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Visa Inc . (NYSE:V) announced that its board of directors has amended the company’s Amended and Restated Bylaws, effective July 22, 2025. According to a press release statement and a filing with the Securities and Exchange Commission, the amendments introduce a cure process for certain deficiencies in director nomination notices submitted by shareholders.
Under the revised bylaws, if a shareholder submits a director nomination notice within the time periods specified in the bylaws and the notice contains specific deficiencies, the company will notify the shareholder of those deficiencies. The shareholder will then have an opportunity to correct the deficiencies within the relevant timeframe set out in the bylaws.
Visa stated that the description of the amendments is qualified in its entirety by reference to the full text of the amended bylaws, which were filed as an exhibit to the SEC report.
This information is based on a press release statement and details disclosed in Visa’s recent SEC filing.
In other recent news, Visa and Mastercard (NYSE:MA) are facing scrutiny as Turkey has launched an antitrust investigation to determine if these companies are restricting Turkish payment firms from operating internationally. This follows a ruling by London’s Competition Appeal Tribunal, which found that the default multilateral interchange fees charged by Visa and Mastercard violate competition law. The decision is part of ongoing lawsuits involving numerous merchants against the payment processors. Meanwhile, Visa has renewed its long-standing partnership with ICBA Payments to continue providing enhanced payment solutions to community banks. This partnership includes offering Visa-powered services like contactless-enabled cards and access to Visa’s global network. Additionally, Visa has entered into an agreement with Yellow (OTC:YELLQ) Card Financial to promote stablecoin use for cross-border payments in emerging markets. This collaboration aims to improve liquidity management and enable faster, cost-effective transfers. These developments highlight the ongoing legal and strategic activities involving Visa and Mastercard.
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