Visa Executive: "We Can All Agree We Got Caught Flat Footed."

After ten years of battling partners in retail and payment processing, Visa has recently gone public with a conciliatory message for the future. Visa is under attack on its flanks from upstart payment processors and head-on from longtime rival MasterCard .

In the video below, Motley Fool contributor Jay Jenkins discuss the change in tone from Visa, and what it means for investors going forward.

The retail space is in the midst of the biggest paradigm shift since mail order took off at the turn of last century. Only those most forward-looking and capable companies will survive, and they'll handsomely reward those investors who understand the landscape. You can read about the "3 Companies Ready to Rule Retail" in The Motley Fool's special report. Uncovering these top picks is free today; just click here to read more.

Note: In the video above, Jay refers to a subsidiary of Synovus Financial . The company in reference, Total System Services -- commonly called TSYS -- was spun off from Synovus in 2007 and is an independent public company. According to Yahoo! Finance, Synovus currently owns 9.23% of TSYS.

The article Visa Executive: "We Can All Agree We Got Caught Flat Footed." originally appeared on Fool.com.

Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends MasterCard and Visa. The Motley Fool owns shares of MasterCard. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.