RADNOR, Pa., Dec. 11, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Visa Inc. ("Visa") (NYSE: V) on behalf of those who purchased or otherwise acquired Visa securities between November 16, 2023, and September 23, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is January 21, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered Visa losses, you may CLICK HERE  ...

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Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Visa Inc. regarding a class action lawsuit alleging violations of federal antitrust laws during a specified class period [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from November 16, 2023, to September 23, 2024 [2]. - Allegations include that Visa issued materially false and misleading statements and failed to disclose compliance issues with federal antitrust laws [2]. - The lawsuit claims that investors suffered damages when the true details about Visa's compliance were revealed [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action by the deadline of January 21, 2025, to potentially be appointed as lead plaintiff [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring software for status updates throughout the case [3]. - Participation in the case incurs no cost or obligation for shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Visa Inc. regarding a class action lawsuit alleging violations of federal antitrust laws during a specified class period [1][3]. Group 1: Class Action Details - The class period for the lawsuit is from November 16, 2023, to September 23, 2024 [3]. - Allegations include that Visa issued materially false and misleading statements and failed to disclose compliance issues with federal antitrust laws [3]. - The lawsuit claims that investors suffered damages when the true details about Visa's compliance were revealed [3]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action by the deadline of January 21, 2025 [4]. - Registration allows shareholders to be enrolled in a portfolio monitoring software for updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who incurred losses due to misleading statements [5].

Core Viewpoint - A class action lawsuit has been filed against Visa Inc. for allegedly misleading investors about the risks of antitrust investigations related to its monopolization of the debit card payment processing market [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Visa downplayed the likelihood of federal antitrust investigations, which ultimately materialized when the U.S. Department of Justice sued Visa on September 24, 2024 [2]. - Following the announcement of the lawsuit, Visa's stock price dropped by $1.48, or 5.38%, closing at $26.03 per share [2]. Group 2: Class Action Participation - Investors who purchased Visa securities between November 16, 2023, and September 23, 2024, may be eligible to participate in the class action [1][3]. - Shareholders interested in serving as lead plaintiffs must submit their applications by January 20, 2025 [3]. Group 3: Legal Representation - Robbins LLP, the law firm handling the case, operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [4]. - The firm has a history of recovering over $1 billion for shareholders since its inception in 2002 [5].

Summary of Visa Inc. Conference Call Company Overview - **Company**: Visa Inc. (NYSE:V) - **Event**: UBS Global Technology and AI Conference - **Date**: December 3, 2024 Key Industry Insights - **Industry**: Payment Processing and Financial Services - **Recent Trends**: Strong performance reported by major companies in the payment processing sector, including Visa, MasterCard, Square, and Fiserv, particularly during the holiday season [3][4] Core Financial Performance - **Payment Volumes**: U.S. payment volumes have remained healthy, slightly above Q4 levels, with eCommerce outperforming [6][7] - **Transaction Growth**: Transactions and cross-border volumes are consistent with previous updates, indicating robust consumer demand [6][7] - **Value-Added Services**: This segment represents approximately 25% of revenue, growing at over 20% annually, contributing significantly to overall revenue growth [9][11] Value-Added Services - **Revenue Contribution**: Value-added services and new flows combined account for over 30% of total revenue, with value-added services growing at 20%+ [11][12] - **Service Categories**: - Services for Visa transactions, enhancing security and reliability [12][13] - Services for all transactions, including acceptance services [15][16] - Services beyond payments, such as consulting and analytics [17] - **Incentives**: Value in Kind (VIK) incentives are used to align interests with clients, facilitating growth in volumes and services [20][21] International Transaction Revenue - **Revenue Composition**: International transaction revenue constitutes about 25% of gross revenues, driven by cross-border business [25] - **FX Volatility Impact**: FX volatility has been a headwind in FY '24 but is expected to be a slight tailwind in FY '25, affecting yield and revenue [24][28] Operating Expenses and Investments - **Expense Growth**: Operating expenses are expected to grow in the high single-digit to low double-digit range, reflecting investments in new flows and value-added services [32][33] - **Investment Focus**: Investments are directed towards innovation, acquisitions (e.g., Pismo, Featurespace), and specialized sales efforts [37][38] Tax Rate Guidance - **Expected Tax Rate**: The effective tax rate for FY '25 is guided at 18% to 18.5%, slightly higher than FY '24 due to one-time benefits in the previous year [41][42] Visa Flexible Credentials - **Product Launch**: Visa Flexible Credentials allows consumers to toggle between multiple funding sources, enhancing user control and engagement [44][45] - **Market Adoption**: Over 100 issuers are interested in this offering, with successful launches in the U.S. and Japan [43][48] Acquisition of Pismo - **Strategic Fit**: Pismo enhances Visa's capabilities in cloud-native banking solutions, complementing existing services and expanding market reach [50][52] - **Client Engagement**: Positive traction with major clients like Citi, indicating strong demand for Pismo's offerings [53] Open Banking and Regulatory Compliance - **CFPB Draft Rules**: Visa supports consumer control over data and is prepared to comply with new regulations, leveraging its acquisition of Tink to enhance open banking capabilities [56][57] Conclusion - Visa Inc. is experiencing strong growth driven by robust consumer demand, innovative value-added services, and strategic investments in technology and acquisitions. The company is well-positioned to navigate regulatory changes and capitalize on emerging market opportunities.

Group 1 - Visa reported strong performance trends during the holiday season, leveraging extensive data analysis to understand consumer behavior [3][4] - The company highlighted the significance of key shopping days such as Black Friday and Cyber Monday, referring to the period as the "Cyber Five" [4] - In October, Visa noted an uptick in its underlying business drivers during the first three weeks, indicating positive momentum heading into the holiday quarter [5] Group 2 - Visa, along with other major companies like MasterCard and Square, provided a consistent update on strong performance trends during the recent earnings season [3] - The company emphasized its data-driven approach to analyzing shopping trends, which has become increasingly relevant during the holiday season [4] - Visa's Chief Financial Officer, Chris Suh, participated in the UBS Global Technology and AI Conference, discussing these trends and insights [1][2]

Core Viewpoint - A securities class action lawsuit has been filed against Visa Inc. for alleged violations of federal antitrust laws during the class period from November 16, 2023, to September 23, 2024 [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Northern District of California [1]. - The lead plaintiff deadline for investors to seek representation is January 21, 2025 [1][4]. Group 2: Allegations Against Visa - The complaint alleges that Visa made materially false and misleading statements regarding its compliance with federal antitrust laws [3]. - It is claimed that Visa lacked effective internal programs and policies to ensure compliance with these laws [3]. - As a result of these alleged failures, the public statements made by Visa were deemed materially false and misleading throughout the class period [3]. Group 3: Legal Representation - Investors may choose to seek appointment as a lead plaintiff or remain absent from the class [4]. - The lead plaintiff will represent the interests of all class members and select counsel for the litigation [4]. Group 4: Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Visa Inc. securities between November 16, 2023, and September 23, 2024, about the January 21, 2025, deadline to become a lead plaintiff in a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Visa securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must file with the Court by January 21, 2025 [3]. - The lawsuit alleges that Visa made materially false and misleading statements regarding compliance with federal antitrust laws, which resulted in investor damages when the truth was revealed [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4].