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Visa, Inc. (V) Presents at Evercore ISI Payments & FinTech Innovators Forum Broker Conference Call - (Transcript)

Mar. 06, 2020 4:22 PM ETVisa Inc. (V) Stock
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Visa, Inc. (NYSE:V) Evercore ISI Payments & FinTech Innovators Forum March 5, 2020 12:40 PM ET

Company Participants

Vasant Prabhu - Vice Chairman & CFO

Conference Call Participants

David Togut - Evercore ISI

David Togut

Great. Thanks so much, Vasant, for joining us today, and thanks so much to Visa for participating in Evercore ISI's Fourth Annual Payments & FinTech Innovators Forum. I'm David Togut, I research the payments, processors and IT services industry for Evercore ISI.

In addition to CFO, Vasant Prabhu, we have Mike Milotich, Head of Investor Relations. Mike, thanks so much for being with us as well today. So just to start on...

Vasant Prabhu

Hello, David.

David Togut

Go ahead, Vasant.

Vasant Prabhu

No. I hope you can hear me, and I apologize for not being there in person, but go ahead.

David Togut

We understand under the circumstances, and we can hear you very well here in New York.

Vasant Prabhu


Question-and-Answer Session

Q - David Togut

So on Monday night, you put out an 8-K prereleasing the March quarter, the impact of coronavirus. I think the 8-K is very self-explanatory, and so I won't specifically ask you about the 8-K. But perhaps more broadly, could you talk about the durability of Visa's business and financial model to withstand shocks like coronavirus, to the extent this goes on for a prolonged period of time?

Vasant Prabhu

Yes. Right, as you said, David, I mean, we gave you the best picture we could of what we were seeing through the end of February. And as you saw, I mean, the primary impact was on the cross-border business. And the cross-border business part was also travel-related, primarily at this point. And these things happen. We've gone back and looked at SARS. There's a recovery track.

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