The brokerage presently has a $98.00 price objective on the credit-card processor’s stock. Zacks Investment Research’s target price indicates a potential upside of 10.12% from the stock’s previous close.
Category: Visa Inc.
Visa Inc. Delivers 25% Revenue Growth
Net operating revenue surged 25% year over year to $4.5 billion, as the payments giant completed its second full quarter with the recently acquired Visa Europe operations included in its results. Service revenue, which is recognized based on payment volume in the prior quarter, rose 17% to$1.9 billion, as payments volume jumped 44% to $1.9 trillion on a constant dollar basis.
VTEX to Partner with PCI Security Standards Council to Improve Payment Data Security Worldwide
VTEX will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the Payment Card Industry Data Security Standard , PIN Transaction Security requirements and the Payment Application Data Security Standard . Endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the PCI Security Standards require merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data protection – not just once a year, but as part of a business-as-usual security posture.