Visa logs fiscal Q1 beat, unveils 4-for-1 stock split

Visa, which earns money from both the volume and value of transactions using its cards, said total volume increased to $1.90 trillion (1.26 trillion pounds) from $1.84 trillion (1.22 trillion pounds). Visa lost its right to process domestic payments in Russia in the middle of last year when Moscow hit back after the imposition of Western sanctions over its role in Ukraine. Visa reaffirmed its revenue and margin forecasts for 2015 after taking into account an expected 2 percentage point negative impact from changes in foreign exchange rates. About 60 percent of Visa's transaction volumes are outside the United States.

via Business News http://ift.tt/1yRHYCh