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Visa CEO Charles Scharf to step down, ex-American Express president to take over

Visa CEO Charles Scharf to step down, ex-American Express president to take over

Visa Inc said Chief Executive Charles Scharf, who orchestrated the company`s reunion with its European affiliate, is stepping down and will be succeeded by former American Express Co President Alfred Kelly.

Visa joins MasterCard, AmEx in ending use for Backpage sex ads

Visa Inc said on Wednesday it is joining MasterCard Inc and American Express Co in barring its credit cards from being used to pay for ads on Backpage.com following a request from a Chicago sheriff who said the site is used by sex traffickers.

Visa reports better-than-expected quarterly profit

Visa Inc, the world`s largest credit and debit card company, reported a better-than-expected quarterly profit on Thursday as a strengthening U.S. job market and cheaper gasoline prices encouraged people to spend.

Visa sees mobile payment as big growth driver

Visa Inc reported a better-than-expected adjusted quarterly profit and said the mobile payment industry would be "a great driver" for business, sending its shares up nearly 4 percent in extended trading.

Wal-Mart sues Visa for $5 billion over card swipe fees

Visa and other card networks charge retailers fees, called swipe fees or interchange fees, each time a shopper uses a debit or credit card to pay.

MasterCard, Visa form group to enhance payment security

Visa Inc and MasterCard Inc, the world`s two largest payment networks, have formed a new cross-industry group to improve payment system security following a number of high-profile data breaches.

Visa Inc, MyUS.Com tie up to facilitate buying from US stores

The partnership enables Visa cardholders to access deals and to pay with their card, a company release said.