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PERSPECTIVES ON DIGITAL CURRENCY

Nov 15, 2013

Visa Responds to Typhoon Haiyan

Visa Inc. today announced a commitment to help the people of the Philippines following the devastation caused by Typhoon Haiyan. Visa will make a donation of $200,000 to the Red Cross to support relief and recovery efforts. Visa also will match employee donations to Red Cross relief efforts on a two-to-one basis through mid-December.

Further, in conjunction with its clients, Visa will waive interchange fees on donations made through December 31, 2013 to a select group of major U.S.- and Canada-based charities that are providing support to relief efforts. Eligible charities are:

United States

  • American Red Cross
  • AmeriCares
  • CARE
  • Habitat for Humanity
  • Mercy Corps
  • Oxfam America
  • Save the Children
  • US Fund for UNICEF
  • World Vision

Canada

  • Canadian Red Cross
  • CARE Canada
  • Humanitarian Coalition Canada
  • Oxfam Canada
  • Oxfam-Quebec
  • Save the Children Canada
  • UNICEF Canada
  • World Vision Canada

Finally, Visa will donate the revenue it generates from eligible contributions to the crisis through December 31, 2013 directly to the Red Cross.

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Posted by: Douglas Sabo, Head of Corporate Philanthropy & Responsibility, Visa Inc. on November 15, 2013 at 4:22 pm

Nov 12, 2013

Holiday Shoppers Prepare to Hit the Web

 

 

 

As consumers gear up for the holidays, it’s clear we’re in for another growth year in eCommerce.  According to new data from the Visa Spending Intentions survey, 87 percent of people plan to do at least some of their holiday shopping online this year, with 40 percent saying they will do half or more gift-buying online.  That’s good news for retailers, knowing that 72 percent of people also plan to spend more or the same amount of money on gifts this year, compared to last year.

In the first 10 months of 2013, eCommerce sales are up 17 percent from the same period last year, and Visa domestic eCommerce transactions exceeded one billion dollars on 211 days, an increase of 19 percent from 2012.

Other key findings from the Visa Spending Intentions survey include:

Electronic Payments are the Norm

  • 25 percent of respondents plan to use their mobile phone or tablet for holiday shopping this year, up from 22 percent last year
  • Credit and debit cards will be the primary form of payments through the holidays, with 56 percent of people planning to use their credit card and 30 percent to use a debit card

The Holidays are Big Business, for Big and Small Businesses

  • Almost 50 percent expect to spend between $301 and $800, while 14 percent plan to spend more than $800
  • More than 85 percent of consumers are as, or more, inclined to shop at a small business this year, compared to last year

Beat the Crowds, with a Tap of the Finger

  • Online holiday shopping has become the preferred way to shop for a number of reasons, including:
    • Fits my schedule better/Can shop anytime (67 percent)
    • Better prices online (61 percent)
    • Dislike battling crowds (54 percent)

Each year, millions of shoppers rely on Visa for holiday-related purchases, providing a near real-time view into consumer behavior. If you wish to receive regular updates throughout the holiday season, send an email to globalmedia@visa.com or follow ongoing updates at http://blog-visa.fhstage2.com.

* 2013 VisaNet Data

Survey Methodology:

This survey was conducted for Visa by Prosper Insights and Analytics via an online sample of over 4,600 U.S. consumers aged 18 and over.

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Posted by: Wayne Best, Chief Economist, Visa on November 12, 2013 at 7:00 am

Nov 4, 2013

Welcome to Visa’s Second Annual Global Volunteer Month!

 

On November 1st, Visa kicks off of our 2nd Annual Global Volunteer Month. In this focused month of volunteering, employees around the world are finding meaningful ways to give back.

Last year, more than 2,100 employees improved the communities where we live and work, serving over 87 nonprofits in 28 markets spanning 18 countries. This November, we are excited to extend our impact to 23 countries as we focus on needs in our communities—from a team in Singapore that will teach financial literacy to high school students, to employees in Nairobi who will plant trees in a local forest, to Sao Paulo volunteers who will deliver supplies to a local school.  In our headquarters community around Foster City, we have more than 40 events planned, including teams of employees who will be alleviating hunger through engaging with local food banks, beautifying parks in San Francisco, volunteering at local schools and so much more.

Since its launch in 2008, the global Visa Volunteers initiative has been a core component of our Corporate Responsibility program. At Visa, we believe it’s important to enable and empower our employees with opportunities to give back. The Visa Volunteers program helps employees around the world connect with nonprofit partners, create team events and track their volunteer hours. We also recognize exceptional commitment and service through the Visa Volunteer Award, honoring the personal volunteer service of our employees.

It’s going to be a great month, and we look forward to highlighting how our employees have made a difference! Employees can tweet photos from events using the #VisaGivesBack hashtag.

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Posted by: Jamie Horst, Corporate Initiatives, Visa Inc. on November 4, 2013 at 9:19 am