2016 Press Releases

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DateTitle
04/28/16Start-ups Invited to Dive Into the Visa Developer Sandbox as Part of Second Annual Everywhere Initiative
Winners to Receive $50,000 to Implement Their Solutions and Year-long Business Mentorship SAN FRANCISCO--(BUSINESS WIRE)--Apr. 28, 2016-- Visa Inc. (NYSE:V) today invited start-ups to compete in the company’s second annual The Everywhere Initiative. In partnership with start-up ecosystem company, KITE, Visa is posing three real-life business challenges to the start-up community to create innovative solutions that solve Visa business ... 
04/27/16Visa Opens its First Innovation Center in Asia
Visa Readies Network of Innovation Centers to Foster Collaborative Payment Innovation on a Global Scale SAN FRANCISCO, Calif. & SINGAPORE--(BUSINESS WIRE)--Apr. 27, 2016-- Visa Inc. (NYSE:V) today announced the opening of its Singapore innovation center, the first in a network of new regional innovation centers that Visa is launching globally. The new 7,000 square foot Singapore facility will serve as a destination for clients, partners and ... 
04/27/16Visa Brings Digital Payments to Rio 2016 Olympic Games as 1.2 Million Travelers Are Expected in Brazil
Visa Marks 100 Days to Olympic Games Opening Ceremonies: Readies New Payment Technology Across Rio SAN FRANCISCO--(BUSINESS WIRE)--Apr. 27, 2016-- Visa (NYSE:V) today celebrated the 100 day milestone to the Rio 2016 Olympic Games. In its 30th year as the exclusive payment provider of the Olympic Games, Visa is creating and managing the entire payment system infrastructure and network throughout all venues including stadiums, press cent... 
04/21/16Visa Inc. Reports Fiscal Second Quarter 2016 Results
GAAP quarterly net income of $1.7 billion or $0.71 per share including a non-recurring, non-operating gain related to currency forward contracts Adjusted quarterly net income of $1.6 billion or $0.68 per share excluding a non-recurring, non-operating gain related to currency forward contracts SAN FRANCISCO--(BUSINESS WIRE)--Apr. 21, 2016-- Visa Inc. (NYSE: V) today announced financial results for the Company’s... 
04/21/16Visa Inc. Reaches Preliminary Agreement to Amend Transaction With Visa Europe
SAN FRANCISCO--(BUSINESS WIRE)--Apr. 21, 2016-- Visa Inc. (NYSE: V) today announced that, in response to feedback received from the European Commission, the Company and Visa Europe have reached preliminary agreement to amend their Transaction Agreement to eliminate the earn-out portion of the transaction consideration. The terms of the transaction remain otherwise unchanged. Instead of an earn-out, the cash consideration payable in the tra... 
04/20/16Visa Inc. Declares Quarterly Dividend
SAN FRANCISCO--(BUSINESS WIRE)--Apr. 20, 2016-- Visa Inc. (NYSE:V) today announced that its board of directors declared a quarterly cash dividend of $0.14 per share of class A common stock (determined in the case of class B and class C common stock on an as-converted basis) payable on June 7, 2016, to all holders of record of the Company’s class A, B and C common stock as of May 13, 2016. About Visa Visa Inc. (NYSE: V) is a global ... 
04/20/16Federal Reserve Bank of Chicago / Visa Inc. Convene Milestone Tenth Annual Global Financial Literacy Summit With Eye Toward Future
Canadian Minister of Finance Bill Morneau Delivers Summit Keynote CHICAGO, April 20, 2016 /PRNewswire/ -- Visa Inc. [NYSE:V] and The Federal Reserve Bank of Chicago today convene the 10th annual global summit on financial literacy, marking a decade-long partnership between the organizations. The 2016 Financial Literacy Summit features a keynote address by Canadian Minister of Finance, Bill Morneau, and brings together international leaders from major government agencies, non-governmental orga... 
04/19/16Visa Speeds Up Checkout Times
Quick Chip for EMV streamlines checkout to make secure chip card transactions faster and even more convenient LAS VEGAS--(BUSINESS WIRE)--Apr. 19, 2016-- At the Electronic Transaction Association’s TRANSACT 16 event, Visa Inc. (NYSE:V) announced the launch of Quick Chip for EMV, a technology enhancement that optimizes EMV®1 chip card processing and speeds up checkout times. The Quick Chip specification is available free-of-charge to pa... 
04/05/16Visa Inc. To Announce Fiscal Second Quarter 2016 Financial Results on April 21, 2016
SAN FRANCISCO--(BUSINESS WIRE)--Apr. 5, 2016-- Visa Inc. (NYSE:V) will report its fiscal second quarter 2016 financial results on Thursday, April 21, 2016. The results, along with accompanying financial information, will be released after market close and posted on the Visa Investor Relations website. Visa’s executive management team will then host a live audio webcast beginning at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss ... 
04/04/16FIDO Alliance Announces Over 150 Biometric and Second-Factor Authentication Products Now Certified
Notable Growth in Asia Pacific Region Underscores Global Acceptance of FIDO Specifications as the De Facto Standard for Strong Authentication Technology MOUNTAIN VIEW, CA -- (Marketwired) -- 04/04/16 -- More than 150 products are now FIDO® Certified, up 50 percent in just one quarter, the FIDO Alliance announced today, giving service providers a diverse and flexible range of options to reduce their reliance on passwords and deploy FIDO standards for simpler, stronger authentication of online s... 
03/29/16eBay Joins FIDO Alliance and Announces FIDO Certified Open Source Authentication Server and Android Client
The Online Marketplace Demonstrates Open Collaboration to Define the Standards for Secure Authentication of Online Services SAN JOSE, CA -- (Marketwired) -- 03/29/16 -- eBay today announced its membership in the FIDO Alliance and its FIDO® Certified open source authentication server based on the FIDO UAF protocol. Standing with leading industry members among device manufacturers and software vendors, eBay is the first e-commerce company to directly achieve FIDO certification, and the first to... 
03/25/16Visa Signs on as Strategic Partner of the 2016 U.S.-China Tourism Year
Landmark collaboration promotes tourism and cultural understanding between nations SAN FRANCISCO--(BUSINESS WIRE)--Mar. 25, 2016-- Visa Inc. (NYSE:V) today signed a Cooperation Plan with the China National Tourism Administration (CNTA), establishing Visa as a strategic partner of the U.S.-China Tourism Year. The landmark collaboration between the CNTA, the U.S. Department of Commerce and Visa will provide for a year-long series of events desig... 
03/11/16Visa Checkout Introduces New Interactive Button for Faster Mobile Commerce
The Familiar Card “Swipe” Comes to Online Commerce and Connected Devices New Design Helps Start-ups Compete in Visa’s API Challenge in Austin, TX AUSTIN, Texas & SAN FRANCISCO--(BUSINESS WIRE)--Mar. 11, 2016-- Visa Inc. (NYSE:V) today unveiled a digital “swipe” product enhancement for Visa Checkout that allows shoppers to complete their online purchase by sliding a virtual image of their credit, debit or prepaid card across ... 
03/09/16Visa-Commissioned Study Estimates Migration to Electronic Payments Added Nearly $300B to GDP Across 70 Countries
SAN FRANCISCO--(BUSINESS WIRE)--Mar. 9, 2016-- Visa Inc. today released the results of a new 2016 study conducted by Moody's Analytics that analyzed the impact of electronic payments on economic growth across 70 countries between 2011 and 2015. The Visa-commissioned study found that increased use of electronic payment products, including credit, debit and prepaid cards, added US$296B to GDP, while raising household consumption of goods and services by an... 
03/07/16NTT DOCOMO Rolls Out FIDO Biometric Authentication to iOS Customers
Underscores Rapid Market Adoption of FIDO as the New Standard for Strong Authentication MOUNTAIN VIEW, CA -- (Marketwired) -- 03/07/16 -- The FIDO® Alliance, the cross-industry creators of open standards for simpler, stronger authentication, announced today that Japan's largest mobile network operator NTT DOCOMO, INC. ("DOCOMO") has extended its market-leading deployment of FIDO® Certified strong authentication to its millions of customers with Touch ID®-equipped Apple iPhones and other iOS1 ... 
03/04/16New Star Athletes Join Team Visa Rio 2016
Olympic Hopefuls Missy Franklin, Ibtihaj Muhammad, Sam Mikulak and Connor Jaeger Become the Newest Members of the 40+ Team Visa Rio 2016 Roster SAN FRANCISCO--(BUSINESS WIRE)--Mar. 4, 2016-- Visa Inc. (NYSE:V) today announced four new U.S. Olympic hopefuls who will go for gold as members of Team Visa Rio 2016. These athletes include Missy Franklin, a four-time Olympic champion in swimming; Ibtihaj Muhammad, a 2014 world champion in fencing; Sa... 
02/25/16CUP and Visa Sign MOU to Collaborate on Payments Security, Innovation and Financial Inclusion
SHANGHAI--(BUSINESS WIRE)--Feb. 25, 2016-- China UnionPay (CUP) and Visa Inc. today signed a Memorandum of Understanding (MOU) in Shanghai with both parties agreeing to collaborate on payments security, innovation and financial inclusion. The MOU was signed between Shi Wenchao, President of CUP, and Charlie Scharf, Chief Executive Officer of Visa Inc. The MOU provides an important platform for CUP and Visa Inc., two world-leading payments ... 
02/22/16Visa Checkout Launching Across Europe and India
Merchants and Consumers in Six New Markets Can Take Advantage of Safe Easy Online Payments in Just a Few Clicks BARCELONA, Spain & SAN FRANCISCO--(BUSINESS WIRE)--Feb. 22, 2016-- MOBILE WORLD CONGRESS – Visa Inc. (NYSE:V), today announced that its leading online payment service, Visa Checkout, will be available to merchants and consumers across France, India, Ireland, Poland, Spain and the United Kingdom this year. Visa Checkout brings the securi... 
02/22/16Visa Extends Secure Payments to the Automotive Industry
Visa, Honda and ParkWhiz Showcase Apps that Let Cars ‘Pick up the Tab’ BARCELONA, Spain & SAN FRANCISCO--(BUSINESS WIRE)--Feb. 22, 2016-- MOBILE WORLD CONGRESS – Visa Inc. (NYSE:V) today announced it was making the Visa Token Service available to auto manufacturers, helping to pave the way for easy and secure car-based commerce. To further advance car-based commerce, Visa is also offering a range of related digital payment solutions, inclu... 
02/21/16Visa Brings Secure Payments to the Internet of Things
Makers of Wearables and Cars Can Now Easily Embed Secure Visa Payments BARCELONA, Spain & SAN FRANCISCO--(BUSINESS WIRE)--Feb. 21, 2016-- MOBILE WORLD CONGRESS – Visa Inc. (NYSE:V), today announced that it is expanding its Visa Ready program to include Internet of Things (IoT) companies, such as manufacturers of wearables, automobiles, appliances, public transportation services, clothing and almost any other connected device. Emerging IoT ... 
02/12/16MEDIA ALERT: Visa Unveils Future of Payments and Commerce at Mobile World Congress 2016
Visa Inc. (NYSE:V): WHO:     At Mobile World Congress 2016, Visa will join innovators from around the world to demonstrate the increasingly important role mobile is playing in how people pay and get paid. Visitors to the Visa booth can explore how a wave of a hand could pay for groceries, or how a c... 
02/09/16Visa Puts Consumers in Charge of Security
Visa Consumer Transaction Controls to Allow Consumers to Direct How, Where, and When Their Credit and Debit Accounts Can Be Used SAN FRANCISCO--(BUSINESS WIRE)--Feb. 9, 2016-- Visa Inc. (NYSE:V), a global leader in payments, is introducing a new service to help Visa issuers empower consumers to monitor and control how, where, and when their Visa credit, debit, and prepaid accounts can be used. With real-time visibility and control over their accounts... 
02/05/16Visa Inc. Declares Quarterly Dividend
SAN FRANCISCO--(BUSINESS WIRE)--Feb. 5, 2016-- Visa Inc. (NYSE:V) today announced that its board of directors declared a quarterly cash dividend of $0.14 per share of class A common stock (determined in the case of class B and class C common stock on an as-converted basis) payable on March 1, 2016, to all holders of record of the Company's class A, B and C common stock as of February 12, 2016. About Visa Visa Inc. (NYSE: V) is a gl... 
02/04/16Egyptian Government and Visa Sign Agreement to Help Bring Electronic Payments to Government Subsidies
Initiative will provide 22 million subsidy recipients with secure, convenient, and transparent payment solutions SAN FRANCISCO & CAIRO--(BUSINESS WIRE)--Feb. 4, 2016-- The Egyptian government, represented by the Ministry of Supply and Internal Trade and the Ministry of Planning, this week signed a Memorandum of Understanding (MOU) with Visa Inc., to enable electronic payment of government subsidies to 22 million Egyptian families. ... 
02/04/16Visa Inc. to Participate in Upcoming Investor Conferences
SAN FRANCISCO--(BUSINESS WIRE)--Feb. 4, 2016-- Visa Inc. (NYSE:V) today announced its participation in the following investor conferences in the month of February. On Tuesday, February 9, Vasant Prabhu, Chief Financial Officer, will present at the Goldman Sachs Technology & Internet Conference in San Francisco. The discussion will begin at 3:20 p.m. Pacific Time and last for approximately 40 minutes. On Monday, February 29, Vas... 
02/04/16Visa Opens its Global Network with Launch of Visa Developer
SAN FRANCISCO--(BUSINESS WIRE)--Visa Inc. (NYSE:V) today announced the launch of Visa Developer, a milestone that transforms the world’s largest retail payments network to an open platform that will drive innovation in payments and commerce. For the first time in the company’s nearly 60 year history, software application developers will have open access to industry leading payments technology, products and services by Visa. The new Vi... 
01/29/16Visa Launches Commerce Network to Drive Merchant Sales and Deliver New Cardholder Benefits
Uber uses Visa Commerce Network to launch offers in 10 U.S. markets SAN FRANCISCO--(BUSINESS WIRE)--Jan. 29, 2016-- Visa Inc. (NYSE:V) today announced the launch of Visa Commerce Network, a new way for merchants to create online and in-app commerce experiences to acquire new customers, drive loyalty and increase sales with relevant offers. Visa Commerce Network is built on the world’s largest electronic payment network, VisaNet, and can be easily uti... 
01/28/16Visa Inc. Reports Fiscal First Quarter 2016 Results
GAAP quarterly net income of $1.9 billion or $0.80 per share including non-cash, non-operating income related to the revaluation of the Visa Europe put option Adjusted quarterly net income of $1.7 billion or $0.69 per share excluding the revaluation of the Visa Europe put option SAN FRANCISCO--(BUSINESS WIRE)--Jan. 28, 2016-- Visa Inc. (NYSE:V) today announced financial results for the Company’s fiscal f... 
01/20/16Visa Inc. Appoints Lynne Biggar as Chief Marketing and Communications Officer
Lynne Biggar to Join as Executive Vice President and Chief Marketing and Communications Officer in February SAN FRANCISCO--(BUSINESS WIRE)--Jan. 20, 2016-- Visa Inc. (NYSE: V) today announced that Lynne Biggar will join the company as Executive Vice President and Chief Marketing and Communications Officer, effective February 1. She will also serve as a member of the company’s Executive Committee and Operating Committee. Ms. Biggar joins Visa f... 
01/19/16More Than 100 FIDO Certified Products Fuel Global Adoption of FIDO Strong Authentication
Cross-Sector Deployments Protect Hundreds of Millions of End Users Around the World MOUNTAIN VIEW, CA -- (Marketwired) -- 01/19/16 -- The FIDO® (Fast IDentity Online) Alliance (https://www.fidoalliance.org/), creators of the only cross-industry strong authentication technology standard, today announced that more than 100 solutions are now FIDO® Certified. Hundreds of millions of end-users' desktop and mobile apps have FIDO-enabled authentication protection available from leading service provi... 
01/19/16Sam’s Club to Accept Visa Credit Cards
Consumers Offered Expanded Choice and Convenience with Visa Acceptance at Sam’s Club Locations SAN FRANCISCO--(BUSINESS WIRE)--Jan. 19, 2016-- Visa Inc. (NYSE:V) and Wal-Mart Stores, Inc. (NYSE:WMT) today announced that the companies have entered into an agreement through which Sam’s Club locations will accept Visa credit cards starting February 1, 2016. “Everything we do is in an effort to better serve our members and extend the value... 
01/12/16More Leading Merchants Choose Visa Checkout to Increase Online and Mobile Sales
Starbucks, Walmart.com to offer Visa Checkout for seamless digital payment experiences comScore study finds that enrolled Visa Checkout shoppers convert to buyers at a rate of 86 percent SAN FRANCISCO--(BUSINESS WIRE)--Jan. 12, 2016-- With eCommerce growing at four times – and mobile commerce growing at eight times – the rate of traditional commerce1, Visa today announced that more merchants are making Visa Checkout available to ... 
01/05/16Visa Inc. To Announce Fiscal First Quarter 2016 Financial Results on January 28, 2016
SAN FRANCISCO--(BUSINESS WIRE)--Jan. 5, 2016-- Visa Inc. (NYSE:V) will report its fiscal first quarter 2016 financial results on Thursday, January 28, 2016. The results, along with accompanying financial information, will be released after market close and posted on the Visa Investor Relations website. Visa’s executive management team will then host a live audio webcast beginning at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss ... 
01/04/16Fidelity Investments®, Visa® and U.S. Bank Launch New 2% Cash Back Fidelity® Rewards Visa Signature® Card
Unlimited 2% Cash Back1 and No Annual Fee2 Helps Cardmembers Turn Everyday Spending Into Investment Opportunities BOSTON, SAN FRANCISCO & MINNEAPOLIS--(BUSINESS WIRE)--Jan. 4, 2016-- Fidelity Investments®, a leading retail brokerage and retirement savings provider, today announced with U.S. Bank (NYSE: USB) and Visa Inc. (NYSE: V) a new long-term card-issuing program that will offer Visa branded credit-c... 

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