Visa Inc. Chief Executive Officer Charlie Scharf said he’s more confident in traditional payment networks than in virtual currencies like Bitcoin.
Visa Inc. Chief Executive Officer Charlie Scharf said China isn’t opening as quickly as expected to foreign payment processors and must be viewed as a five- to 15-year opportunity.
Visa Inc. and MasterCard Inc. have about six weeks to decide whether a new Russian law requiring them to pay hundreds of millions of dollars to operate in that country is worth the cost. For now, Visa’s answer is nyet.
Visa Inc., the biggest bank-card network, posted fiscal first-quarter profit that beat analysts’ estimates as card spending climbed.
Visa Inc., the world’s biggest bank-card network, reported an increase in fiscal second-quarter profit as a gain in revenue missed analyst estimates.
JPMorgan Chase & Co., the second- biggest U.S. bank by assets, received requests for files this year on about $8.1 billion in outstanding loans that may be candidates for buybacks.
The White House is lobbying top U.S. corporate leaders to spurn Russian President Vladimir Putin by canceling attendance at an economic conference in St. Petersburg later this month.
"We have to think and act much more like a technology company than we have before."
- Charlie Scharf on Oct 01, 2014