Business & FinanceTechnology
22 November 2021, 3:29 pm. 1 minute
Reuters exclusively reported on Friday that credit card giant Visa expects to resolve its fee dispute with Amazon.com Inc in Britain and hopes to continue its co-branded credit card partnership with the e-commerce giant in the United States. In an interview with Reuters, Visa’s chief financial officer Vasant Prabhu said Amazon accounted for a relatively small slice of its revenues and that the company had resolved such disputes in the past.
Following the Reuters report, Visa’s shares briefly pared their losses, moving from 1.4% lower on the day to 0.5% lower.
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: Business & FinanceEquitiesFinancial ServicesTechnology
Regions: EuropeNorth America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story