Proactiveinvestors Australia - Consumer Finance RSS feed Proactiveinvestors Australia - Consumer Finance feed en Sun, 21 Jan 2018 17:09:11 +1100 Genera CMS Midpoint Holdings updates on AGM result Thu, 11 Aug 2016 00:48:00 +1000 Midpoint completes second tranche of private placement Fri, 29 Jul 2016 00:04:00 +1000 Midpoint shareholder Wong acquires shares, warrants Wed, 06 Jul 2016 04:19:00 +1000 Midpoint raises $188,450 in first tranche of placing Tue, 05 Jul 2016 23:53:00 +1000 Midpoint Holdings arranges $250,000 private placement Tue, 05 Jul 2016 06:06:00 +1000 Midpoint's transactional volumes jump 44% in Q3 Wed, 01 Jun 2016 04:57:00 +1000 Midpoint boss ups his stake Wed, 18 May 2016 21:10:00 +1000 Midpoint Holdings completes second tranche of fund-raising Fri, 13 May 2016 21:12:00 +1000 Gemalto and Visa in Eurovision collaboration Tue, 10 May 2016 22:34:00 +1000 Midpoint Holdings appoints president & CEO David Wong as chairman Sat, 16 Apr 2016 04:54:00 +1000 Midpoint Holdings Ltd brings in over $480,000 with first tranche of financing Fri, 01 Apr 2016 23:31:00 +1100 Midpoint Holdings Ltd raising new capital with share placing Tue, 29 Mar 2016 23:32:00 +1100 Midpoint Holdings chief hails merits of its payment tech Fri, 18 Mar 2016 01:26:00 +1100 Midpoint extends Xero partnership with pay now app launch Fri, 04 Mar 2016 06:56:00 +1100 Midpoint's forex volumes continue to grow Wed, 02 Mar 2016 00:46:00 +1100 Midpoint posts larger loss, but higher revenue Wed, 02 Dec 2015 01:24:00 +1100 Midpoint names new chief executive as chairman steps down Mon, 30 Nov 2015 23:39:00 +1100 Midpoint Holdings welcomes start-up specialist adviser to board Thu, 05 Nov 2015 22:35:00 +1100 Visa consolidates with US$23bn buy of European arm Tue, 03 Nov 2015 04:45:00 +1100 Midpoint raises cash through share placement Fri, 30 Oct 2015 03:06:00 +1100 Midpoint Holdings is the real deal for FX traders Wed, 05 Aug 2015 04:48:00 +1000 Visa posts a record second quarter

Shares of Visa (NYSE:V) gained 4% today as the company posted 25% higher earnings more during the third quarter 2015 than a year ago thanks to 10% more payments made using its network.

The payment service giant earned US$1.7 billion US after payments to preferred shareholders, compared to earnings of US$ 1.36 billion for the same quarter in 2014. Earnings per share were 69 cents, compared to 54 cents US a year earlier, easily beating analyst expectations of 58 cents a share, as compiled by FactSet.

Visa processed some US$1.2 trillion in payments during the quarter, 11% more than in Q2 of 2014. Visa earns a small percentage of each transaction processed through its network. Net revenue reached US$3.52 billion compared to US$3.15 billion year over year.

Separately, Visa, which is one of FIFA’s most visible and largest sponsors on Thursday urged the formation of an independent committee deal with corruption within international soccer/football’s supreme governing body.

"We consider the management of our company, our brand and our customers with the utmost importance and we try to conform ourselves to the highest standards and work with those who think and act like us," said Visa’s CEO, Charlie Scharf, during a conference call following the release of earnings yesterday.

Scharf warned that he found FIFA’s response to the scandal related to anything from bribes to match fixing, “is quite inadequate and continues to prove that it is not aware of the importance of the changes needed," he said.

Visa, along with other major companies exposed to FIFA risk, has called for the creation of an independent commission of inquiry.

Sat, 25 Jul 2015 07:05:00 +1000