Reuters reveals Visa expects to resolve fee row with Amazon; market reacts

Business & FinanceTechnology

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.

Market Impact

Following the Reuters report, Visa’s shares briefly pared their losses, moving from 1.4% lower on the day to 0.5% lower. 

Article Tags

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

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