Visa Ahead Of The Curve

Strong Beginning To 2009

Just when you thought it was all doom and gloom in an ailing economy, a beacon of light. Defying economic trends, Visa reporting a net operating revenue of $1.74 billion in 2009. This is a 17% increase from its $1.49 billion at this point 2008. This figure is the result of positive growth in all categories. The largest sector being international transaction revenues, $500 million to be exact. The company anticipates positive net revenue growth for all of 2009. There is however, talk that 2010 could bring declining economic conditions in the credit card industry. Many analysts feel that the implosion that has wreaked havoc on the economic front will indeed spread to the credit card sector. As more and more people rely heavily on credit just to get by, this to could result in the house of cards tumbling. In the short term.....Visa stands strong in a turbulent market.

Todd
Southern Lending Solutions

Visa Covers Lawsuit Charges

Visa Inc. just deposited $1.1 billion into its litigation account to cover legal charges. Visa recently became a publicly held company, the giant set aside $3 billion to cover lawsuits, but the company has already spent $2.1 billion in a settlement with American Express Co for anti-competence practices. In addition, the credit card network agreed in October to pay $1.89 billion to Discover Financial Services over the next year for a similar settlement, surpassing the funds initially separated to cover legal charges.

Todd
Southern Lending Solutions

Visa Covers Lawsuit Charges

Visa Inc. just deposited $1.1 billion into its litigation account to cover legal charges. Visa recently became a publicly held company, the giant set aside $3 billion to cover lawsuits, but the company has already spent $2.1 billion in a settlement with American Express Co for anti-competence practices. In addition, the credit card network agreed in October to pay $1.89 billion to Discover Financial Services over the next year for a similar settlement, surpassing the funds initially separated to cover legal charges.

Revisiting The Payment Portal

In earlier posts we discussed the benefits of e-commerce and internet processing. As a reminder, businesses that accept credit cards are often unfamiliar with "the payment gateway". A payment gateway is a web based solution for credit card acceptance. Logging into a secure website allows the business to enter a credit card transaction and get instant approval all from the pc or laptop. It is an exceptional opportunity specifically for those industries that bill on invoice or have reoccurring business. Simple parameters can be set to automatically handle specific customers differently, an option that certainly is not available with the standard credit card terminal. The ability to access a merchant account remotely at anytime, adds a great value to an already popular service.

Todd
Southern Lending Solutions

Examining The Merchant Cash Advance

The economy is continuing to sour and credit is becoming increasingly more difficult for businesses to attain. The merchant that accepts Visa/MasterCard Payments has a viable option on the table and often a hidden treasure. A business can be advanced money based on its projected electronic payment transactions. This maybe the solution for the law office in need of new furniture, or the medical practice in need of an upgrade to outdated medical equipment.

The merchant cash advance is therefore a way for businesses to receive funding without having to fork over huge down payments or jump through hoops at their local banks to secure a loan. Merchant cash advance is receiving serious airtime in market badly in need of solutions.

Todd
Southern Lending Solutions