Visa Inc. (V): Business Model Canvas [Dec-2025 Updated]

You're looking at the engine behind global commerce, and frankly, the numbers for Visa Inc.'s fiscal year 2025 are staggering; this network, which processed a mind-boggling 257.5 billion transactions, pulled in $40.0 billion in net revenue, primarily by collecting fees on the $20.0 billion from data processing and $17.5 billion from service charges. But how does a company that doesn't lend money actually generate that kind of cash flow, and what are the hidden costs, like the $15.8 billion in client incentives, that keep this machine running smoothly? Dive into the full Business Model Canvas below to see the nine building blocks that make Visa Inc. the indispensable backbone of modern digital payments.

Visa Inc. (V) - Canvas Business Model: Key Partnerships

Financial Institutions: Banks and credit unions issuing Visa cards globally.

Visa continues to solidify its core relationships with issuers, which provide the credentials that drive network volume. As of the end of fiscal year 2025, the number of issuers globally participating in the tap-to-add card feature had doubled since Q3, reaching more than 600 across all regions. This feature is now live for over 1.4 billion Visa credit and debit cards worldwide. Key partnership renewals in Q1 2025 included agreements with ICBC in Mainland China, ICICI and Kotak Mahindra Bank in India, and Santander in Argentina and Uruguay. Full-year 2025 commercial payments volume grew 7% in constant dollars, reaching $1.8 trillion.

Tech Partners: Strategic alliances with OpenAI and Microsoft for AI commerce development.

Visa launched its Visa Intelligent Commerce initiative in late April/May 2025, explicitly naming collaborations with leading AI platforms. This move opens the Visa payment network to developers building foundational AI agents. The infrastructure is being expanded to integrate AI technology at merchant locations. The network supports 4.8 billion Visa credentials at over 150 million merchants globally.

Merchants/Acquirers: Retailers and online platforms that accept Visa payments.

The acceptance footprint remains massive, supporting the network's scale. Visa has credentials accepted at over 150 million merchant locations worldwide. The company's full-year 2025 commercial payments volume reached $1.8 trillion in constant dollars. Acceptance solutions include Authorize.net, which provides payment integrations with ecommerce platforms.

Fintechs & Digital Wallets: Collaborating to expand Visa Direct for new money flows.

Visa Direct is a key growth driver in money movement solutions. In fiscal fourth quarter 2025, Visa Direct transactions grew 23%, totaling 3.44 billion transactions, showing strength in both domestic and cross-border use cases. Value-added services revenue, which includes issuing solutions and other services, grew 25% in constant dollars to $3 billion in Q4 2025. Furthermore, the nascent stablecoin initiative reported passing $200 million in cumulative stablecoin settlement volume as of Q2 2025.

Creator Economy: Pilot programs with firms like Karat Financial for digital creators.

Visa is actively engaging the creator economy, which it views as a dynamic small business segment. In November 2025, Visa introduced plans to explore a potential agentic pilot program with Karat Financial, a fintech specializing in creator financial services. This pilot is set to roll out in the U.S. first, with expansion targeted for fiscal year 2027. The initiative is informed by the Monetized: Visa 2025 Creator Report, which surveyed over 1,000 content creators from May to August 2025 across five regions.

• 88% of surveyed creators worldwide expect their revenue to increase over the next year.
• 52% of surveyed creators receive payments from outside of their home country.
• The report covered the United States, Brazil, Australia, the United Kingdom, and the United Arab Emirates.

Visa Inc. (V) - Canvas Business Model: Key Activities

You're looking at the core engine of Visa Inc. (V) as of late 2025, the activities that keep the global digital payment rails running and evolving. It's all about massive scale, security, and building the infrastructure for the next wave of commerce.

Operating VisaNet is the foundational activity, the sheer throughput of the network that underpins everything else. This activity is about maintaining the speed and reliability to handle the world's transactions.

• Processing a total of 257.5 billion transactions for the full fiscal year 2025.
• Payment Volume for FY 2025 increased by 8% in constant dollars.
• Cross-Border Volume for FY 2025 grew by 13% in constant dollars, a key high-margin driver.

Next up is Developing Value-Added Services (VAS), which is Visa successfully moving beyond just transaction processing fees. They are building out platforms for risk, data, and authentication, making the network stickier for clients.

• VAS revenue in Q3 2025 was $2.8 billion, showing growth accelerating to 26% year-over-year in constant dollars.
• VAS is now approaching 30% of Visa's total revenues, up from around 20% a few years ago.
• The company sees a potential annual revenue opportunity in VAS as large as $520 billion.

Global Network Security is non-negotiable, especially as transaction complexity rises. Deploying AI for fraud detection is a critical, ongoing activity. The ARIC Risk Hub, powered by the Featurespace acquisition, is central here.

Here's the quick math on security impact from a key deployment:

The activity of Tokenization is securing the digital future. It's about replacing sensitive card numbers with unique digital identifiers for every transaction, which is essential for e-commerce and mobile payments.

• Visa issued 1 billion tokens since the prior quarter, reaching a total of 13.7 billion tokens as of Q2 2025.
• Nearly 50% of global e-commerce transactions are now tokenized.
• The company supports 4.8 billion Visa credentials globally.

Finally, Innovation centers on preparing the network for the next paradigm shift: agentic commerce. Creating the Intelligent Commerce platform is about ensuring Visa is the trusted payment layer when AI agents transact autonomously.

• Visa Intelligent Commerce provides secure payment execution, tokenization, and authentication specifically for AI-driven flows.
• The platform is being integrated into environments like AWS Marketplace to accelerate developer adoption.
• Pilot programs for this new commerce era are scheduled to begin by early 2026 across regions like Asia Pacific.

If onboarding AI agents takes too long, the shift to agentic commerce could slow down, so those integration blueprints are key.

Visa Inc. (V) - Canvas Business Model: Key Resources

You're looking at the core assets Visa Inc. relies on to maintain its global dominance. These aren't just line items on a balance sheet; they are the engines driving the entire digital payment ecosystem. Honestly, when you look at the scale, it's staggering.

VisaNet: The proprietary, highly scalable global processing network

The VisaNet network is the backbone, the digital highway for money movement. It's what allows Visa to facilitate transactions across borders and time zones with incredible speed. This infrastructure is a massive barrier to entry for any competitor. For the 12 months ended September 30, 2025, Visa processed over 233.8 billion transactions, a number that reflects the sheer daily activity running through this system. To handle that load, VisaNet maintains a high-speed transaction processing capability of 65,000 transaction messages per second. This network is also the conduit for newer services; for instance, Visa Direct, which leverages the core network, handled nearly 10 billion transactions in Fiscal Year 2024 alone. The network's reach is further evidenced by its connection to more than 11 billion endpoints globally.

Brand Equity: A globally recognized and trusted payment brand

The Visa brand is synonymous with payment reliability, which is priceless in finance. This trust translates directly into consumer and merchant preference, driving volume. While brand valuation figures fluctuate, the scale of usage speaks volumes. As of 2025, there are 4.7 billion Visa cards in circulation worldwide. This massive installed base, supported by Visa's reputation for security and global acceptance, underpins its revenue streams, which for Fiscal Year 2025 reached $40 billion in Net Revenue. The brand's strength allows Visa to maintain an impressive Operating Margin, reported at 62.58% for the trailing twelve months ending September 2025.

Technology & Data Infrastructure: Over $3.3 billion invested in AI and data

Visa is defintely investing heavily to keep its tech stack ahead, especially in areas like AI and tokenization, which are critical for future growth in new flows. While the specific figure you mentioned for AI/data investment isn't explicitly in the latest filings I have, we can see the tangible results of their technology focus. A concrete example of acquiring advanced technology for data protection was the December 2024 purchase of Featurespace, a real-time AI fraud protection technology developer, for $946 million. Data infrastructure is also evident in their tokenization strategy; as of early 2025, Visa had 13.7 billion network tokens in the ecosystem. Transactions using these tokens see 6 percentage points higher approval rates and a 30% reduction in fraud rates, showing the direct financial benefit of this data-centric asset.

Intellectual Property: Patents and proprietary risk management algorithms

The proprietary algorithms underpinning Visa's risk management and authorization systems are core intellectual property. These are the 'secret sauce' that enables the high approval rates and low fraud mentioned above. The acquisition of Featurespace for $946 million in late 2024 directly bolsters this resource by integrating cutting-edge, patented AI risk management technology into the core platform. This IP allows Visa to offer Value-Added Services (VAS) that are sticky with clients; VAS revenue is a fast-growing segment, aiming to be half of total revenue over time, up from 30% last year.

Global Acceptance Footprint: Connecting over 200 countries and territories

The physical and digital reach of the network is a massive, hard-to-replicate resource. This footprint ensures that wherever commerce happens, a Visa option is likely available. Here's a quick look at the scale of that reach as of late 2025 data:

This acceptance level is what drives the overall transaction volume. For context, the total payment volume processed across Visa networks in Fiscal Year 2024 reached $15.7 trillion.

Visa Inc. (V) - Canvas Business Model: Value Propositions

You're looking at the core reasons why issuers, merchants, and consumers stick with Visa Inc. It's about scale, trust, and the plumbing that keeps global commerce moving. The value Visa provides isn't just a plastic card; it's the network effect underpinning trillions in spending.

Universal Acceptance: Enabling payments in over 200 countries.

The sheer reach of the Visa network is a primary value driver. This scale means a cardholder in, say, Des Moines, Iowa, can transact with confidence in almost any major economy. This is backed by a massive installed base of credentials and merchant acceptance points.

• Visa cards in circulation globally reached 4.8 billion as of Q3 2025.
• The total card base grew by 7% year-over-year, reaching 4.7 billion as of early 2025.
• This includes approximately 1.4 billion credit cards and 3.4 billion debit cards as of Q3 2025.
• Acceptance spans 150 million merchant locations worldwide as of 2025.
• In the US, Visa commands a 52% market share in the card network sector.

Security & Fraud Mitigation: Zero Liability Policy and AI-driven fraud tools.

Trust is the currency of digital payments, and Visa's investment in security underpins that trust. The Zero Liability Policy is a foundational promise, but the real-time defense is where the heavy lifting happens, powered by significant technology spend.

Visa has invested over $12 billion in technology over the last five years specifically to reduce fraud and enhance network security. The global fraud rate for Visa transactions is maintained at below 0.1%.

The AI-driven tools provide proactive defense:

• Visa Advanced Authorization analyzes over 400 risk attributes in real-time.
• These AI tools aided in preventing approximately $25 billion in annual fraud.
• The Visa Scam Disruption (VSD) practice prevented more than $350 million in attempted fraud in 2024 alone.

Seamless Global Commerce: Fast, reliable cross-border transaction processing.

For cross-border activity, speed and reliability translate directly into revenue for merchants and better experiences for travelers and e-commerce shoppers. The network's capacity is key here, handling massive throughput reliably.

VisaNet, the global processing network, can handle 65,000 transaction messages per second. For the fiscal year ending September 30, 2025, processed transactions grew by 10% to 258 billion.

Cross-border metrics show strong demand:

Also, Visa is integrating digital assets, processing $225 million in stablecoin volume via its VTAP platform in 2025.

Digital Innovation: Offering Tap to Pay, tokenization, and Visa Payment Passkey.

The shift to digital is not just about cards; it's about invisible, secure transactions across all endpoints. Tokenization is central to securing e-commerce, while contactless is dominating in-person payments.

Digital adoption figures show this shift clearly:

• Contactless transactions represented 76% of all Visa card payments globally in 2025.
• Tap-to-pay penetration surpassed 60% in the U.S. for the first time in Q2 2025.
• Tokenization now covers 50% of global eCommerce transactions.
• Tokenized eCommerce transactions experience 6% higher approval rates and 30% lower fraud.
• Value-Added Services (VAS) revenue expanded 25% in constant currency to $3 billion in the last reported quarter, showing successful diversification beyond core processing.

Risk Management: Providing issuers and acquirers with end-to-end risk services.

This value proposition is largely captured within the growth of Value-Added Services (VAS), which includes fraud tools, risk analytics, and data services sold to financial institutions and merchants. This segment is growing faster than core processing.

In the last reported quarter, VAS revenues expanded by 25% in constant currency to $3 billion. This growth shows issuers and acquirers are actively purchasing these end-to-end risk and data services to manage their own exposure and improve authorization rates. Finance: draft 13-week cash view by Friday.

Visa Inc. (V) - Canvas Business Model: Customer Relationships

You're looking at how Visa Inc. maintains and deepens its relationships with its core clients-the financial institutions and partners. It's a mix of high-touch support for the biggest players and scalable digital tools for everyone else.

Dedicated Account Management

For major financial institutions, the relationship is definitely high-touch. This involves dedicated teams working on everything from portfolio optimization to risk management strategy. Visa Consulting and Analytics (VCA) supports this by leveraging data from trillions of transactions to benchmark client performance versus peers. The VCA group itself has a global team of over 1500+ payments consultants, data scientists, and economists across six continents, helping clients improve performance and profitability. For example, VCA helped one client reduce attrition by 25 percent.

Self-Service Tools

To keep things efficient for a massive partner base, Visa provides digital access points. This includes integrated APIs that empower developers to securely deploy AI-powered commerce at scale. The focus on digital acceptance is clear in the broader ecosystem; the J.D. Power 2025 Merchant Services Satisfaction Study found that 90% of small businesses accept digital wallets. You get seamless digital access; that's the goal.

Co-Marketing/Incentives

Visa drives joint activity through co-marketing and client incentives. For the fiscal third quarter of 2025, Client Incentives grew by 15% year-over-year, totaling $3.7 billion for that quarter alone. In the first quarter of fiscal 2025, Client Incentives grew by 13% year-over-year, reflecting what the company called a strong renewal quarter. These incentives are a key part of maintaining strong relationships with issuers.

Here are some metrics related to the value-added services that often tie into these relationships:

Advisory Services

Visa Consulting & Analytics (VCA) provides data-driven strategy to clients ranging from issuers to fintechs. VCA helps clients with strategy, portfolio optimization, and digital execution. For instance, VCA helped a large bank uncover an additional $3M in annual revenue by optimizing authorizations and fraud controls. Furthermore, VCA supports AI strategy development, including the utilization of over 150+ proprietary AI models.

Continuous Innovation

Providing new solutions keeps the relationship fresh and relevant. The Flex Credential is a prime example, letting cardholders toggle between debit, credit, and buy now, pay later (BNPL) options using a single credential. As of May 2025, Affirm launched Flex in the U.S. to its cardholder base of 1.7M active users in less than 6 months. Globally, with the Olive card in Japan, 3 million customers use the VFC, and about 70% of those customers are actively switching to credit. This innovation is about giving consumers choice and flexibility right at the point of interaction.

Your next step is to review the Q4 2025 Client Incentive accrual against the budget. Finance: reconcile Q3 2025 Client Incentives of $3.7 billion against the annual projection by Monday.

Visa Inc. (V) - Canvas Business Model: Channels

You're looking at how Visa Inc. gets its services-the actual pipes and connections it uses to move money-out to the world as of late 2025. It's a massive, multi-pronged approach that goes way beyond just the plastic in your wallet.

Financial Institutions: Primary channel for card issuance to consumers.

The foundation of Visa Inc.'s reach remains the relationship with banks and credit unions. These financial institutions are the ones that actually issue the Visa-branded payment credentials to you and me. As of the end of Fiscal Year 2025 (September 30, 2025), Visa was working with approximately 14,500 financial institution clients globally. This network resulted in 4.9 billion Visa credentials in circulation worldwide. To give you a sense of the mix, Visa debit cards accounted for about 1.012 billion of that total credential count. This direct link to issuers is what allows Visa to maintain its massive scale and brand presence across consumer spending.

Merchant Acquiring Services: POS and Mobile-POS machines for physical retail.

Getting merchants to accept the credentials is the next critical step, covering everything from traditional point-of-sale (POS) terminals to modern mobile POS setups. Visa's network acceptance is vast, reaching over 175 million+ merchant locations as of June 30, 2025. This figure includes an estimated 64 million locations enabled through payment facilitators, which are the tech providers that help smaller merchants accept payments on behalf of acquirers. In the U.S., Visa holds a dominant 52% market share in the card network sector. Globally, excluding the domestic Chinese market, Visa commands about a 50% share of total card payments. The shift to tap-and-go is clear; contactless transactions represented 76% of all Visa card payments globally in 2025. Furthermore, Visa Tap to Phone technology, which turns a mobile device into a payment terminal, showed a 200% year-over-year growth, now active in 118 markets.

Here's a quick look at the scale of acceptance and usage:

Digital Integration: E-commerce platforms and digital wallet providers.

The channel strategy heavily leans into digital acceptance, where Visa is often the invisible layer powering the transaction. Visa solutions accounted for an overwhelming 90% of all online transactions in 2025. Security in this space is driven by tokenization; Visa added 1 billion tokens in the last year, bringing the total to 13.7 billion tokens provisioned. This means nearly 50% of global e-commerce transactions are now tokenized, which helps authorization rates and reduces fraud. On the consumer side, there are about 500 million Visa cards linked to mobile wallets worldwide.

Key digital integration points include:

• Tokenization coverage: Nearly 50% of global e-commerce transactions.
• Mobile Wallet Linkage: 500 million Visa cards linked globally.
• E-commerce Dominance: Accounted for 90% of online transactions in 2025.
• Visa Tap to Phone Markets: Active in 118 markets worldwide.

Visa Direct: Real-time money movement platform for P2P and B2B.

Visa Direct is a primary channel for moving money outside of traditional card-present or card-not-present purchases, targeting P2P (person-to-person), B2C, and B2B flows. This platform is key to displacing cash and checks. In the third quarter of Fiscal Year 2025, Visa Direct transaction volumes reached 3.3 billion, representing a 25% year-over-year increase. For context, the total annual volume opportunity Visa sees in this Commercial and Money Movement Solutions (CMS) segment is estimated at $200 trillion. The segment's net revenue has grown at a 22% CAGR since 2021, showing the rapid adoption of these push-payment capabilities.

Direct APIs/SDKs: Tools for fintechs to embed Visa services (Visa-as-a-Service).

To scale these new flows and services, Visa Inc. uses its developer platform to embed its capabilities directly into third-party applications. This is the essence of Visa-as-a-Service. The Fintech Fast Track program, which provides resources and streamlined access to Visa's network for new partners, has expanded to support over 2,000 fintechs globally. Finance: draft 13-week cash view by Friday.

Visa Inc. (V) - Canvas Business Model: Customer Segments

Visa Inc. serves a broad ecosystem, connecting various parties through its global payment network. The core customer base is segmented by their role in the transaction flow.

Financial Institutions: Issuers and Acquirers Worldwide

Financial Institutions are the foundation, as Visa does not issue cards or extend credit itself. These partners utilize Visa-branded products for their customers.

• Number of financial institution clients as of the twelve months ended September 30, 2025: ~14,500.
• Total Visa credentials in circulation as of the fourth quarter of fiscal year 2025: 4.9B.
• Total processed transactions for the twelve months ended September 30, 2025: 257.5 billion, representing a 10% increase over the prior year.
• Fiscal full-year 2025 Net Revenue was $40.0B, with International net revenue representing almost 60% of the total.

Global Merchants: Large Retailers and Small Businesses (Physical and E-commerce)

Merchants are the acceptance point for Visa credentials, relying on the network for secure and efficient payment processing. Growth in acceptance points directly translates to volume.

• Global merchant acceptance locations as of June 30, 2025: 175M+.
• Contactless transactions accounted for 76% of all tap-to-pay transactions globally in 2025.
• Visa's U.S. debit card market share by purchase volume is approximately 74%.
• Visa holds a 52.2% share of the global credit card market.

Consumers: Middle to High-Income Individuals Seeking Convenience and Security

Consumers are the end-users of the payment products issued by financial institutions. Their behavior drives transaction volume and adoption of new payment methods.

• Visa debit cards accounted for approximately 1.012 billion of the total credentials.
• Digital wallets had 500 million Visa cards linked worldwide.
• The company's GAAP Net Income for fiscal year 2025 was $20.1B.

Governments: Entities Using Visa for Disbursements and Commercial Payments

Governments are increasingly engaging with Visa for efficient money movement, particularly for disbursements and commercial card programs.

• Visa executives called out commercial payments as a key area for expansion.
• The company is developing partnerships with many governments around the world, often leveraging Visa Direct for faster benefit delivery.

New Flows: Businesses Needing B2B, P2P, and G2C Money Movement Solutions

This segment represents growth beyond traditional consumer card payments, focusing on real-time and business-to-business transfers.

• Visa Direct, the platform for push payments, processed nearly 10 billion transactions in 2024.
• Visa Direct transaction volumes reached 3.3 billion in the third quarter of 2025, a 25% year-over-year increase.
• The company aims for value-added services (VAS) and new payment flows to contribute 50% of total revenue by 2026.

Here's a quick look at the scale of the network supporting these segments as of late 2025:

The U.S. revenue contribution was $15.63B in fiscal 2025, while International revenue was $24.36B for the same period.

Finance: draft 13-week cash view by Friday.

Visa Inc. (V) - Canvas Business Model: Cost Structure

You're looking at the expenses that power the Visa Inc. global network for late 2025. The Cost Structure is dominated by incentives paid back to financial partners and the massive ongoing investment in technology.

Client Incentives represent a significant outflow, directly tied to driving volume through the network. For the full fiscal year 2025, these rebates to financial partners totaled $15.8 billion. This was an increase of 14% over the prior year, showing the scale of the volume-based agreements Visa maintains.

The overall Total GAAP Operating Expenses for the full fiscal year 2025 reached $16.006 billion. This figure saw a substantial 30% increase year-over-year, largely due to the litigation provision and rising personnel costs.

Here's a look at the major components of Visa Inc.'s cost base, using the latest available quarterly data to illustrate the scale of these specific cost centers:

Technology & Data Processing costs are essential for maintaining VisaNet, the core processing network. The Q4 2025 figure for Network and processing was $431 million. This investment supports the billions of transactions Visa handles, which reached 257.5 billion for the full fiscal year 2025.

Personnel Expenses are definitely a rising cost, reflecting the need for global talent in technology and product development. The Q4 2025 Personnel expense was $3.470 billion. This was a major driver of the overall 30% increase in GAAP operating expenses for the full year.

The Litigation Provision for legal matters, including the interchange MDL case, was a significant special item hitting the GAAP results. Visa booked $2.5 billion in FY 2025 for this provision. This charge is separate from the regular operating costs but heavily influences the GAAP expense total.

Marketing & Advertising supports the global brand presence and co-marketing with issuing banks. The latest reported quarterly spend for Marketing in Q4 2025 was $687 million. This spending helps maintain the brand trust that underpins the entire ecosystem.

You can see the relative size of the major expense categories:

• Client Incentives: $15.8 billion (FY 2025)
• Total GAAP Operating Expenses: $16.006 billion (FY 2025)
• Personnel Expenses: $3.470 billion (Q4 2025)
• Litigation Provision: $2.5 billion (FY 2025 Special Item)
• Marketing & Advertising: $687 million (Q4 2025)

Finance: draft 13-week cash view by Friday.

Visa Inc. (V) - Canvas Business Model: Revenue Streams

You're looking at how Visa Inc. actually brings in the money, which is all about the flow of transactions across its massive network. Honestly, it's a pure-play model built on volume and scale, not on lending money like a bank.

For the full fiscal year 2025, Visa Inc.'s total net revenue hit $40.0 billion, which was an 11% jump over the prior year. This revenue is carved up into a few key buckets, each tied directly to activity on the Visa network.

Here's the quick math on the main revenue components for the twelve months ended September 30, 2025, based on the reported figures:

That Data Processing Revenue is the engine room, covering the costs and fees for authorization, clearing, and settlement. It totaled $19.99 billion in FY 2025, reflecting a 13% increase year-over-year. It's tied to the 10% growth in total processed transactions, which hit 257.5 billion for the year.

Service Revenue, which reached $17.54 billion, is recognized based on the payments volume from the prior quarter. This stream saw a 9% increase, directly linking to the underlying health of consumer spending captured in payments volume.

International Transaction Revenue is where cross-border activity shows up. This was a strong performer, growing 12% to $14.17 billion. This growth was fueled by a 13% increase in cross-border volume excluding transactions within Europe, showing international travel and e-commerce are definitely back.

The growth in Value-Added Services (VAS) is notable, falling under Other Revenue. This category, which includes risk management, consulting, and data analytics services, grew the fastest at 27%, reaching $4.05 billion. It's clear that as the ecosystem gets more complex, clients are paying more for Visa's expertise beyond just moving the money.

You also have to account for the money Visa gives back to clients, which is netted out against revenue. Client Incentives were $15.751 billion for the full year 2025, up 14% from the prior year.

The core ways Visa monetizes its network are:

• Fees for processing every authorization, clearing, and settlement event.
• Charges to issuers based on the dollar volume run across Visa cards.
• Fees derived from cross-border transactions and currency conversion services.
• Revenue from Value-Added Services like fraud monitoring and consulting.

Finance: draft the Q1 2026 cash flow projection by next Tuesday.