Visa CEO: ‘Long Runway’ Ahead as Digital Payments, Credentials Displace Cash and Checks
by PYMNTS.com
PYMNTS.com— Visa is seeing continued momentum in Tap to Pay and digital credential issuance, as consumers continue to spend on their debit and credit cards. CEO Ryan McInerney said on the call that overall payments volume in the second fiscal quarter was up 8% year over year (YoY), while U.S. payments volume was 6% higher YoY. International […]
CNBC—Masimo's billionaire CEO put shares on margin to get cash while keeping ownership ahead of proxy fight. Masimo has allowed founder Joe Kiani to pledge more than half his $660 million stake in the company as collateral for personal loans.
ETtech.com—RBI digital payments: Track fishy transactions, RBI tells payment firms. The Reserve Bank of India has directed all regulated payment companies to track high-value or suspicious transactions during the course of general elections, according to multiple senior executives in the know.In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund poll candidates.ET has seen a copy of the letter.“The regulator wants payment companies to track...
Nasdaq—How Should You Play Global Payments (GPN) Ahead of Q1 Earnings?. Global Payments Inc. GPN is slated to release first-quarter 2024 results on May 1, 2024, before the opening bell. The company continues to be aided by higher transaction volumes, strategic acquisitions, technological innovations a