Visa reported Tuesday (July 28) that its second-quarter results suffered from plummeting consumer spending amid COVID-19, although the pandemic did boost online spending and contactless cards. "Tap to pay is likely to accelerate post-COVID, especially as consumers start going back to the office where they tend to conduct smaller transactions for their commute, paying for public transit fares and buying food and drinks," CEO Al Kelly said during the company's earnings call with analysts.

pymnts.com

The busiest week of earnings season rolls on when Visa reports after the bell Tuesday, and options traders are betting on a big payoff when the payment giant's results cross the wire.

CNBC

Check out the companies making headlines after the bell: Starbucks - Shares of the coffee giant jumped 5% in extended trading after the company posted its third-quarter financial results. The company reported a third-quarter loss of 46 cents per share excluding some items on revenues of $4.22 billion.

CNBC

Shares in Visa (V) pulled back 2% in Tuesday's after-hours trading after the financial giant reported disappointing revenue for the fiscal third quarter.Specifically, revenue of $4.84B represented a 17% year-over-year decline, and missed consensus estimates by $10M. However non-GAAP EPS of $1.06 beat

Yahoo Finance

Visa shares traded down nearly 2% after market hours. The quarter was the first to reflect how spending on Visa transactions was impacted for three straight months by coronavirus-related shutdowns. Visa said total payments volume decreased 10%, on a constant dollar basis, and the number of process

Yahoo Finance

The property market in Barbados has seen a swell of interest following the government's recent announcement of a new visa that allows individuals to work remotely from the Caribbean island for one year without paying Barbados income tax, according to a report Tuesday from Knight Frank.

Barron's

Under President Donald Trump, the H-2A visa program for farmworkers has grown rapidly, outpacing the H-1B visa for skilled workers. But the H-2A program has subjected some workers to horrific abuse.

NBC News

European Union: If You Would Like To Live In Italy The Visa Route May Be Best If you would like to live in Italy but do not have any of the required criteria that grants dual nationality it still is possible to gain the right to live in Italy.

Mondaq News Alerts

Visa Inc. V reported third-quarter fiscal 2020 earnings of $1.06 per share, which beat the Zacks Consensus Estimate by 3.92%. However, the bottom line declined 23% year over year. Further, net operating revenues of $4.8 billion surpassed the Zacks Consensus Estimate by 0.62%. Nevertheless, the top line fell 17% year over year.

Yahoo Finance

As expected, the coronavirus pandemic had a major impact on Visa's fiscal third-quarter results. However, the company's disclosures on weekly trends suggest the situation is improving. We remain comfortable with our full-year projections, and will maintain our $166 fair value estimate and wide moat rating.

Morningstar.com

SAN FRANCISCO (AP) - Visa Inc. (V) on Tuesday reported fiscal third-quarter profit of $2.37 billion. On a per-share basis, the San Francisco-based company said it had profit of $1.07. Earnings, adjusted for non-recurring gains, were $1.06 per share. The results surpassed Wall Street expectations.

San Mateo Daily Journal

US Senator Richard Durbin is requesting the Fed probe card networks and issuers, such as Mastercard and Visa, over potentially anticompetitive fees. With a new slew of US-based fee changes from the major networks on the way, a Fed investigation could intensify conversations about fees and pressure to make changes.

Business Insider

Payments stock reported fiscal third-quarter earnings and revenue that fell sharply as the coronavirus pandemic and shutdowns trigger a global recession, plunging consumer spending and a near halt to international travel. The Dow Jones stock fell late Tuesday, pulling back from a buy point.

Investor's Business Daily

Visa (V) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.92%.

Yahoo Finance

The limits are "an unequivocal 'not welcome' sign" to critical workers who help drive the economy, the CEO of the U.S. Chamber of Commerce said.

HR Dive

Wedding plans are among the big things that people put on hold because of the pandemic, including those who have significant others living in another country. Sabrina Vitale was supposed to get married in a few months in December but due to the travel ban and her fiancé inability to get a visa, she doesn't [...]

OurQuadCities.com

Shares of Visa (NYSE:V) moved lower by 1.14% in after-market trading after the company reported Q3 results.Quarterly Results Earnings per share decreased 22.63% over the past year to $1.06, which beat the estimate of $1.03.Revenue of $4,837,000,000 declined by 17.17% from the same period last year, which

Yahoo Finance

Visa reported Q3 results that missed estimates, posting $4.8 billion in revenue, falling just shy of the Street's estimates of $4.84 billion. Yahoo Finance's Jared Blikre joins The Final Round panel to break down the details.

Yahoo Finance

(AP) - A Chinese scientist charged with visa fraud after authorities said she concealed her military ties to China in order to work in the U.S. made her first appearance Monday in federal court by video. Juan Tang, 37, was appointed a federal public defender and U.S.

The Business Journal

Collapsed payments processor Wirecard AG miscoded gambling transactions and had high levels of stolen card purchases and reversed transactions, leading to hefty fines from card networks Visa Inc. and Mastercard Inc., according to people familiar with the matter. Visa and Mastercard each imposed fines exceeding $10 million more than a decade ago, and the networks remained wary of Wirecard's business.

The Wall Street Journal