Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Visa    V

VISA (V)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

FTC asks Visa for information on debit card service

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/16/2012 | 08:54pm CET
A Visa logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana

The Federal Trade Commission (FTC) has asked Visa Inc to provide information on a debit card service that may have violated regulations related to the Dodd-Frank Act, the company said.

The FTC's Bureau of Competition requested the company to provide information regarding violations of the Durbin amendment, Visa said in its annual 10-K filing with the U.S. Securities and Exchange Commission on Friday,

The Durbin amendment, a part of the Dodd-Frank Act of 2010, lowered swipe fees that are charged by merchants every time a consumer makes a purchase using a debit card.

The voluntary access letter was issued by the FTC on September 21 and the request focuses on information "related to the purposes, implementation, and impact of the optional PIN Debit Gateway Service", Visa said in the filing.

However, the revenue generated by the service is not material to the company's financial statements, Visa said.

The company disclosed in a May regulatory filing that the U.S. Department of Justice had asked for documents and information about its response to a new law and rules limiting debit card fees.

Visa introduced a new fee structure in April called Fixed Acquirer Network Fee to push more transactions to its network that is likely to hurt other card processors.

Shares of Visa were up more than 1 percent to $142.20 in afternoon trade on the New York Stock Exchange.

(Reporting by Aman Shah and Sharanya Hrishikesh in Bangalore; Editing by Anil D'Silva)

Stocks treated in this article : Mastercard Inc, Visa Inc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VISA
12/14 VISA : Debuts an Interactive Shopping Experience for the Olympic Winter Games Py..
12/14 VISA : Survey Reveals Consumers Are Ready to Say Goodbye to Passwords
12/12 COMMONWEALTH BANK OF AUSTRALIA : Acquires 3,782 Shares of Visa Inc.
12/07 VISA : Debuts an Interactive Shopping Experience for the Olympic Winter Games Py..
12/07 VISA : See, Hear and Feel the Evolution of Visa Through Sensory Branding
12/04 Ibm Retirement Fund Upped Ingersoll (IR) Position; Visa (V) Has 1.13 Sentimen..
11/29 VISA : US, China & France Represent Top Three Spenders Among Visitors to Canada ..
11/29 LANKAN CONSUMERS KEEN TO ADOPT DIGIT : Visa survey
11/28 VISA : Readies Digital Payments for the Projected 500,000 Visitors Traveling to ..
11/28 VISA : Readies Digital Payments for the Projected 500,000 Visitors Traveling to ..
More news
News from SeekingAlpha
12/15 MY JOURNEY TO FINANCIAL INDEPENDENCE : 86-Stock November Portfolio Update - Buyi..
12/15 UNITED HEALTHCARE CORPORATION : Best Dow-Jones Wealth-Builder Stock Now
12/14 Test Portfolio Results And Introducing A New Quality Portfolio
12/13 The Value Of Reliability And Why Omega Healthcare Is A Value Trap
12/11 American Express As A Dividend Income Investment
Financials ($)
Sales 2018 20 104 M
EBIT 2018 13 772 M
Net income 2018 9 365 M
Debt 2018 10 195 M
Yield 2018 0,70%
P/E ratio 2018 28,15
P/E ratio 2019 24,21
Capi. / Sales 2018 13,3x
Capi. / Sales 2019 11,6x
Capitalization 258 B
Chart VISA
Duration : Period :
Visa Technical Analysis Chart | V | US92826C8394 | 4-Traders
Technical analysis trends VISA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 122 $
Spread / Average Target 7,3%
EPS Revisions
Managers
NameTitle
Alfred F. Kelly Chief Executive Officer & Director
Ryan McInerney President
Robert W. Matschullat Independent Chairman
Vasant M. Prabhu Chief Financial Officer & Executive Vice President
Rajat Taneja Executive Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
VISA44.73%257 938
MASTERCARD47.15%162 399
PAYPAL HOLDINGS88.14%90 925
PALO ALTO NETWORKS INC15.85%13 532
XIAMEN MEIYA PICO INFORMATION CO LTD--.--%1 664
MIMECAST LTD56.93%1 610