly 11% on Thursday, as easing concerns about an economic slowdown encouraged customers to splurge during the holiday shopping season, pushing the payments giant's shares up 2.

Investing · 3h

Visa profit jumps on strong holiday spending

Payments volume - a gauge of overall consumer and business spending on Visa (NYSE: V )'s network - jumped 9%. Net revenue climbed 10% to $9.5 billion in the first quarter.

American Banker · 1h

Visa's holiday spending, partnerships fuel earnings beat

The card brand also touted its payments partnership with the social media platform X as evidence of strength in its partnership strategy.

Exclusive: Mastercard, Visa failed to stop payments on OnlyFans for child sex-abuse content, says whistleblower

The credit-card companies knew people were using their networks to pay for illegal content since at least 2021, the ...

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Mastercard and Visa accused of enabling payments for child sexual abuse content, report claims

Mastercard and Visa allegedly failed to halt payments linked to child abuse material and sex trafficking on OnlyFans, Reuters ...

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Visa, Mastercard 'Directly Handling the Proceeds' of Child Sexual Abuse Material: Official Docs

A whistleblower asserted that Visa and Mastercard failed to prevent the laundering of funds related to child sexual abuse ...

Mastercard's quarterly profit beats on robust holiday spending

Mastercard reported a fourth-quarter profit that beat Wall Street estimates as a resilient economy encouraged consumers to ramp up spending during the holiday season, sending the payments processor's ...

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