Visa's board OKs $12 billion share buyback

$Visa (V.US)$ Visa Inc. V, +1.11% said in a filing late Wednesday its board has authorized a new $12 billion share repurchase program. Combined with funds left over from a previous authorization, funds available for future share repurchases total $13.2 billion, Visa said, with no expiration date. Shares of Visa rose 0.9% in the extended session Wednesday, after ending the regular trading day up 1.1%.