PayPal May Unveil Accord With Visa on Data Sharing, Analysts Say
- Companies have also been at odds over security, account choice
- Truce would follow tough talk from Visa CEO on competition
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PayPal Holdings Inc. and Visa Inc. may unveil an agreement regarding data sharing, security measures and consumer choices on accounts linked to PayPal transactions, analysts said ahead of the companies’ earnings reports.
Speculation about a potential pact has emerged in part because of the timing of PayPal’s second-quarter report Thursday -- the same day as Visa’s -- as well as comments made by executives from both companies that suggest talks have been under way. Usually, PayPal releases earnings on the fourth Wednesday of the month following the quarter’s end. The company also scheduled its conference call for 6:30 pm New York time, leaving sufficient time for Visa’s 5 p.m. earnings call to end.