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Monday, October 19, 2020  Spokane, Washington  Est. May 19, 1883
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Visa anticipates revenue slowdown in face of new fees

NEW YORK – Visa Inc. on Wednesday warned that its revenue and earnings growth will slow in 2012 after new regulations on the fees banks can charge for debit card transactions kick in. The San Francisco payments network operator repeated an earlier forecast for its current fiscal year, which ends Sept. 30, for revenue growth between 11 percent and 15 percent and earnings-per-share growth of greater than 20 percent.