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Why Visa Stock Dropped Today

Why Visa Stock Dropped Today

Shares of financial powerhouse Visa (NYSE: V) slipped 1.8% in noonday trading ET on Wednesday, after releasing data on its transactions and payments volume in the U.S. yesterday. U.S. payments volume grew 5% year over year in May, with credit card usage up 5% and debit 6%. "Card-not-present" transactions in particular, which generally refer to credit or debit card transactions done over the phone or over the internet, grew 7%.