Visa Inc. (V) is the world’s largest
global payments company, with a proprietary network that interlinks
banks, retail merchants and payment houses around the world. It is part
of a unique league of financial services companies that do not issue
cards or extend credit to customers, but instead offer payments products
and services in partnership with banks and merchants to facilitate the
transfer of money.
The company, headquartered in Foster
City, California, was recently added as a component of the Dow Jones
Industrial Index (Dow 30), along with the Goldman Sachs Group, Inc. (GS)
and Nike, Inc. (NKE). With Visa’s purchase volumes making up a
substantial chunk of total US retail sales, the company’s financial
performance is a primary indicator of the level of consumer spending in
the American economy. AXP.
No comments:
Post a Comment