Visa Inc. said Wednesday that its card payments volume rose 14% year over year, to $828 billion, in its fourth quarter.
The San Francisco company said the total number of processed transactions rose 16% year over year, to $12.1 billion.
Revenue in the quarter, which ended Sept. 30, rose 13%, to $2.1 billion.
Net income rose 51%, to $774 million, in the quarter.
Net income for the full year rose 26%, to $3 billion.
The Consumer Financial Protection Bureau, which has dismissed scores of enforcement attorneys early in President Donald Trump's second term, is staffing up its litigation arm in anticipation of defending its rules in court.
Autonomous large language models sometimes do things they absolutely should not, such as suddenly go off and mine cryptocurrency. Here's what AI-forward banks can do about this problem.
The president of an affiliate mortgage securitization guarantor is taking on the responsibilities associated with the Federal Housing Administration role.
The move is the first cog in a wider plan to make tokenized deposits more interoperable across borders and, eventually, among the bank's clients.
Goldman CEO David Solomon called the overall macroeconomic environment "constructive" on Monday, but he also addressed the elephant in the room: a war in Iran that threatens to drive up U.S. inflation.
Bills in Congress, capital rules, GSE reform and credit modernization hold a mix of benefits and risks for Independent Community Banker of America members, Senior Vice President Ron Haynie says.
