Visa's quarterly profit exceeded expectations, because people spend more cards to use it, and raised its full-year revenue and earnings prospects of the largest credit and debit card networks.
Visa also approved a $ 15 billion stock repurchase program, and its shares rose about 3 percent in after-hours trading.
The company raised its full-year earnings forecast adjusted earnings per share growth of about 20% from the percentage of "20." It said it is also expected in 2014 the percentage of young people to high earnings per share growth.
Chief Executive Officer Charlie Scharf dilute the European Commission's plan to limit interbank card payment fees, and noted that the proposed regulation will only apply to the Issuer and the Offeror are trading in the EU.
The new rules, which will be responsible for charges against bank payment cards and scrap plastic consumers pay high surcharges, special effects, which is approximately 3,000 European banks Visa Europe.
Visa is to promote the launch of its electronic payment services and digital wallet services, V.me.
Scharf said the company has signed up about 90 financial institutions, including V.me services of U.S. companies, PNC Financial Services Group's bank.
Payment drive profit growth
Visas in the U.S. market recorded strong growth, from where more than half of their income making. More affluent customers to use credit cards in the Visa network revenues in the United States has been boosted in the past few quarters.
Visa's network in the United States total transaction volume increased 10.3% to $ 683 billion.
"I think the result is strong across the board, there are more places to accelerated growth," Wedbush Securities analyst 吉尔卢里亚 told Reuters reporters.
The company recorded a net profit of $ 1.23 billion, or $ 1.88 per Class A share, for the third quarter net loss of $ 1.84 billion, or $ 2.74 per share, compared with a year earlier.
Last year quarter included a $ 4.1 million litigation reserve to cover costs associated with the settlement with U.S. retailers in a fixed card fee.
Operating income rose 17% to $ 3.00 billion, while payments increased by 13% to $ 1.1 trillion.
Visa's payments rose 13% to $ 1.1 trillion in the third quarter.
Analysts on average had expected a visa in order to earn $ 1.79 per share, $ 289 million in revenue, according to Thomson Reuters I / B / E / S.
Visa and MasterCard peer companies have been trying to capture new business in emerging markets, as more and more customers turn to cards and numbers instead of cash.
International trading income rose 14 percent to $ 854 million.
Foster City, California-based Visa's shares have risen 14 percent in the past three months, outperforming the S & P 500 index, the index has risen by 6%.
They closed at $ 186.75 on Wednesday on the New York Stock Exchange.
 



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