8-KRegulation FD

VISA INC. 8-K Report, Regulation FD Disclosure (May 30, 2012)

Filed May 30, 2012For Securities:V

Summary

Visa Inc. filed this Form 8-K on May 30, 2012, to provide investors with updated operational data ahead of discussions at the Cowen and Company 40th Annual Technology, Media and Telecom Conference. The report offers a glimpse into key performance indicators for April and the early part of May 2012, specifically focusing on payments volume, cross-border transactions, and processed transactions. While the data indicates some divergence, particularly a notable decline in U.S. debit payments volume, it also shows robust growth in U.S. credit volume and consistent strength in global cross-border volume. The prepared remarks aim to offer context to investors regarding Visa's performance trends during this period, helping them assess the company's ongoing business momentum.

Key Highlights

  • 1Visa provided selected operational data for April and the first 28 days of May 2012.
  • 2U.S. aggregate payments volume showed a negative 3% growth in April 2012 but recovered to 0% growth year-to-date through May 28, 2012.
  • 3U.S. credit payments volume demonstrated positive growth, increasing by 8% in April and 10% through May 28, 2012.
  • 4U.S. debit payments volume experienced a significant decline, with negative 12% growth in April and negative 8% growth through May 28, 2012.
  • 5Global cross-border volume growth remained strong, at a positive 13% on a constant dollar basis for both April and the period through May 28, 2012.
  • 6Processed transactions growth was negative 1% globally in April but turned positive at 1% through May 28, 2012.
  • 7This information was provided in anticipation of investor discussions at the Cowen and Company 40th Annual Technology, Media and Telecom Conference.

Frequently Asked Questions

Visa disclosed data on U.S. aggregate payments volume, U.S. credit payments volume, U.S. debit payments volume, global cross-border volume growth (on a constant dollar basis), and global processed transactions growth.

U.S. credit card volumes showed positive growth, increasing by 8% in April and 10% year-to-date through May 28, 2012. Conversely, U.S. debit card volumes experienced a significant decline, down 12% in April and 8% year-to-date through May 28, 2012.

Visa's international business showed strength, with global cross-border volume growing by a healthy 13% on a constant dollar basis in both April and the period through May 28, 2012. Global processed transactions also turned positive, growing by 1% year-to-date through May 28, after a slight decline in April.

Visa released this information to provide investors with selected data in advance of investor discussions at the Cowen and Company 40th Annual Technology, Media and Telecom Conference, offering insights into their recent operational performance.