TITLE

Visa Overhauls Its Debit Fees Amid Strong Results

AUTHOR(S)
Johnson, Andrew
PUB. DATE
April 2010
SOURCE
American Banker;4/30/2010, Vol. 175 Issue F316, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a quarterly earnings report from Visa Inc. Revenue and net income grew 18.9% and 33%, respectively. Visa indicated that equalization of interchange fees for different types of debit-card transactions would help improve results for the remainder of 2010, during which Visa expects spending with both debit and credit cards to increase.
ACCESSION #
49801563

 

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