credit

Visa Beats Q3 Estimates

Visa Beats Q3 Estimates

Payment processing giant Visa Inc. (NYSE: V) said its fiscal third-quarter profit rose sharply from a year earlier, following its purchase of Visa Europe.The San Francisco-based company earned $2.06 billion in the period ending June 30, or 87 cents ..

U.K. Bans Credit Card Surcharges

U.K. Bans Credit Card Surcharges

On Wednesday, the U.K.’s Treasury Ministry announced that British retailers will be forbidden from forcing customers to pay surcharges when they pay for a transaction using a credit card. British consumers tend to face up to 20 percent of surc..

Vantiv Buy’s Britain Worldpay

Vantiv Buy’s Britain Worldpay

Vantiv, Inc. (NYSE: VNTV)London-based Worldpay was set up in 1989 and has 4,500 employees processing around 31 million mobile, online, and in store transactions each day. They have gained quite a large market share as consumers adopted cashless tran..

BP to take $750 million hit after backing out from Angola

BP to take $750 million hit after backing out from Angola

According to Reuters, BP P.L.C. (NYSE: BP), a British multinational oil and gas company headquartered in London, England, and one of the seven major one of the world's seven oil and gas "supermajors will take on a $750 million charge for un..