Visa Inc. earnings jump 25 per cent

NEW YORK - Visa Inc. says its fiscal third-quarter profit jumped 25 per cent, helped by a double-digit rise in payments processed on its network. The payment processing giant earned $1.7 billion after payments to preferred shareholders, compared to a profit of $1.36 billion a year earlier. On a per share basis, the bank earned 69 cents per share, compared with 54 cents a share a year earlier. The results easily topped estimates.