Visa (V) Strengthens Value-Added Services With FIS Partnership Expansion

Visa Inc. (NYSE:V) ranks among the best forever stocks to invest in. Fidelity National Information Services (FIS) and Visa Inc. (NYSE:V) announced on June 30 that they were extending their partnership to offer new value-added services to financial institutions. This move aims to level the playing field for smaller regional and community banks that compete with larger banks.

This collaboration aligns with Visa Inc. (NYSE:V) CEO Ryan McInerney’s remarks, who said on a January earnings call that the network behemoth is leveraging its value-added offering to strengthen customer relationships and offer a wider range of services to clients.

In a similar vein, Andrew Torre was named president of value-added services by Visa Inc. (NYSE:V) earlier in June. According to the press statement announcing Torre’s appointment, Visa’s value-added services division, which grew by 20% annually since 2021, has grown to a $9 billion global business.

Visa Inc. (NYSE:V) is a global payments technology company that operates one of the world’s largest electronic payment networks.

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