Tag: NYSE:V

Technology Stocks

Crypto.com Signs Deal with Visa Inc (NYSE:V) To Roll Out Fiat Lending Services

Crypto.com has signed a new business deal with Visa Inc (NYSE:V). This Hong Kong-based payment and cryptocurrency platform targets unveiling fiat lending against bitcoin. If possible, it will apply the same to the rest of the cryptocurrencies. According to Crypto.com, the Crypto.com Visa Card will streamline the service delivery and […]

Business

Discover Financial Services (NYSE:DFS), MasterCard Inc. (NYSE:M) and Visa Inc. (NYSE:V) Block Pornhub Over Child Pornography

Discover Financial Services (NYSE:DFS) has joined MasterCard Inc. (NYSE:M) and Visa Inc. (NYSE:V) in blocking users from using their credit cards to make payments on Pornhub. The move comes following allegations published in The New York Times on December 4, 2020, that the site has been showing child porn content […]

Business

The US Federal Government Sues Visa Inc. (NYSE:V) Over Proposed $5.3 Billion Acquisition of Plaid

The US federal government has filed a lawsuit blocking Visa Inc.’s (NYSE:V) acquisition of fintech company Plaid, stating that the $5.3 billion acquisition is against antitrust laws. According to the Justice Department, Visa is a monopolist in online debit transactions, and the merger will do away with an emerging competitive […]

Business

COVID-19 Pandemic Impacts Visa (NYSE:V) MasterCard (NYSE:MA), And American Express’ (NYSE:AXP) Profits With Weak Cross-Border Spending

Profits of credit card companies Visa Inc. (NYSE:V), MasterCard Inc. (NYSE:MA), and American Express (NYSE:AXP) have been greatly affected by the pandemic as global travel came to a halt. Pandemic impacted profits of credit card companies In the most recent quarter, the companies reported a double-digit drop in their bottom […]

Business

Visa (NYSE:V) and MasterCard Inc. (NYSE:MA) Unveil Initiatives To Leverage Booming Digital Payment Opportunities

There is a digital payments boom and a shift from the traditional electronic payments systems. Most countries have had a national payment network authorized by a central authority to transfer money between banks. This is time-consuming as the funds could take days and their tracking was challenging. Growing competition in […]