Visa's Profits Soar on Increased Payment Volume and Tokenized Credentials.

Visa's Q2 profits rose 14% YoY on an adjusted basis, driven by a global increase in credit and debit card usage. The company processed $2.955 trillion in transactions on its payment network last quarter, up 10% YoY. While Visa's fortunes are still tied deeply to the performance of the global economy, its new CEO remains confident in the company's ability to manage through changing environments. Visa shares rose nearly 2% in after-hours trading.