Is visa's business back to normal?
As TheFly.com reports this morning, Visa revealed in its post-earnings conference call -- but not in its official earnings press release -- that although Visa's "business has been on a recovery track for the past three to four quarters [it is] not back to normal yet globally. ...
Can I renew my lost visa in the US?
Only diplomatic visa holders and their dependents may renew them in the United States. If you lost your visa or the Arrival/Departure Records (a Form I-94) to enter the U.S., the Bureau of Consular Affairs has guidance on reporting and re-issuance of travel documents: File a police report and get the number of the report and the officer's name.
Are visa users experiencing issues with purchases?
DownDetector says that 51 per cent of Visa users are experiencing issues with purchases. A further 27 per cent reported issues coming from payments while eight per cent said they had trouble accessing the website.
What to do if your visa is lost or stolen?
1 File a police report and get the number of the report and the officer's name. 2 Request replacement of a lost/stolen arrival/departure record ( Form I-94 ). 3 Report the lost/stolen visa or Form I-94 to your embassy. 4 Report and apply for a replacement of your visa lost/stolen to the U.S. Embassy or consulate abroad.
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What happened
Shares of credit card giant Visa ( V -2.43% ) had dropped 4.5% as of 10:40 a.m. EDT Wednesday despite the company beating earnings in its fiscal fourth-quarter 2021 earnings report released last night.
So what
Visa's revenue beat represented 29% year-over-year growth from last year's Q4 revenue, and GAAP profits surged 68% year over year. Visa's full-year results were also good, but less so. Full-year revenue rose 10%, and full-year profit, 13%.
NYSE: V
Visa management credited "the continuation of the recovery in many global economies and the increased diversification of our revenue with new flows and value added services" for helping it produce the strong numbers, and predicted that "looking ahead, Visa is even better positioned for the future as cross-border travel recovers and we continue to drive the rapid growth of digital payments.".
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Financial Performance
Payments volume of Visa on a constant-dollar basis climbed 34% year over year in the third quarter. Reflecting transactions processed by Visa, the company’s processed transactions grew 39% year over year to 42.6 billion courtesy of domestic transactions.
Balance Sheet (as of Jun 30, 2021)
Visa exited the quarter with cash and cash equivalents of $18 billion, which increased 10.7% from fiscal year end Sep 30, 2020. Total assets were $82.7 billion, up 2.2% from fiscal year end Sep 30, 2020. Long-term debt decreased 0.4% from fiscal year end Sep 30, 2020 to $21 billion.
Share Buyback and Dividend Update
In the quarter under review, the company bought back shares worth $2.2 billion.
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How to check status of US visa?
To check on the status of your U.S. Visa application: 1 United States: Contact the National Visa Center (NVC) at 1-603-334-0700 for immigrant visas. For nonimmigrant visas, call 1-603-334-0888. Or use the Consular Electronic Application Center (CEAC). 2 Abroad: Contact the U.S. Embassy or consulate where you filed your application.
What to do if consular officer denies visa?
If the consular officer denies your application, ask them to explain why. While you are not eligible to reapply for a visa if the officer denies your application, you can apply for a waiver instead.
How to check on my visa status?
To check on the status of your U.S. Visa application: United States: Contact the National Visa Center (NVC) at 1-603-334-0700 for immigrant visas. For nonimmigrant visas, call 1-603-334-0888. Or use the Consular Electronic Application Center (CEAC). Abroad: Contact the U.S. Embassy or consulate where you filed your application.
What to do if you lost your visa?
If you lost your visa or the Arrival/Departure Records (a Form I-94) to enter the U.S., the Bureau of Consular Affairs has guidance on reporting and re-issuance of travel documents: File a police report and get the number of the report and the officer's name.
Where to report lost I-94?
Report the lost/stolen visa or Form I-94 to your embassy.
So what
Does this make sense, though? I mean, on the one hand, sure, coronavirus couldn't have picked a worse time to rear its ugly head again. South Africa literally dropped this bombshell on the markets just as American consumers were digging into their Thanksgiving turkeys Thursday, and fueling up to go out and begin their Black Friday shopping.
NYSE: V
For a stock market driven by consumer spending, this was truly horrible timing.
Now what
On the other hand, consider how investors are reacting today: They're selling off Visa and Mastercard shares, two of the companies most favorably positioned to benefit if consumers once again retreat to their keyboards to shop online with credit cards rather than go out to physical stores where they might be tempted to -- horrors! -- pay for their purchases with cash money..
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