Seeking Alpha

Highlights from Visa's presentation at a JPMorgan tech conference

  • Visa (V +0.2%) CEO Charlie Scharf presented today at a JPMorgan tech and media conference with a positive spin on the state of the global consumer.
  • Despite the obvious difficulties the company will have achieving its targeted growth rates in Russia and Venezuela, emerging markets and a payments acceleration in the U.S. should offset.
  • On EMV chip implementation: Visa supports moving forward with the technology as a way to reduce fraud losses. The process will take "years," not months.
  • Visa's margins might be maintained, but most likely won't be expanded as acquisitions and investments cut in.
  • The company forecasts it will ultimately benefit from higher interest rates.
  • JPMorgan Global Technology, Media & Telecom Conference webcast
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Comments (2)
  • BAHAMAS1
    , contributor
    Comments (2857) | Send Message
     
    VISA- Winner & still champion !
    19 May 2014, 07:45 PM Reply Like
  • User 7530821
    , contributor
    Comments (225) | Send Message
     
    Although not a desired outcome, in the big picture this is short term noise. Over the medium to long term global demographics and the growing rise of the middle class in developing markets will out weigh the potential ~3.15% revenue loss in Russia. The impact of Venezuela is even smaller.
    19 May 2014, 09:42 PM Reply Like
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