International Business News - Visa http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Visa Inc. said Tuesday it is teaming up with Yalamanchili Software Exports Ltd. to for a joint venture that will allow Visa to expand its card processing capabilities into more markets. http://www.ibtimes.com/articles/20081202/visa-yalamanchili-launch-joint-venture.htm Tue, 02 Dec 2008 09:59:35 EST The first of many South Korean tourists arrived in Hawaii on Monday under a new program that allows them to enter the United States without visas. About 800,000 Koreans visit the U.S. each year, and that number could double in 2009 because of the new program, said Austin Kang, co-chair of the Korean Visa Waiver Committee. http://www.ibtimes.com/data/articleimgs/176919-visa-waiver-hawaii.jpg http://www.ibtimes.com/articles/20081117/south-koreans-make-first-trip-to-hawaii-sans-visas.htm http://www.ibtimes.com/articles/20081117/south-koreans-make-first-trip-to-hawaii-sans-visas.htm Mon, 17 Nov 2008 22:00:59 EST The first South Korean tourists without visas are arriving in the United States. Sixteen South Korean visitors traveled to Hawaii on Monday under a new visa waiver program, which will allow people from the Asian nation to use a passport rather than a visa. http://www.ibtimes.com/articles/20081117/korean-tourism-to-us-expected-to-jump.htm Mon, 17 Nov 2008 15:50:59 EST South Korean tourists can enter Hawaii without visas beginning Nov. 17. Hawaii tourism liaison Marsha Wienert (WHY-nert) says Friday that she expects the 40,000 tourists that came from South Korea in the past year to double in the first year of the program and double again in 2010. http://www.ibtimes.com/articles/20081031/south-koreans-can-enter-hawaii-sans-visas-nov-17.htm Fri, 31 Oct 2008 21:35:35 EDT Credit card processor Visa Inc. on Wednesday said it had a narrower loss for its fiscal fourth quarter, and adjusted results topped expectations as service fees, data processing fees and international transaction fees all rose. http://www.ibtimes.com/articles/20081029/visa-posts-narrower-4q-loss-sees-growth-slowing.htm Wed, 29 Oct 2008 19:03:54 EDT Mastercard and Visa have settled with Discover Financial Services to the tune of $2.75 billion over allegations that the two companies engaged in anti-competitive practices. http://www.ibtimes.com/data/articleimgs/160886-.jpg http://www.ibtimes.com/articles/20081027/mastercard-visa-settle-75bn-lawsuit.htm http://www.ibtimes.com/articles/20081027/mastercard-visa-settle-75bn-lawsuit.htm Mon, 27 Oct 2008 21:46:40 EDT Discover will receive a $2.75 billion settlement from competitors Visa and Mastercard over allegations of anti-competitive practices. http://www.ibtimes.com/articles/20081027/discover-settles-billion-from-visa-mastercard.htm Mon, 27 Oct 2008 21:33:46 EDT Credit card company Mastercard and Visa said they have reached a settlement with Discover Financial Services on Monday, agreeing to pay $2.75 billion over allegations of anti-competitive practices. http://www.ibtimes.com/data/articleimgs/160872-.jpg http://www.ibtimes.com/articles/20081027/visa-mastercard-pay-billion-settle-discover-dispute.htm http://www.ibtimes.com/articles/20081027/visa-mastercard-pay-billion-settle-discover-dispute.htm Mon, 27 Oct 2008 21:25:55 EDT Hawaii tourism officials rejoiced upon hearing President Bush has decided to lift visa requirements for South Korean tourists. Friday's decision means South Koreans--like Japanese, Brits and citizens of other prosperous U.S. allies--will no longer have to go through the hassle of obtaining visas before they travel to the U.S. for short-term visits. http://www.ibtimes.com/data/articleimgs/154982-bush.jpg http://www.ibtimes.com/articles/20081018/hawaii-tourism-rejoices-over-skorea-visa-waiver.htm http://www.ibtimes.com/articles/20081018/hawaii-tourism-rejoices-over-skorea-visa-waiver.htm Sat, 18 Oct 2008 05:36:24 EDT President Bush, trying to eliminate a major source of contention with allied nations, announced Friday that the United States is rescinding visa requirements for citizens of six European countries and South Korea. http://www.ibtimes.com/articles/20081017/bush-announces-visa-waiver-for-7-countries.htm Fri, 17 Oct 2008 12:27:05 EDT The Bush administration plans to remove visa requirements for the citizens of seven allied countries, congressional aides said Thursday. President Bush will announce Friday that Latvia, Lithuania, Estonia, Hungary, the Czech Republic, Slovakia and South Korea will be added to the U.S. visa waiver program as early as next month, the aides told The Associated Press. http://www.ibtimes.com/articles/20081016/sources-us-to-waive-visa-rules-for-7-countries.htm Thu, 16 Oct 2008 19:54:17 EDT A report that China is imposing new visa restrictions for visitors to Macau is taking a toll on U.S. gaming stocks with properties in Asia's Las Vegas. http://www.ibtimes.com/articles/20081002/visa-limits-in-chinese-macau-hit-gambling-stocks.htm Thu, 02 Oct 2008 16:03:04 EDT Visa Inc. said Thursday it's developing mobile payment software for the new wireless phone powered by Google Inc.'s Android system. San Francisco-based Visa said Android users will be able to receive near real-time alerts about purchases via their mobile devices. Users also will be able to use location-based mapping technology to find ATM machines and nearby stores where they can redeem special Visa offers. http://www.ibtimes.com/articles/20080925/visa-develops-payment-software-for-google-phone.htm Thu, 25 Sep 2008 14:46:23 EDT European Union nations raised doubts Thursday whether a planned European "Blue Card" workers visa program would be effective enough to lure much needed skilled labor to Europe. http://www.ibtimes.com/articles/20080925/eu-haggles-over-labor-immigration.htm Thu, 25 Sep 2008 05:41:02 EDT National City Corp. and Visa Inc. renewed their existing contract Monday and expanded the amount of services included in the deal. While Cleveland-based National City will continue to offer Visa consumer and commercial credit and check card products, it will add Visa Interlink and Plus as its primary debit and ATM networks. The regional bank, which is trying to recover from steep losses in the home mortgage market, will also provide Visa's debit processing service. http://www.ibtimes.com/articles/20080915/national-city-visa-renew-and-expand-agreement.htm Mon, 15 Sep 2008 11:03:41 EDT Visa Inc. named company veteran Bill Sheedy as president of its North American operations. The San Francisco-based company said his role includes oversight of Visa's dealings with card issuers, merchants and third-party processors in the United States and Canada. http://www.ibtimes.com/articles/20080903/visa-names-president-of-north-american-operations.htm Wed, 03 Sep 2008 14:53:19 EDT William Blair & Co. analyst David Long began coverage of Visa Inc. on Tuesday with an "Outperform" rating, noting the credit card company's leading market share around the world. http://www.ibtimes.com/articles/20080826/visa-started-at-outperform-at-william-blair.htm Tue, 26 Aug 2008 10:56:02 EDT Visa Inc., the world's largest credit and debit card processor, said Friday its board had set Aug. 27 as the new record date for shareholders eligible to participate in its Oct. 14 annual meeting. http://www.ibtimes.com/articles/20080822/visa-shareholders-as-of-aug-27-can-vote-on-proxy.htm Fri, 22 Aug 2008 08:44:23 EDT Visa shares shot up Friday, buoyed by gains in the broader market, as investors found relief in a sharp decline in oil prices. Shares jumped $3.10, or 4.5 percent, to $72.60. Shares have traded between $55 and $89.84 since the company went public in March. http://www.ibtimes.com/articles/20080808/visa-shares-rally-alongside-broader-market.htm Fri, 08 Aug 2008 18:30:29 EDT Visa Inc. spent nearly $1.5 million in the second quarter lobbying on credit card rules and fees, among other issues, according to a recent disclosure form. http://www.ibtimes.com/articles/20080808/visa-spent-1-5m-lobbying-in-2q-on-card-rules.htm Fri, 08 Aug 2008 11:41:40 EDT