Visa’s Stock Returns and other Digital Transactions News briefs from 4/26/18

China’s central bank informed American Express Co. that it would “formally accept” its application to clear and settle domestic bank-card transactions, potentially making AmEx the first U.S. card network to get permission to operate in China, The Wall Street Journal reported.
Visa Inc.’s stock has produced a total shareholder return of 837% since March 2008, five times the return of the Standard & Poor’s 500 Index, Visa CEO Al Kelly told stock analysts Wednesday in remarks noting the 10-year anniversary of the company’s initial public offering.
Bluefin Payment Systems released a case study about AVI Foodsystems’s use of Bluefin’s point-to-point encryption service for its back-office payments.
Research firm J.D. Power says its 2018 U.S. Retail Banking Satisfaction Study found that 28% of bank customers are now digital-only, but they are the least satisfied among all customer segments examined.
Mastercard Inc. and International Finance Corp., a member of the World Bank Group, announced an expansion of the agreement they first signed in 2015 to bring financial services to emerging markets. Under it, Mastercard will extend its efforts to develop programs with participating financial institutions. The IFC will guarantee up to 100% of the participants’ settlement risk.

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