Visa Reports Fiscal 2Q 2012 Results

Visa has announced financial results for the Company's fiscal 2Q 2012 which ended March 31, 2012. Highlights include:

• Payments volume growth, on a constant dollar basis, for the three months ended December 31, 2011, on which fiscal second quarter service revenue is recognized, was a positive 11% over the prior year at $993 billion.

• Payments volume growth, on a constant dollar basis, for the three months ended March 31, 2012, was a positive 11% over the prior year at $956 billion.

• Cross-border volume growth, on a constant dollar basis, was a positive 16% for the three months ended March 31, 2012.

• Total processed transactions, which represent transactions processed by VisaNet, for the three months ended March 31, 2012, were 13 billion, a positive 8% increase over the prior year.

A webcast replay is available on the Visa investor website.

In related news, Visa also reveled that the U.S. Department of Justice is starting to look into its new acquiring-side fee structure. Digital Transactions has a good summary of the investigation.