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October 31, 2012

Visa Reports Fiscal 4Q 2012 Results

Visa logo 60pxhVisa has announced financial results for the Company's fiscal fourth quarter and full-year 2012. Q42012 highlights include:

  • Payments volume growth, on a constant dollar basis, for the three months ended June 30, 2012, on which fiscal fourth quarter service revenue is recognized, was a positive 6% over the prior year at $978 billion.

  • Cross-border volume growth, on a constant dollar basis, was a positive 10% for the three months ended September 30, 2012.

  • Total processed transactions, which represent transactions processed by VisaNet, for the three months ended September 30, 2012, were 14 billion, a positive 2% increase over the prior year.
A webcast replay is available on the Visa investor website.

Vantiv to Acquire Litle & Co

Vantiv logo 140pxVantiv announced that it has signed an agreement to acquire Litle & Co. for $361 million.

"eCommerce is one of the fastest growing segments of payments," said Charles Drucker, President and CEO at Vantiv. "As our clients continue to expand their online presence to meet their consumers' demands, they rely on us to meet their payments needs through our integrated processing platform. The acquisition of Litle & Co. will enable us to offer leading, integrated products in high growth markets, allowing our clients to engage with their customers across multiple channels, with better visibility and increased simplicity."

Litle & Co. is a eCommerce payment processor, providing a fully-integrated payments solution for companies that sell goods and services to consumers over the internet and through direct response marketing.

MasterCard Announces 3Q2012 Financial Results

MasterCard logo 140px MasterCard has announced financial results for the third quarter 2012.

  • Net revenue for the third quarter of 2012 was $1.9 billion, a 5% increase versus the same period in 2011. Adjusted for currency, net revenue increased 10% compared to the same period in 2011.

  • Worldwide purchase volume during the quarter was up 12% on a local currency basis versus the third quarter of 2011, to $676 billion.

  • As of September 30, 2012, the company’s customers had issued 1.9 billion MasterCard and Maestro-branded cards.

  • Cross-border volume was up 14%.
Press release, supplemental operating results, and an accompanying investor presentation are available on the MasterCard Investor Relations website.

Payments Views - Notes from Venture Atlanta 2012

GP Logo Horizontal 140pxOver on Payments Views, Glenbrook's Elizabeth McQuerry is just back from Venture Atlanta 2012, where she was looking for payments-related innovation.

Pindrop deploys location analytics, acoustic “finger printing” and other analytics to provide a holistic solution that uses your phone call to authenticate you. This technique, if successful, would turn the call center or help desk into a reasonably secure proposition over the weakest link that it can be today. The banking industry sorely needs solutions like these.

Her full post is here.

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