Chief financial officers are facing pressure to reexamine the sources of cash in the corporate coffer — and how that cash is used, Darren Parslow, global head of Visa Business Solutions, noted in a recent interview. “Everyone’s calculating the cost of capital,” Parslow told PYMNTS’ Karen Webster,...
Visa plans to open a Technology and Product Hub in Poland. The new hub will be the digital payments company’s fifth such location globally and its first in Central and Eastern Europe, Visa said in a Tuesday (May 23) press release. “Poland’s highly skilled workforce and vibrant IT...
Visa Vice Chair and Chief Financial Officer (CFO) Vasant Prabhu will retire on Sept. 30. The firm said in a Thursday (Feb. 16) press release that Prabhu will help Visa search for and onboard his replacement, ensuring a smooth transition before he steps down. “I...
Atlanta, Georgia, is famous for many things, and it can now add a major Visa office presence to that list as the company announced opening its new hub there on Wednesday (Feb. 8). Plans were originally unveiled in 2021, and Visa’s decision to branch out...
Visa plans to hire 1,000 workers to staff the company’s new Atlanta offices. The expansion is part of Visa’s goal to have a strong presence in the communities “where it does meaningful business,” the company said in a Wednesday (Feb. 8) news release. “Atlanta, for...
Visa reported fiscal first quarter results that showed continued strides in new payment flows, including Visa Direct and contactless payments. Payments volume for the three months ending Dec. 31 increased 7% over the prior year on a constant-dollar basis. Cross-border volume, excluding intra-Europe, was up...
Ukraine has awarded its Peace Prize to Visa president and future CEO Ryan McInerney. “Visa is one of the first companies [that] suspended operations in Russia back in March,” Ukrainian Vice Prime Minister Mykhailo Fedorov said on Twitter Tuesday (Nov. 29). “And our reliable partner...
Visa has announced that the company’s long-serving president, Ryan McInerney, will become CEO as of Feb. 1, with current CEO Alfred F. Kelly, Jr. transitioning to the executive chairman’s role. In McInerney’s current post, which he has held since 2013, he is responsible for Visa’s...
Visa is bringing a contactless payments network to this year’s World Cup, joining a legion of companies attempting to make paying easier for sports fans. Visa said in a Thursday (Nov. 17) news release that contactless payments will be available at the eight stadiums hosting...
