Visa Calls Off $5.3B Merger Deal With Plaid Over DOJ Lawsuit
The U.S. Department of Justice said the transaction would eliminate healthy competition from the online payments market.
Visa Beats Estimates as Travel Slump Continues
“The recovery so far has been uneven, V-shaped for domestic volumes but L-shaped for cross-border volumes,” CFO Vasant Prahbhu says.
DOJ Considers Blocking Visa’s Acquisition of Fintech Firm Plaid: Report
The proposed transaction is being reviewed over antitrust concerns.
Visa Profit Drops 23% as Card Spending Slows
Payments volume improved as the third quarter progressed, reflecting the easing of shelter-in-place orders in the U.S.
Visa Makes Fintech Move With $5.3B Plaid Buy
The deal gives Visa access to software that fintech app developers use to interface with customers' bank accounts.
Visa Rolls Out Cross-Border B2B Network
The move is part of Visa’s effort to push into the high-value cross-border transaction market.
Mastercard Buys Transfast After Earthport Rebuff
“We believe Transfast gives us the strongest platform to immediately enhance our cross-border [payments] capabilities," Mastercard says.
Visa, Mastercard Settle Long-Running Fee Suit
The companies said they have already set aside funds to cover the penalty.
SEC Halts $600M Bank ICO Scam
AriseBank called itself the first "decentralized bank" and claimed to have acquired two FDIC-insured institutions.
Companies Share Tax Savings With Workers
A minority but growing number of employers give employees bonuses and raises based on this year's tax windfall; Visa leads the way with huge 401(k) boost.
Mastercard Profit Jumps 21% to Record $1.43B
Strong consumer spending overseas helped drive Mastercard's gross dollar volume to $1.4 trillion in the third quarter.