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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Visa

Visa stories: 11 news summaries


 Debit Cards Overtake Credit 

A surge in debit-card usage reflects a shift from the days of easy credit

Apr 30, 09 8:35 AM CDT
(Newser) - The recession has boosted the popularity of debit cards, the Wall Street Journal reports. In the last quarter of 2008, debit-card transactions processed by Visa were 50.4% of the company’s volume, surpassing credit cards for the first time. Rival MasterCard’s debit volume surged 13% last year as... More »

MORE ABOUT:
recession • debit card • credit card • Visa • MasterCard • financial crisis

Visa, Mastercard Warn
of New Data Breach

Alerts issued after malware infects another payment processor

Feb 24, 09 5:36 AM CST
(Newser) - Mastercard and Visa have alerted financial institutions about another serious data breach at a payment processor, Wired reports. The breach, like the massive fraud unveiled at Heartland Payment Systems last month, is believed to have occurred through malicious software. The credit card issuers are refusing to name the processor involved... More »

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hacker • credit card • data theft • cybercrime • Visa • malware • MasterCard

Lenders Yank Credit Cards
as Economy Sours

Plastic crisis comes hot on the heels of mortgage crisis

Oct 29, 08 4:33 AM CDT
(Newser) - The flattening economy is putting the squeeze on credit card lending just when consumers can least afford it, the New York Times reports. Lenders are putting the brakes on new credit card offers and reining in lines of spending for existing holders, even those with good credit records. The flood... More »

MORE ABOUT:
American Express • credit card • Visa • MasterCard • lending practices • consumer credit • financial crisis

 MasterCard to 
 Pay Amex $1.8B  

Antitrust settlement will help Amex defray losses as economy continues to drag

Jun 25, 08 8:51 AM CDT
(Newser) - MasterCard will pay American Express $1.8 billion in 12 quarterly installments, settling a lawsuit that claimed it had blocked banks from offering American Express cards to customers, the Wall Street Journal reports. American Express said the antitrust settlement would "help to lessen the impact of this weakening economic... More »

MORE ABOUT:
American Express • settlement • Visa • MasterCard • antitrust suit

MARKETS

 Stocks Rise on Healthy Data 

GDP, financial rallies treat investors well, for now

May 29, 08 3:33 PM CDT
(Newser) - The markets saw gains today as good economic data and a rally amid financial shares gave evidence that the nation may be moving past the current slump, the Wall Street Journal reports. The Dow gained 52.19 points to close at 12,646.22, the Nasdaq gained 21.62 to... More »

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Bank of America • Dow Jones • Wells Fargo • Nasdaq • Visa • MasterCard • S&P 500

Interest Soars Sky-High in Visa's $18B IPO

Record-breaking debut could mark turning point for markets

Mar 19, 08 8:43 AM CDT
(Newser) - Visa pulled in almost $18 billion in its initial public offering yesterday, the San Francisco Chronicle reports. The credit card company's IPO was the biggest by far in US history and the second biggest ever. The $44-per-share price investors paid was $2 higher than the company's highest estimate, and the... More »

MORE ABOUT:
stock market • New York Stock Exchange • IPO • credit card • credit crisis • Visa

Supermarket Breach Exposes 4M Credit Cards

Hannaford grocery stores report 1,800 related fraud cases

Mar 18, 08 9:20 AM CDT
(Newser) - A data security breach at Hannaford, an East Coast supermarket chain, has exposed the credit card information of 4.2 million customers and resulted in 1,800 cases of fraud so far, the Boston Globe reports. The breach, which went undetected for three months, is one of the largest ever,... More »

MORE ABOUT:
fraud • identity theft • supermarket • credit card • data theft • computer security • Visa • MasterCard • Hannaford

Visa Plans
$17B IPO in Risky Market

Public offering would
be the biggest in
Wall Street history

Feb 25, 08 8:55 AM CST
(Newser) - Visa is hoping to surpass rival MasterCard’s 2006 stock market debut with a $17 billion IPO that would be the largest in Wall Street history. The company today said it hopes to sell some 406 million shares for $37 to $42 each, reports the Wall Street Journal. The... More »

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New York Stock Exchange • IPO • SEC • shares • Visa • MasterCard • AT&T Wireless

Visa Heads for Biggest IPO in US in Years

Offering expected
early next year could surpass $10B

Nov 10, 07 12:18 PM CST
(Newser) - Visa is moving ahead on a massive initial public stock offering expected early next year. Papers filed yesterday show that shares could be valued at $10 billion, which would make it the second-largest public offering in US history, the Wall Street Journal reports. The biggest is the $10.62 billion... More »

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stock market • San Francisco • IPO • shares • credit card • Visa • MasterCard

Visa Settles $2.25B AmEx Suit

Antitrust settlement could be largest ever

Nov 8, 07 8:28 AM CST
(Newser) - In what could be the largest settlement ever to resolve an antitrust lawsuit, Visa has agreed to pay American Express up to $2.25 billion for blocking member banks from offering rival credit cards, the AP reports. The deal helps clear the way for Visa’s IPO, expected early in... More »

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lawsuit • American Express • civil lawsuits • Visa • MasterCard

TJX Data Breach Exposed 94M Credit Cards

Still no arrests after up to $83M is spent with stolen numbers

Oct 24, 07 7:15 PM CDT
(Newser) - Cyber thieves have pinched 94 million credit cards from a discount retailer—double the last estimate—and spent up to $83 million as far as Hong Kong and Sweden, the AP reports. Banks are now suing the retailer, TJX Cos., to recover their losses. But those losses keep growing: "... More »

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Hong Kong • Sweden • credit card • TJX • hackers • Visa • MasterCard

11 Stories


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