8-KRegulation FD

VISA INC. 8-K Report, Regulation FD Disclosure (Mar 13, 2013)

Filed March 13, 2013For Securities:V

Summary

Visa Inc. (V) filed a Form 8-K on March 13, 2013, to provide investors with updated operational data ahead of investor discussions at the Credit Suisse Annual Global Services Conference. The filing discloses key performance metrics for the period of January 1, 2013, through February 28, 2013, offering a snapshot of the company's recent growth trends. Key metrics presented include U.S. aggregate payments volume growth, with a positive 3% increase year-over-year. This was driven by a strong 11% growth in U.S. credit payments volume, partially offset by a 3% decline in U.S. debit payments volume. Globally, Visa reported robust cross-border volume growth of 10% on a constant dollar basis and a 4% increase in processed transactions, indicating positive momentum in international markets and overall transaction processing activity.

Key Highlights

  • 1Provided early 2013 operational data (Jan 1 - Feb 28, 2013) in anticipation of investor conferences.
  • 2U.S. aggregate payments volume grew 3% year-over-year for the period.
  • 3U.S. credit payments volume showed strong growth of 11%.
  • 4U.S. debit payments volume experienced a slight decline of 3%.
  • 5Global cross-border volume grew 10% on a constant dollar basis.
  • 6Global processed transactions increased by 4% year-over-year.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide investors with select, up-to-date operational data for Visa Inc. covering the period from January 1, 2013, to February 28, 2013. This information is shared in advance of investor discussions at the Credit Suisse Annual Global Services Conference.

For the January 1 through February 28, 2013 period, U.S. aggregate payments volume grew 3% compared to the prior year. This growth was a combination of an 11% increase in U.S. credit payments volume and a 3% decrease in U.S. debit payments volume.

Visa reported positive performance in its international and transaction processing segments. Global cross-border volume, a key indicator of international activity, grew 10% on a constant dollar basis. Additionally, global processed transactions increased by 4% year-over-year, demonstrating continued growth in transaction processing volume.

The information provided in this 8-K is for disclosure purposes and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it intended to be incorporated by reference into any Securities Act filings, unless specifically stated otherwise in future filings. Therefore, this specific 8-K disclosure does not directly alter previously reported financial statements.