SAN FRANCISCO, June 24, 2011 /PRNewswire via COMTEX/ -- Visa Inc. (NYSE: V) today announced that it will update its financial outlook for fiscal year 2011 and select metrics for fiscal year 2012 in a Form 8-K to be filed on July 6, 2011 after market close. Today's announcement follows the commitment management made in its last earnings call to update aspects of its financial expectations once the timing of final rules from the Federal Reserve was made known. Those rules are expected to be formally proposed on June 29, 2011.
Visa's executive management team will then host a brief conference call beginning at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its initial views of the Fed rules and any resulting impacts to its business.
Visa's business foundation remains solid and we will continue to be a growth company. Our global network, strong client relationships, product and service offerings, and global brand underpin our ongoing success. As we have done throughout our history, we will continue to adapt our strategies to ensure our long-term success including aggressive investments to grow our global presence and the introduction of innovative new products and services, like one-click eCommerce solutions, NFC payments and our multi-device mobile wallet.
All interested parties are invited to listen to the live webcast at http://investor.visa.com/. A replay of the webcast will be available on Visa's Investor Relations website for 30 days.
Visa Inc. is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world's most advanced processing networks--VisaNet--that is capable of handling more than 20,000 transaction messages a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit http://www.corporate.visa.com/.
Jack Carsky or Victoria Hyde-Dunn, Investor Relations
Tel: +1 415 932 2213
Will Valentine, Media Relations
Tel: +1 415 932 2564
SOURCE Visa Inc.