Stock Monitor: Nicholas Financial Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 12, 2018 / Active-Investors.com has just released a free research report on Visa Inc. (NYSE: V). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=V as the Company's latest news hit the wire. On February 09, 2018, the Company announced the acquisition of Fraedom, a Software-as-a-Service (SaaS) technology Company that offers payments and transaction management solutions for financial institutions across the world. According to Visa, technology solutions from Fraedom have been the building blocks of Visa IntelliLink Spend Management, a core platform for the Company's commercial and small business clients. The Company expects the acquisition to strengthen and expand its business suite of solutions to meet the ever-evolving needs of the B2B payments sector. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Visa most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Fraedom, which launched back in 1999, has managed over one billion transactions through its web-based platform, resulting in about $270 billion in transactions done to date. The Company manages transactions for a total of 5.7 million employees across the world through its offices in the UK, US, Canada, Australia, New Zealand, Singapore, and Hong Kong.
Fraedom, according to Visa, works with banks globally to enhance their commercial card programs and delivers a customer-friendly, easy-to-use spend management system. The platform helps banks retain customers by differentiating their service portfolio, drive card uptake, and increase card spends. The Company's solutions also facilitate robust card management and payment efficiency by leveraging an advanced invoice payment feature.
Vicky Bindra, global head of products and solutions at Visa, stated that the rising tide of digital solutions over the conventional, inefficient paper-based systems, have paved the path for a strategic acquisition, enabling the Company to deliver more comprehensive business solutions to its corporate clients. Fraedom views this acquisition as a step to cater its growing customer base in the B2B segment, allowing it to better serve businesses around the world with fast, secure, and robust customer commercial payment solutions.
Company Growth Prospects
Prior to the announcement, on February 02, 2018, Visa announced that it upgraded the point-of-sale terminals of multiple Minneapolis-based small businesses, helping upgrade the payment experiences being delivered to their customers. Visa also stated that it upgraded 700 concessions and retail POS terminals within US Bank Stadium.
In light of the recent Super Bowl event, the Company upgraded those terminals with EMV contactless payment technology, helping lines for food, beverages, and souvenirs move more quickly across the stadium. Visa's contactless technology enables customers to simply tap and pay using their contactless card or payment-enabled device, which are monitored and secured by multiple layers of security. The payments can be processed by multiple devices, including phones, smart watches, wristbands, and stickers.
On January 14, 2018, Visa announced that it initiated pilots with Mountain America Credit Union and Bank of Cyprus, for a new EMV dual-interface payment card, making them the first commercial pilots to test an on-card biometric for contactless payments.
Stock Performance Snapshot
February 09, 2018 - At Friday's closing bell, Visa's stock advanced 2.16%, ending the trading session at $116.32.
Volume traded for the day: 17.68 million shares, which was above the 3-month average volume of 8.42 million shares.
Stock performance in the last three-month – up 3.42%; previous six-month period – up 16.92%; past twelve-month period – up 35.92%; and year-to-date - up 2.02%
After last Friday's close, Visa's market cap was at $258.03 billion.
Price to Earnings (P/E) ratio was at 38.54.
The stock has a dividend yield of 0.67%.
The stock is part of the Financial sector, categorized under the Credit Services industry. This sector was up 1.6% at the end of the session.
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