Roughly half of transactions moving across PayPal are with general cards, of which Visa is again half, and that remains a big business. But the CEO also noted that PayPal uses Visa transactions as a vein to “mine from” and possibly disintermediate the relationship between Visa and clients and is something that is “not sustainable for the long term.” One bit of news — or perhaps non-news? — comes through the continued discussions with Visa Europe. Visa said last night it is in talks about combining the two companies, talks driven by “compelling logic … to consummate a business transaction.” As had been reported earlier this year, Visa had been looking over the idea of buying its former unit for as much as $20 billion, and talks in May had been rumored to have been in the early stages. 

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