Visa registers-gain $ 1.2-billion in quarter

SÃO PAULO-Visa had net profit in its third fiscal quarter, compared with prejudice in equal step of 2012, and the world's largest card company authorized a share buyback of $ 1.5 billion.
Visa had net income of $ 1.23 billion in the fiscal third quarter, or $ 1.88 per share, compared with a loss of $ 1.84 billion, or $ 2.74, a year earlier. Last year, the result of the quarter included a provision of $ 4.1 billion for a dispute with u.s. retailers on card fees.