One of the most well-known names in finance is Visa (V). The company operates the world’s largest electronic payments network, providing processing services and payment product platforms, including credit, debit, prepaid, and commercial payments. Visa traces its roots back to the issuance of the first Bank of America credit cards in the late 1950s. Visa […]
Payments Industry
PayPal Shares Continue to Struggle After Near Takeover of Pinterest
Shares of PayPal (PYPL) have lost a third of their value since peaking above the $310 level in late July. Much of the selling pressure has come from a couple of missteps, like its near-acquisition of Pinterest (PINS) and disappointing guidance following PYPL’s most recent earnings report. To start, PYPL’s interest in PINS was a […]
WDI: When Your Favorite Stock Story Turns Out to Be a Scam
The Numbers For WDI Looked Great, but They Were Lies German digital payments company Wirecard (WDI), which processes payments for companies like Visa and Mastercard, has 6,000 employees in offices around the world. Last year, WDI had revenues of $2.2 billion—four times what they did in 2013. The company has been the toast of Wall […]