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Visa Inc. (NYSE:V) disclosed the launch of Subscription Manager, which is a new, all-in-one service for financial institutions.
This will provide the cardholders with a simple, convenient way to track their subscriptions.
Visa’s new Subscription Manager streamlines key aspects of recurring payments in one place, allowing cardholders to manage recurring payments.
Subscription Manager is the newest addition to Visa’s Digital Enablement product suite, which is aimed at helping issuers offer better digital experiences for their cardholders.
The new solution supports Visa’s ongoing efforts to increase transparency and control in the subscription economy, building on initiatives such as its 2020 mandate that requires merchants to obtain cardholder consent after free trials or introductory promotions before initiating billing.
Investors can gain exposure to the stock via IShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund – Financial (NYSE:XLF).
Also Read: Visa, Mastercard’s $30B Settlement: Analyst Sees ‘More Record Credit Card APRs In The Short Term’
Price Action: V shares are trading higher by 0.09% at $278.69 on the last check Wednesday.
Image: Shutterstock/ Tony Stock
