Visa Earnings Rise 40%, Exceeding Estimates on Increased Credit-Card Use
News from Bloomberg:

Visa Inc. said fiscal third-quarter profit rose 40 percent, beating analyst estimates for the 14th straight period , as consumers boosted card spending. Photographer: Andrew Harrer/Bloomberg

Visa Inc. (V), the world’s biggest payments network, said fiscal third-quarter profit rose 40 percent, beating analyst estimates for the 14th straight period, as consumers boosted credit-card spending.

Net income for the three months ended June 30 climbed to $ 1 billion, or $ 1.43 a share, from $ 716 million, or 97 cents, in the same period a year earlier, the San Francisco-based company said today in a statement. Adjusted …………… continues on Bloomberg
… Read the full article
.

Related News:


The Skinny On Credit Cards: How to Master the Credit Card Game
The Skinny on Credit Cards is the story of Billy and Beth, a typical American couple, as they struggle with the use (and abuse) of…
Woman’s Women’s Leather Wallet ID Credit Cards Cash Coin Holder Case Purse Orgnizer
15 CREDIT CARD & ID SLOTS, Holds Up To 40 Cards, 1 BILL COMPARTMENT and 1 COIN COMPARTMENT.
GREAT BARGAIN!!!…

Is it time to switch your credit card debt to a loan?

Posted by administrator | 27/07/11 | Tagged Credit Card Debt

Is it time to switch your credit card debt to a loan?
News from FinancialAdvice.co.uk:

As more and more people across the UK continue to try and repay their credit card debts many are seeing a month by month increase in minimum payments as interest rates remain high. However, there is concern that many are not taking advantage of the options available to them. As we mentioned in one of our earlier post, the average credit card purchase interest rate now stands at a staggering 18.1% compared to a base rate of 0.5%. Surely now is the time to consider converting your credit card debt into a standard fixed term loan?

The problem that many people in the UK have at the moment is the fact they would rather bury their head in the sand and hope everything recovers in due course, but unfortunately this will not happen. Those stuck in the credit card debt spiral are unable to pay off their interest which then increases their credit card debt, increases interest payments and reduces the amount of capital they are able to pay off each month. In effect, man…………… continues on FinancialAdvice.co.uk
… Read the full article
.

Related News:

Your debt’s probably growing faster than the government’s
News from The Seattle Times:

DAYTON, Ohio — Americans criticize government leaders for running up the federal budget deficit, but do they practice what they preach?

Not really.

Individuals are living beyond their means at an even greater rate than the government is, based on recently released household-debt figures.

U.S. household debt totaled $ 13.4 trillion at the end of 2010, or about 107 percent of the $ 12.5 trillion Americans earned in total household income last year, according to the Federal Reserve.

The government’s total debt of $ 13.8 trillion represented about 94 percent of the $ 14.7 trillion in national income, or gross domestic product (GDP), last year.

“You hear people say that the government should manage its finances like the private sector does, but that’s the problem,” said James Brock, an economics professor at Miami University.

Brock said household debt that was built up largely in the boom years preceding the recession has left millions of Americans s…………… continues on The Seattle Times
… Read the full article


‘Secure Credit Card – Locked Out’ Wall Decal – 18″W x 24″H Removable Graphic
WallMonkeys wall graphics are printed on the highest quality re-positionable, self-adhesive fabric paper. Each order is printed in…
How to Instantly Eliminate Credit Card Debt (Without Bankruptcy or Credit Counseling)
How to Eliminate Credit Card Debt (Without Bankruptcy or Credit Counseling) contains a simple, proven, step-by-step plan to get cr…

Jumio says use your webcam to swipe credit cards

Posted by administrator | 27/07/11 | Tagged Credit Card

Jumio says use your webcam to swipe credit cards
News from Reuters:

Tue Jul 26, 2011 4:48pm EDT

Jumio, a secretive online-payments startup created by Jajah founder Daniel Mattes, is finally ready for its close-up. That’s a fitting metaphor, because Jumio is enabling online credit card payments made by scanning a card with a computer webcam.

Dubbed Netswipe, the technology allows online retailers to easily process a debit or credit card payment by having a user just hold up their card to their webcam. The video is encrypted and streamed to Jumio’s servers, which extract the card number and information and processes the payment.

If it sounds familiar, we’ve written recently about other recent mobile payment technologies that use a smartphone camera…………… continues on Reuters
… Read the full article
.

Related News:

Earnings Preview: Visa to report 3rd-qtr results
News from msnbc.com:

updated 7/26/2011 3:49:04 PM ET 2011-07-26T19:49:04

Credit and debit payment processor Visa Inc. is expected to report a hefty increase in its fiscal third-quarter profit after the market closes on Wednesday, thanks to heavier card use by consumers during the period.

WHAT TO WATCH FOR: Reports from the major banks that issue Visa cards and from companies that track consumer spending all point to more users reaching for plastic at the checkout during the April-to-June period. Credit card use increased even more than debit use, which bodes well for revenue growth at Visa, since processing …………… continues on msnbc.com

… Read the full article


© 2017. Credit Card Talk