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V

Visa

$81.69

0.87 (1.08%)

08:01
11/22/16
11/22
08:01
11/22/16
08:01

Visa modifies policies on debit routing

Visa announced it has modified and clarified existing debit network routing rules to help merchants and acquirers better understand implementation options related to the adoption of EMV chip technology in the U.S. The modifications and clarifications follow new guidance recently issued from the Federal Reserve and address a Federal Trade Commission inquiry. With Visa chip cards, debit routing and processing are enabled by two payment application identifiers on the chip - the U.S. Common Debit AID or the Visa Debit AID. The Common Debit AID can support any of the more than one dozen domestic debit networks that issuers can choose to offer in addition to Visa Debit. This provides merchants with the ability to select the network over which a debit transaction is processed or routed. Visa is providing additional clarification that merchants can use the Common Debit AID exclusively to route U.S. debit transactions if they choose. Merchants are also not required to ask the cardholder to choose the AID or network for processing debit transactions. Merchants can continue to automatically ask, or prompt, a Visa cardholder to enter a PIN on in-person transactions, provided the cardholder can still use their card without a PIN if they prefer.

V Visa
$81.69

0.87 (1.08%)

10/25/16
GUGG
10/25/16
DOWNGRADE
GUGG
Neutral
Visa downgraded to Neutral from Buy at Guggenheim
10/25/16
DBAB
10/25/16
NO CHANGE
Target $103
DBAB
Buy
Visa FY17 guidance looks conservative, says Deutsche Bank
Deutsche Bank analyst Bryan Keane says Visa reported a "solid beat" for Q4 and that its outlook for FY17 appears conservative. The analyst keeps a Buy rating on the shares with a $103 price target.
10/25/16
10/25/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. T-Mobile (TMUS) downgraded to Buy from Conviction Buy at Goldman with analyst Brett Feldman citing recent share outperformance. 2. Under Armour (UA) downgraded to Market Perform from Outperform at William Blair with analyst Sharon Zackfia saying the company's investments will constrain earnings growth to the mid-teens through 2018. 3. Visa (V) downgraded to Neutral from Buy at Guggenheim. 4. Sonic (SONC) downgraded to Market Perform from Outperform at Telsey Advisory and to Equal Weight from Overweight at Stephens. 5. VF Corp. downgraded to Neutral from Overweight at JPMorgan, to Neutral from Buy at Citi, and to Hold from Buy at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/16
JEFF
11/15/16
NO CHANGE
JEFF
Jefferies sees attractive entry points for Payments stocks
Payments stocks Visa (V), MasterCard (MA), PayPal (PYPL), Global Payments (GPN), Vantiv (VNTV) have been big underperformers since Election Day as investors rotate into core Financials, Jefferies analyst Jason Kupferberg tells investors in a research note. The corrections of up to 10% are not warranted fundamentally, the analyst contends. Kupferberg sees attractive entry points at current levels and highlights PayPal and Visa as his top picks.

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