finance.yahoo.com

Visa Stock Pauses After Record Run as Value-Added Services Accelerate

Visa logoVisa
Sig1.20Sen+2.60Env0.00Soc0.00Gov0.00

Visa shares dipped about 0.2% to $381.62 but the quarterly report showed strong momentum. Fiscal third-quarter revenue rose 14% to $11.6 billion, processed transactions increased 10% to 71.7 billion, and cross-border volume excluding Europe grew 12%. Value-added services such as fraud protection and issuer solutions jumped about 33%, outpacing overall growth.

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