Vanessa Colella’s Post

VISA UPDATES SAVINGSEDGE PROGRAM FOR SMALL BUSINESSES IN US & CANADA. Visa, a global leader in digital payments, has announced the relaunch of its SavingsEdge program for small businesses in the US and Canada. The updated program aims to help Visa Business cardholders save money and spend smarter. The new Visa SavingsEdge offers two ways to save: instant discount coupons that can be used at the point of sale without linking the card, and cashback offers that provide discounts as account credits when cardholders link their Visa Business card and make qualifying purchases. The revamped platform includes an enhanced website, hundreds of new merchant offers in various categories, real-time cashback notifications, and a tracker to monitor savings. Eligible Visa Business credit, debit, and prepaid cardholders in the US and Canada can receive discounts at participating merchants. To benefit from cashback offers, cardholders must link their eligible Visa Business cards and use them for qualifying purchases. Previous participants need to re-link their cards to access the new offers. #VisaSavingsEdge #SmallBusiness #DigitalPayments #Cashback #BusinessSavings #VisaBusiness #MerchantOffers #SmartSpending #FinancialTools #BusinessGrowth

Visa unveiled new Instant Savings offers for small- to medium-sized businesses (SMBs) in North America. Through the Visa SavingsEdge website, eligible Visa Small Business card holders can now access savings and discounts on business-related services and goods. The introduction of these offers comes as running a business remains costly and many small business owners are seeking ways to reduce expenses, according to the press release. Visa found that key concerns for SMBs include inflation, economic uncertainty and interest rates. https://ow.ly/cjxY50Q9KkE

Visa Relaunches SavingsEdge™ With New Offers to Deliver Greater Value to Small Businesses “Owning a small business can present challenges, and businesses need every advantage they can get, no matter the economic climate,” said Veronica Fernandez, SVP and North America Head of Visa Commercial Solutions. “We know it’s important for business owners to save on products and services they need to run their business smoothly. Visa SavingsEdge has delivered value to cardholders and issuers for years. Through this investment, we’re unlocking even more ways to save for Visa Small Business cardholders.” https://lnkd.in/eT7tC4ib #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

According to the newest Visa Small Business Pulse Report, 72% of small business leaders in the U.S. and 76% in Canada say they are trying to spend less in an ever-changing economic environment. Today, Visa is pleased to announce the expansion of loyalty offers and access to innovative products and resources designed to support small businesses. Visa SavingsEdge™ provides all Small Business Visa Cardholders (debit, credit and prepaid) with access to valuable discounts on industry-leading tools designed to enable small businesses to grow and meet the expectations of customers. Please join me in sharing with small business friends, family and customers to help with the economics of their business. www.visasavingsedge.com Small Business Pulse: A summary of key findings from a comprehensive survey of Small Business owners and operators (visa.com) https://lnkd.in/gZtGVY9j #visacommercialsolutions #b2bpayments #smallbusiness

Visa reported earnings yesterday, after the close. Below for my quick takeaways: ⤵⤵⤵ ➡ Payments volume of $3,276Bn for the quarter, an 8.5% increase YoY and a 2.4% increase QoQ ➡ Cross-border volume grew 20% YoY ➡ This week, Visa announced it was entering F1 with Red Bull Racing, marking “its first new global sports sponsorship agreement in 15 years” ➡ ➡ Title sponsorship for Red Bull’s second team - to be called Visa Cash App RB F1 Team ➡ Completed acquisition of Pismo, a global cloud-native issuer processing and core banking platform ➡ Signed a definitive agreement to acquire a majority interest in Prosa, a leading payments processor in Mexico ➡ Ryan McInerney, CEO, “We saw continued growth in credentials, acceptance, and engagement. Credentials grew 6%, and we now have more than 8.7 billion network tokens up 55%. Acceptance locations grew 17%.” ➡ ➡ "In a recent Visa study in the US, we saw, on average, two more transactions a month and spend lift of $70 a month for those who tap with a Visa debit card versus those who don't tap.” �� ➡ “In the US, we renewed with leading fintech Shine for their debit and credit builder secured card portfolios, as well as for Visa Direct.” ➡ ➡ “Pismo offers global core banking and multiproduct issuer processing covering credit, debit, and commercial with connectivity to local payment networks such as Pix. Our goal is for Pismo to be the platform of choice for our issuing partners around the world, enabling them to accelerate their global expansion and transition to cloud-native platforms.” ➡ Chris Suh, CFO, “In the US, consumer holiday spend growth was in the mid-single digits on a year-over-year basis. Consumer retail spending growth was similar to last year. However, retail spending growth on key shopping days, from Thanksgiving to Cyber Monday, was much stronger. E-commerce increased its share of retail spending versus last year.” Initial takeaways: ➡ Positive feedback from the tap-to-pay U.S. study. Interesting to see the impact tap-to-pay can have on volumes (compared to inserting/swiping a card) ➡ Pismo. Visa first announced the $1Bn acquisition last June. The acquisition should boost Visa’s capabilities in LatAm, Europe, and Asia-Pacific, including better support for real-time payments and emerging payment methods in those regions If you found value from this post, please like 👍 and share for visibility. Looking for more fintech and consumer lending coverage? ➡ Follow/connect with me here for earnings updates ➡ Join my Discord server for a full archive and more detailed earnings notes ➡ Remember to subscribe to the PeerIQ by Cross River weekly newsletter Links to all in comments: ⤵⤵⤵ #consumerlending #fintech #creditcards Image credit: Visa Q4 Earnings Presentation

SMB: Payments giant Visa surveyed 2,250 small and micro-businesses and 1,500 consumers. The results may surprise you: - 35% of business owners surveyed said they are considering accepting new forms of payment as a critical way they can improve their businesses. - 95% of small business owners planned to become cashless “someday” - 51% of small business owners anticipate going cashless in the next two years Today, Pacto software helps small merchants in Mexico run their business and seamlessly accept all forms of payment from their customers. #ConPactoPuedes #HagamosUnPacto cc Rodrigo Kuri Gordon Whitehouse Mauricio Schwartzmann Pacto Link to the study: https://lnkd.in/ee3tv3vp

95% of small business owners surveyed by Visa plan to become cashless someday. Consumer preferences are shifting, and the accessibility and reach of digital payments further the connection of business owners to audiences regardless of location. How do you see our organizations balancing the growing digital world while still catering to the sector that pushes for the presence of traditional methods? #DigitalPayments #Fintech #SMBs

Visa Partner: Your Expert Guide to Payments Visa Partner is your trusted companion in navigating the complex world of payments. We simplify the payments ecosystem and provide you with expert guidance to meet your needs. How to Partner with Visa The payments landscape can be intricate, but with Visa Partner, you don't have to navigate it alone. Our expertise helps you understand and leverage the system efficiently, allowing you to focus on your core business. Let's Build the Future of Payments Together Design a Visa Card Unleash your creativity with the Visa Card Designer. This tool allows you to experiment and see how your innovative designs can enhance the experience for your cardholders, combining your brand's uniqueness with the trusted power of Visa. Why Choose Visa Partner? Expert Guidance: Navigate the payments ecosystem with ease, supported by our extensive knowledge and experience. Simplification: We make the complex simple, providing clear, actionable guidance to help you achieve your goals. Collaboration: Work with us to build the future of payments, leveraging Visa's robust capabilities and your creative vision. Join us at Visa Partner and let's revolutionize the payments industry together. Contact us today to learn more about how we can help you navigate the world of payments and create exceptional solutions for your customers.

Mastercard 🆚 Visa A Comparison of Key Metrics in the Latest Income Statements: 𝗩𝗶𝘀𝗮 reported steady growth in its Q2 FY24, which ended in March 2024 (Visa’s fiscal year ends in September). 𝗞𝗲𝘆 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 in Q2 FY24: ► Payments volume grew 8% Y/Y. ► Net Revenue grew 10% Y/Y to $8.8 billion ($0.2 billion beat). ► Non-GAAP EPS grew 20% Y/Y to $2.51 ($0.08 beat). 𝗡𝗼𝘁𝗲𝘄𝗼𝗿𝘁𝗵𝘆 𝗜𝘁𝗲𝗺𝘀: US Consumer Spending: Credit card spending grew 6% Y/Y in the US, a key market for Visa, indicating sustained consumer confidence. Cross-Border Travel: International travel rebounded, driving a 16% Y/Y increase in cross-border volumes (excluding intra-Europe). Value-Added Services: Revenue from security and risk solutions grew 23% Y/Y, showcasing Visa's focus on diversifying its offerings. 𝗠𝗮𝘀𝘁𝗲𝗿𝗰𝗮𝗿𝗱 demonstrated resilience and growth in Q1 2024. 𝗞𝗲𝘆 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 in Q1 2024: ▶ Gross dollar volume grew 10% Y/Y. ▶ Net Revenue grew 10% Y/Y to $6.3 billion ($10 million beat). ▶ Non-GAAP EPS $3.31 ($0.07 beat). 𝗡𝗼𝘁𝗲𝘄𝗼𝗿𝘁𝗵𝘆 𝗜𝘁𝗲𝗺𝘀: Cross-Border Travel Boom: Cross-border volumes surged 38% Y/Y, indicating a strong rebound in international travel, a key driver of Mastercard's revenue. Switched Transactions Growth: The number of switched transactions increased by 17% Y/Y, reflecting the continued use of Mastercard's network for various payment types. Strategic Focus on New Flows: Mastercard is actively expanding into new payment flows, such as business-to-business (B2B) payments and real-time payments, to diversify its revenue streams and adapt to changing consumer needs. I highly recommend reading the complete source article by App Economy Insights for more interesting info and stats: https://lnkd.in/eDvG-pyR Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] Cre: Marcel van Oost

There was so much celebratory buzz yesterday, one might think that a new Presidential candidate that any U.S. citizen could get excited about supporting came on the scene just in time for the upcoming election. But no, we're not so lucky. Instead, a Visa/Mastercard settlement was reached. And it included some keywords that sent everyone in a tither. "Lower swipe fees" (Exactly who is swiping at this point???) "Interchange cap" The cash discount kings were high-fiving and ready to party in the streets, celebrating the return of margins that have been on the decline over the past few years. But not so fast. In the words of Taylor Swift: YOU NEED TO CALM DOWN. First, many were sharing the link to the press release version of the settlement. If I've learned anything over my years in #payments, it's that a well-crafted Visa newswire is more about what it doesn't say than what it does. Gotta hand it to that Visa PR department, they really know how to craft a masterpiece and make themselves come out smelling like a rose, even after they've been busy wrestling around in the landfill. They just LOVE to lay it on thick and flaunt their support of small business. But really, they aren't conceding much here, at least when it comes to interchange. Because Visa doesn't stand to lose from reducing interchange, the issuers do. Visa can still impose its dues and assessments as it chooses, and even introduce new ones to overcome the legal fee ouchy of this settlement. And hey there cash discount kings, those dues and assessments eat into your margins, too. The most interesting thing to me about the settlement is this opportunity for merchants to steer consumers to preferred payment methods. They can charge different surcharge rates depending on the type of credit product. That requires some pretty fancy acrobatics at checkout, and will make for some fantastic messes to sort in an already messy situation on the billing backside. But, what do I know? Only that this is written very tongue in cheek. I hope Visa doesn't hate me for it. I have a lot of respect for the card networks, truly. Taylor, if you're reading this, have you thought about a presidential run? Kidding/not kidding.