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Articles tagged "Visa Inc."


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Ari Sonneberg: The Plaid deal opened Pandora’s Box for Visa.

Oisín's Bits: Visa ended Plaid bid to get DOJ off its back; the DOJ is still breathing down its neck • Pershing's NetX360 upgrade makes Orion software hum like at no other custodian -- for now • Addepar says its data shows pandemic made even RIAs misjudge market

DOJ scrutiny scuttled Visa's bid for Plaid. The Feds saw more under the hood • Orion and Pershing bid to make switching between software to trade and read documents outmoded with new data tie-up • RIA jitters over prospective losses may have hit clients' wallets, according to Addepar research.

March 29, 2021 at 9:01 PM

Al Kelly: There's plenty of opportunity in this fast moving space and take advantage rather than get bogged down [in fighting the DoJ].

Visa and Plaid break off merger in face of DOJ anti-trust suit, with Plaid -- with other buyers circling -- likely the long-term winner, says one analyst

After months of DOJ investigation and a lawsuit, the payments giant and the payments upstart, both of San Francisco, call time on $5 billion merger

January 13, 2021 at 3:28 AM

Plaid is now known at DOJ as a payments disruptor as much as a picnic blanket design choice.

After shaking down Bain for evidence, DOJ files suit to stop Visa purchase of Plaid, a nightmarish turn of events for the $5.3-billion dream deal

The Feds see Plaid acquisition as naked attempt by Visa to perpetuate a monopoly with 'insurance policy;' the card giant responds with acerbic aplomb.

November 6, 2020 at 10:29 PM

Makan Delrahim: Both venture capital and antitrust are often about predicting the future competitive dynamics of competition... [and] tough decisions are necessary not only to survive but to thrive.

With Visa-Plaid deal closing five months delayed already, Feds accuse Bain & Co. of stonewalling on pricing strategy documents that cast light on anti-trust hotspot

Makan Delrahim says he won't let Bain run out the clock and the assistant US Attorney sued for the documents as part of the DOJ's antitrust investigation.

October 29, 2020 at 2:02 AM

Plaid founders Zach Perret and William Hockey secured a lucrative sale to Visa on Jan. 22. But now, their company has to face down a class action suit.

'Fraud' lawsuit slams Plaid on eve of historic $5.3-billion payday; some experts say it's a 'fishing expedition,' but plaintiff's lawyers say, 'This is no shakedown' -- Second suit follows in July

It's been six months since Visa agreed to a wild valuation for the seven year-old Yodlee competitor that caused wealth fintechs to retain investment bankers left and right. Now Plaid faces two class action suits

June 10, 2020 at 12:40 AM

Bill Crager has another issue on his plate, the possible sale of Envestnet or Yodlee.

Envestnet, caught in speculative web over possible Yodlee spinoff--or sale of company, itself--has Wall Street scrambling to buy on the rumor

'Large private-equity firms, in particular, are said to be interested,' Barron's reports, but who's driving the conversation--the company, news media or speculators?

February 3, 2020 at 8:26 PM

Zach Perret: Together Visa and Plaid can support the rapid growth of digital financial services.

Visa gambles $5.3 billion that Plaid will pay Big Data dividends while big-footing Envestnet-Yodlee and beating back fintech banking competitors

The Silicon Valley credit card king positions itself in the Yodlee data aggregation world by buying a San Francisco startup, which serves Betterment, Acorns and others.

January 22, 2020 at 7:11 PM

Schwab teamed with AmEx months after rival Fidelity switched from AmEx to Visa

As Fidelity divorces American Express, Schwab steps in to launch AmEx cards -- with help from RIAs -- as part of broader effort

Fidelity says the average user got $1,500 in cash back last year, suggesting the average annual card-holder spend is around $75,000

May 2, 2016 at 6:37 PM

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