With another strong quarter, Visa and Mastercard position themselves for the AI age

Visa and Mastercard each delivered impressive results this week, offering a glimpse into global spending patterns and the evolution of the payments industry — one that looks, and increasingly functions, like cloud infrastructure. More on that below, but first, a word on two banger quarters. Visa and Mastercard both report rising revenue and earnings Visa’s fiscal fourth-quarter revenue rose 12% over last year to nearly $11 billion, with adjusted EPS up 10%. Payment volumes climbed 9%, while cross-border ...