Visa
This top credit card issuer is becoming a huge leader in digital pay. Visa Inc. (NYSE: V) operates as a payments technology company worldwide. Its products and services include the following:
- VisaNet, a transaction processing network that enables authorization, clearing and settlement of payment transactions.
- Credit, debit and prepaid card products
- Tap to pay, tokenization and click to pay
- Visa Direct, a real-time payments network
- Visa B2B Connect, a multilateral B2B cross-border payments network
- Visa Treasury as a Service, a cross-border consumer payments business
- Visa DPS, providing a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions and contact center services.
- Cybersource, a payment management platform
- Risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Advanced Identity Score and Visa Consumer Authentication Service
- Visa Consulting and Analytics, a payments consulting advisory service.
The company provides its services under the Visa, Visa Electron, Interlink, VPAY and PLUS brands.
Shareholders receive a 0.83% dividend. Visa stock has a $288 target price at Morgan Stanley. The consensus target is $261.48. Shares closed at $222.59 on Thursday.
These six top stocks owned by Buffett’s Berkshire Hathaway should do very well as interest rates continue higher and may be poised to stay at 16-year highs well into 2024. Given the inversion between the two-year note and the benchmark 10-year government paper, it is a good bet that a recession is headed our way in the second half of 2023, so it makes sense to own stocks that will benefit from the surge higher in rates and the fact that they may stay there for some time to come.
Originally published at 24/7 Wall St.
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