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Visa (V) Partners with Viewpost to Serve Small Businesses
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Visa Inc. (V - Free Report) has entered into a partnership with Viewpost, a provider of electronic invoice and payment services to businesses. Per the deal, Visa will avail electronic business payments to Viewpost’s small to medium-sized business clients (SMBs).
The alliance will provide more automation, convenience and security to the business to business (B2B) transactions made by the SMBs.
The company has always been making a number of alliances and partnershipswhich has driven its business growth. Shares of the company have performed strongly year to date, evident by a gain of 13.9% compared with a gain of 10.3% for the Zacks categorized Financial Transaction Services.
Coming back, these transactions will be highly secured as it will require use of one time Visa virtual account number. This unique number will be used by SMBs for posting funds to its merchant account. After the payment of funds, both the parties will be intimated of the details of the transaction such as paid invoices, the amount paid and the due date.
This facility will provide peace of mind for the SMBs as far as making business payments are concerned thus enabling them to focus on growing their businesses.
Visa is eager to serve the SMBs since a growing number of businesses prefer online method of transaction and consequently this market provides a huge growth opportunity.
Another player in the same industry, MasterCard Inc. (MA - Free Report) also provides specialized services to the SMB in the U.S in collaboration with Kabbage Inc. MasterCard views that advances in payment technology and access to funding are critical in supporting the small business segment and in turn fueling growth.
Green Dot beat estimates in the trailing four quarters with an average surprise of 38.8%.
Vantiv beat earnings estimate in three out of the preceding four quarters with average surprise of 3.7%.
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Visa (V) Partners with Viewpost to Serve Small Businesses
Visa Inc. (V - Free Report) has entered into a partnership with Viewpost, a provider of electronic invoice and payment services to businesses. Per the deal, Visa will avail electronic business payments to Viewpost’s small to medium-sized business clients (SMBs).
The alliance will provide more automation, convenience and security to the business to business (B2B) transactions made by the SMBs.
The company has always been making a number of alliances and partnershipswhich has driven its business growth. Shares of the company have performed strongly year to date, evident by a gain of 13.9% compared with a gain of 10.3% for the Zacks categorized Financial Transaction Services.
Coming back, these transactions will be highly secured as it will require use of one time Visa virtual account number. This unique number will be used by SMBs for posting funds to its merchant account. After the payment of funds, both the parties will be intimated of the details of the transaction such as paid invoices, the amount paid and the due date.
This facility will provide peace of mind for the SMBs as far as making business payments are concerned thus enabling them to focus on growing their businesses.
Visa is eager to serve the SMBs since a growing number of businesses prefer online method of transaction and consequently this market provides a huge growth opportunity.
Another player in the same industry, MasterCard Inc. (MA - Free Report) also provides specialized services to the SMB in the U.S in collaboration with Kabbage Inc. MasterCard views that advances in payment technology and access to funding are critical in supporting the small business segment and in turn fueling growth.
Other Stocks to Consider
Visa carries a Zacks Rank #2 (Buy). Other players in the same industry are Green Dot Corp. (GDOT - Free Report) and Fiserv, Inc. . While Green Dot sports a Zacks Rank # 1 (Strong Buy), the other stock carries the same Zacks Rank as Visa. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Green Dot beat estimates in the trailing four quarters with an average surprise of 38.8%.
Vantiv beat earnings estimate in three out of the preceding four quarters with average surprise of 3.7%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>