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Visa (V) Makes Visa Direct Available to RevoluPAY Clients
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Visa Inc. (V - Free Report) recently collaborated with RevoluGROUP Canada’s branch, RevoluPAY, to expand the reach of Visa Direct solution across Europe and bring about hassle-free cross-border money transfers. RevoluPAY, an Affiliate Partner of V, is the latest addition to the list of European financial institutions that continue to reap benefits from leveraging Visa Direct. Before RevoluPAY, the number of Visa’s partners on the list were 100.
The platform boasts a solid track record of bringing about accelerated and safe business-to-consumer, government-to-government, government-to-consumer and consumer-to-consumer money transfers to an expansive recipient base spread across different parts of the world. The solution aims to bring upgraded domestic and cross-border payment capabilities to the client base.
In addition to the power of Visa’s widespread global network, the expanded reach of Visa Direct solution to consumers across the European Economic Area has also been made possible with the technology capabilities and license of RevoluPAY.
Visa Direct enables a RevoluPAY client using RevoluSEND to conduct the digital transfer of funds to a card or account via the app. All a customer needs to do is fill out a form and feed in the required Visa card details or account numbers of the recipient. Consequent to confirming the transaction, Visa leverages real-time technology to bring a varied array of person-to-person money transfers for RevoluPAY customers.
The increased utilization of the Visa Direct solution is expected to fetch higher revenues to one of the leaders in digital payments. In fiscal 2023, Visa Direct processed more than 7.5 billion transactions across 2,800-plus global programs. It also extended a helping hand to more than 500 partners in 65-plus use cases during the same time frame.
Therefore, constant team-ups for enhancing the reach of Visa Direct are likely to drive revenue growth for V in the days ahead. The solid demand for the solution is likely to be sustained in the days ahead since the Visa Direct network empowers financial institutions to process massive volumes of cross-border transactions. Further, the solution is infused with a sense of security, which gives peace of mind to customers. The assurance of maintaining the confidentiality of personal data is of vital importance while conducting any form of digital transaction, as they often remain prone to cyberattacks.
As a result, the digital payment capabilities of Visa Direct have been leveraged by several organizations time and again. Visa remains steadfast in coming up with advanced technological capabilities that lead to the advent of newer payment methods and channels, thus supporting hassle-free money movement flows from consumers to their loved ones residing in any corner of the globe. This November, V partnered with Tencent Financial Technology to expand the reach of Visa Direct to more than 1 billion Weixin users across China.
Shares of Visa have gained 21.6% in the past year compared with the industry’s 15.2% growth. V currently carries a Zacks Rank #3 (Hold).
The bottom line of RCM Technologies outpaced estimates in two of the last four quarters and missed the mark twice, the average surprise being 13.28%. The Zacks Consensus Estimate for RCMT’s 2023 earnings suggests an improvement of 1% from the year-ago reported figure. The consensus mark for RCMT’s 2023 earnings has moved 11.1% north in the past 60 days.
APi Group’s earnings outpaced estimates in all the trailing four quarters, the average surprise being 5.94%. The Zacks Consensus Estimate for APG’s 2023 earnings suggests an improvement of 18.1% from the year-ago reported figure. The consensus mark for revenues suggests growth of 6% from the prior-year reading. The consensus mark for APG’s 2023 earnings has moved 4.7% north in the past 60 days.
The bottom line of SPS Commerce outpaced estimates in each of the last four quarters, the average surprise being 15.34%. The Zacks Consensus Estimate for SPSC’s 2023 earnings suggests an improvement of 19.2% from the year-ago reported figure. The consensus mark for revenues suggests growth of 18.7% from the year-ago reported number. The consensus mark for SPSC’s 2023 earnings has moved 3.3% north in the past 60 days.
Shares of RCM Technologies, APi Group and SPS Commerce have gained 78.7%, 63.6% and 37.4%, respectively, in the past year.
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Visa (V) Makes Visa Direct Available to RevoluPAY Clients
Visa Inc. (V - Free Report) recently collaborated with RevoluGROUP Canada’s branch, RevoluPAY, to expand the reach of Visa Direct solution across Europe and bring about hassle-free cross-border money transfers. RevoluPAY, an Affiliate Partner of V, is the latest addition to the list of European financial institutions that continue to reap benefits from leveraging Visa Direct. Before RevoluPAY, the number of Visa’s partners on the list were 100.
The platform boasts a solid track record of bringing about accelerated and safe business-to-consumer, government-to-government, government-to-consumer and consumer-to-consumer money transfers to an expansive recipient base spread across different parts of the world. The solution aims to bring upgraded domestic and cross-border payment capabilities to the client base.
In addition to the power of Visa’s widespread global network, the expanded reach of Visa Direct solution to consumers across the European Economic Area has also been made possible with the technology capabilities and license of RevoluPAY.
Visa Direct enables a RevoluPAY client using RevoluSEND to conduct the digital transfer of funds to a card or account via the app. All a customer needs to do is fill out a form and feed in the required Visa card details or account numbers of the recipient. Consequent to confirming the transaction, Visa leverages real-time technology to bring a varied array of person-to-person money transfers for RevoluPAY customers.
The increased utilization of the Visa Direct solution is expected to fetch higher revenues to one of the leaders in digital payments. In fiscal 2023, Visa Direct processed more than 7.5 billion transactions across 2,800-plus global programs. It also extended a helping hand to more than 500 partners in 65-plus use cases during the same time frame.
Therefore, constant team-ups for enhancing the reach of Visa Direct are likely to drive revenue growth for V in the days ahead. The solid demand for the solution is likely to be sustained in the days ahead since the Visa Direct network empowers financial institutions to process massive volumes of cross-border transactions. Further, the solution is infused with a sense of security, which gives peace of mind to customers. The assurance of maintaining the confidentiality of personal data is of vital importance while conducting any form of digital transaction, as they often remain prone to cyberattacks.
As a result, the digital payment capabilities of Visa Direct have been leveraged by several organizations time and again. Visa remains steadfast in coming up with advanced technological capabilities that lead to the advent of newer payment methods and channels, thus supporting hassle-free money movement flows from consumers to their loved ones residing in any corner of the globe. This November, V partnered with Tencent Financial Technology to expand the reach of Visa Direct to more than 1 billion Weixin users across China.
Shares of Visa have gained 21.6% in the past year compared with the industry’s 15.2% growth. V currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the Business Services space are RCM Technologies, Inc. (RCMT - Free Report) , APi Group Corporation (APG - Free Report) and SPS Commerce, Inc. (SPSC - Free Report) . While RCM Technologies sports a Zacks Rank #1 (Strong Buy), APi Group and SPS Commerce carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The bottom line of RCM Technologies outpaced estimates in two of the last four quarters and missed the mark twice, the average surprise being 13.28%. The Zacks Consensus Estimate for RCMT’s 2023 earnings suggests an improvement of 1% from the year-ago reported figure. The consensus mark for RCMT’s 2023 earnings has moved 11.1% north in the past 60 days.
APi Group’s earnings outpaced estimates in all the trailing four quarters, the average surprise being 5.94%. The Zacks Consensus Estimate for APG’s 2023 earnings suggests an improvement of 18.1% from the year-ago reported figure. The consensus mark for revenues suggests growth of 6% from the prior-year reading. The consensus mark for APG’s 2023 earnings has moved 4.7% north in the past 60 days.
The bottom line of SPS Commerce outpaced estimates in each of the last four quarters, the average surprise being 15.34%. The Zacks Consensus Estimate for SPSC’s 2023 earnings suggests an improvement of 19.2% from the year-ago reported figure. The consensus mark for revenues suggests growth of 18.7% from the year-ago reported number. The consensus mark for SPSC’s 2023 earnings has moved 3.3% north in the past 60 days.
Shares of RCM Technologies, APi Group and SPS Commerce have gained 78.7%, 63.6% and 37.4%, respectively, in the past year.