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Visa Sets Aside $800M In Account To Cover Lawsuits

SAN FRANCISCO (AP) – Visa Inc. on Tuesday said it set aside $800 million to cover legal obligations, and completed its $1 billion share repurchase plan. The electronic payment processing company said...

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SF-Based Visa Becomes Next Target For WikiLeaks Backers

SAN FRANCISCO (CBS / AP) — The websites for Visa Inc., based in San Francisco, and MasterCard were inaccessible for parts of Wednesday, likely the result of attacks by WikiLeaks supporters who are...

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Visa Acquires Santa Clara-Based PlaySpan For $190M In Cash

SAN FRANCISCO (AP) – Visa Inc. said Wednesday it is buying PlaySpan Inc., which handles online transactions for digital goods, for $190 million in cash. Santa Clara-based PlaySpan provides technology...

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ConsumerWatch: California Researchers Come Up With Solution For Spam

BERKELEY (CBS 5) – A team of University of California researchers has found what may be the best solution so far to spam. They are trying to convince U.S. Banks not to process transactions with three...

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Tech Watch: New Mobile Payment System On The Way

(KCBS) – A joint venture between three of the top wireless companies has struck a deal with all four major credit card companies that could lead to a new mobile payment system. ISIS is a joint venture...

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’60 Minutes’ Questions Whether Pelosi Traded Stock On Inside Information

(Editor’s note: The following is an excerpt from a portion of a 60 Minutes segment entitled “Congress: Trading stock on inside information?” that aired Sun. Nov. 13 on KPIX-TV CBS 5 and KCBS All News...

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Silicon Valley Worker Leads Charge To Overhaul Employment-Based Visas

SAN JOSE (KCBS) – A bill is working its way through Capitol Hill that would do away with country quotas for employment-based visas. It’s legislation with deep ties to the Bay Area: not only does...

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Increased Credit Card Use Spurs Higher Visa Quarterly Profit

SAN FRANCISCO (CBS SF) – Visa Inc. said Wednesday that its fiscal first-quarter profit rose 16 percent, as card use rose both in the U.S. and overseas. The San Francisco-based payments processor posted...

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Former JPMorgan Exec To Become Next Visa CEO

SAN FRANCISCO (CBS/AP) — Visa said former JPMorgan executive Charles Scharf will become its next CEO, effective Nov. 1. Scharf also is a former Visa Inc. director. He will replace Joseph Saunders,...

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Tech Report: Online Holiday Shopping Still An Option For Procrastinators

SAN FRANCISCO (KCBS) – Shoppers waiting until the last minute to finish their holiday shopping may not know that they still have time to buy those gifts online. According to a new survey from Visa...

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Visa’s Fiscal 1Q Net Income Jumps 25 Pct

FOSTER CITY (CBS / AP) — Shoppers hit stores for the holidays in the final months of 2012 and it seems many of them were armed with credit and debit cards using the Visa network. The payments...

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Visa Inc. Beats Earnings, Revenue Projections

FOSTER CITY (CBS/AP) — Visa Inc. says its net income slipped nearly 2 percent in the first three months of this year from a year earlier, when the company benefited from an adjustment to its income tax...

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Visa Returns To Profitability; Earnings Top Estimates

FOSTER CITY (CBS/AP) — Visa Inc. says it returned to a profit in its fiscal third quarter, aided by strong revenue growth as transactions increased. The results topped Wall Street estimates and its...

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Which Countries Require Americans To Get A Visa Before They Fly?

This article is from Thrillist Nation Fearless enough that our article on everything in Australia that’s trying to kill you inspired you to book a flight Down Under? That’s great, but did you realize...

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Head Of Pleasanton ‘Sham University’ Convicted Of Fraud

PLEASANTON (CBS SF) – The president of a defunct online university described by authorities as a sham has been convicted of creating a front for foreign students seeking to establish U.S. immigration...

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ConsumerWatch: Credit Cards An Unexpected Way To Find Cheap Travel

SAN FRANCISCO (CBS SF) — Travelers who want to see the world this summer, or at least visit Mickey Mouse at his house, might want to consider their credit card as a free ticket to ride, so to speak....

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Women In Technology Summit Celebrates 25 Years; Still Struggles With...

SANTA CLARA (KCBS)— This year marks the 25th anniversary of a Silicon Valley conference aimed at getting more women into senior positions in the technology industry. Hundreds are attending this week’s...

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NFL Sponsors Chime In With Criticism Of League Over Handling Of Domestic...

(CBS SF) — The chorus of criticism of the National Football League over its handling of domestic violence and child abuse issues is spreading to the league’s corporate sponsors, such as Anheuser-Busch,...

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Best Credit Cards For Travelers

(credit: Thinkstock) If you are a frequent traveler and looking for ways to reduce expenses, a credit card featuring superior travel perks may be for you. With many credit card companies vying for the...

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Costco No Longer Accepting American Express In 2016 After Striking Deal With...

FOSTER CITY (CBS / AP) — If you’re shopping at Costco, you’ll need a new credit card to pay for those family-sized packs of chicken breasts or toilet paper. After only accepting American Express the...

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