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November 19, 2024
On the web
Research Reveals Two in Five UK SMBs Have Lost Money to Fraudster
Visa
"New research from Visa reveals that more than two fifths (41%) of small-medium businesses in the UK have been a victim of fraud, with the average amount lost due to fraudsters in the last year being £3,808. With small-medium businesses (SMBs) making up 99.9% of the business population (5.6 million businesses), Visa’s research highlights the potentially devastating financial impact of fraud on businesses and the UK economy."
November 12, 2024
On the web
Visa Recognizes Creators as Small Businesses (Visa Direct)
Visa
"At the opening session of Web Summit in Lisbon, Portugal, Visa unveiled commitments to digital creators. Visa officially recognized creators as small businesses. Visa is also helping creators get paid fast. Visa Direct is addressing this through partnerships with social media networks and marketplaces to help creators get payouts in real-time to their eligible debit card."
Visa Flexible Credential Goes Global: Transforming the Card for a Digital Future
Visa
"Visa announced that the Flexible Credential is expanding to the U.S. and will be rolling out with Affirm, and in the United Arab Emirates with Liv, giving millions more people greater choice and control over how they pay."
November 6, 2024
On the web
Visa Collaborates With QR Payment Providers to Enable Cross Border Payments Across Asia Pacific
PR Newswire
"Visa, a global leader in digital payments, announced collaborations with QR payment providers to allow consumers to use their digital wallets to scan and pay at point-of-sale QR when they travel abroad. The pilot program will begin in Singapore, with more to be rolled out across the region in the coming year."
October 31, 2024
On the web
Coinbase to Integrate Visa Direct to Deliver Real-Time Account Funding for Customers
Visa
"Visa announced a partnership with Coinbase, a trusted place to buy, sell, and manage crypto. This partnership adds convenience and new services for Coinbase customers across the US and EU, including real-time, reliable, and secure money movement."
October 30, 2024
On the web
Coinbase to Integrate Visa Direct to Deliver Real-Time Account Funding for Customers
Visa
"Visa announced a partnership with Coinbase, a trusted place to buy, sell, and manage crypto. This partnership adds convenience and new services for Coinbase customers across the US and EU, including real-time, reliable, and secure money movement."
October 29, 2024
Top Post
Visa Plans to Lay Off Around 1,400 Employees and Contractors
WSJ
Visa plans to lay off around 1,400 employees and contractors by the end of the year, according to people familiar with the matter, as part of a plan to streamline its international business. [Subscription Required]
On the web
Visa Expands Push-to-Wallet for Virtual Cards Across Commercial Solutions Ecosystem
Visa
"Visa announced new capabilities that enable frictionless, provisioned virtual card push-to-wallet experiences. Users can now seamlessly push virtual cards to mobile wallet ecosystems including Apple Pay and Google Pay, with control and security that allows for precise spending limits and monitoring of transactions, thereby minimizing the risk of fraud and unauthorized expenditures."
October 25, 2024
On the web
Visa and USAID are Working Together to Drive Inclusive Digital Government Ecosystems and Payment Digitization
Visa
"Visa announced it is working jointly with the United States Agency for International Development (USAID) to improve access to open, secure, and inclusive digital government systems across the world. Following the recent launch of USAID’s Digital Policy, Visa and USAID will work together for five years to focus on developing programs to assist governments in creating and adopting platforms that connect their constituents with local government services."
October 24, 2024
Top Post
Criminals Reverting to Old-School Tactics with New Twists, Visa’s State of Scams Report Shows
Visa
"Ahead of Money20/20 US, Visa, published the State of Scams: Fall 2024 Biannual Threats Report. The latest edition of the report brings to light several emerging threats and scams targeting banks and consumers, including a surprising resurgence of small-scale physical crime."
On the web
Worldline Partners With Visa Acceptance Solutions to Deliver Data-Driven Fraud Management Solution
Worldline
"Worldline has announced plans to collaborate with Visa Acceptance Solutions, to launch an optimized fraud management solution. The relationship leverages both companies’ extensive transactional data and expertise, augmenting Worldline’s payment services with Cybersource Decision Manager solution to provide businesses with fraud detection across industries."
October 21, 2024
On the web
Visa Wanted a Vast Empire. First, It Had to Beat Back Its Foes.
WSJ
"Visa is winning the decadeslong battle for control over how U.S. consumers pay for everything. It got here in part by paying for competition to go away and by using fees as weapons to make partners bend to its wishes. [Subscription Required]"
October 17, 2024
On the web
Mastercard, Visa Warning Over RBA Push to Change Card Fees: ‘No Such Thing as a Free Lunch'
Yahoo Finance
"Mastercard and Visa have warned of the "unintended consequences" if the Reserve Bank of Australia (RBA) makes changes to card fees. The RBA is conducting a large-scale investigation into the card system, how they affect people across the country, and whether they're still fit for purpose more than 20 years after they were introduced."
October 16, 2024
On the web
Visa and Analytic Partners Announce Multi-Year Deal to Transform Commercial Analytics for Merchants and Brands
Visa
"Visa announced that it has entered into a new strategic partnership with Analytic Partners, a global analytics solution provider. Together, Visa and Analytic Partners plan to address commercial challenges faced by merchants and brands, including improving the return on advertising investments, with value-enhancing AI-driven data analytics."
October 14, 2024
On the web
Visa Report Reveals UAE Growing Adoption of Digital Methods for Sending Remittances Globally
Visa Middle East
"As remittances remain a lifeline for millions of expatriates in the UAE and their families, Visa’s annual “Money Travels: 2024 Digital Remittances Adoption” research report found that UAE remittance senders are primarily motivated by the need to provide regular support to their families abroad and address unexpected emergencies."
October 9, 2024
On the web
Promoting Pay by Bank across London with Tink and Splitwise
Open Banking Expo
"Tink, A Visa Solution, recently ran an out-of-home campaign with its partner Splitwise, showcasing how the bill-sharing app has introduced Pay by Bank payments, so that users can pay friends and family more easily."
October 4, 2024
On the web
Visa Introduces the Visa Tokenized Asset Platform
Visa
"Visa is helping to bridge existing fiat currencies with blockchains through the Visa Tokenized Asset Platform ( VTAP), a new product designed to help financial institutions issue and manage fiat-backed tokens on blockchain networks."
October 3, 2024
Top Post
Visa Announces Pilot Launch of Visa Commercial Solutions Hub to Unify Its Commercial Payments Ecosystem
Business Wire
Visa announced a new commercial payments ecosystem, the Visa Commercial Solutions Hub. This strategic initiative will provide financial institutions and businesses efficient access to a wide range of commercial payment solutions, complementary capabilities and integrations into a range of fintech services.
On the web
CARD91 Partners with Visa to Empower Issuers with Enhanced Forex Card Platform
prnewswire
"CARD91 has collaborated with Visa to enhance the Forex Cards issuance experience for both cardholders and issuers. Leveraging CARD91's technology solutions, this program management deal will enable regulated entities to seamlessly issue Forex Cards on the Visa network and provide better transaction visibility for stakeholders."
October 2, 2024
On the web
Cardlay Announces Collaboration With Visa to Help Revolutionise Spend Management Solutions
Cardlay
"Cardlay, a Danish fintech company, and Visa announced a collaboration aimed at setting new standards for fast and efficient spend management for commercial cards issuers and their clients."
September 26, 2024
Top Post
Visa Agrees to Buy Ai-Focused Enterprise Tech Firm Featurespace
Reuters
"Visa has agreed to buy AI-focused Featurespace, which develops enterprise technology preventing fraud and financial crime, for an undisclosed amount. Top tech companies are racing to build artificial intelligence into their products and services, leading to surging demand for AI chips, services and machine learning technology."
September 24, 2024
Top Post
US Justice Department Accuses Visa of Illegal Monopoly That Adds to the Price of ‘Nearly Everything’
CNN
"The US Justice Department filed a lawsuit Tuesday accusing Visa of illegally monopolizing the debit card market. For more than a decade, the department alleges, Visa has abused its dominant position in the debit card market to force businesses to use Visa’s network instead of competitors’, and to stop new alternatives from entering the market."
September 13, 2024
On the web
Safaricom Receives Payment Facilitator Certificate From Visa
TechTrendsKE
"Digital payments company Visa has awarded Safaricom a Payment Facilitator Certificate, marking a major milestone in its ongoing partnership with the telco."
September 11, 2024
On the wires
Visa Aims for 10-Fold Rise in Pakistani Use of Digital Payments
Reuters
"Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant's general manager for Pakistan, North Africa and Levant told Reuters."
September 5, 2024
Top Post
Visa Debuts a New Product Designed to Make It Safer to Pay Directly From Your Bank Account
CNBC
"Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process. Visa said it plans to launch a dedicated service for account-to-account (A2A) payments in Europe next year."
September 3, 2024
On the wires
Visa Unveils Groundbreaking Payment Innovations at Global Fintech Fest 2024
PR Newswire
"Visa has unveiled an array of innovative payment products and solutions during the Global Fintech Fest 2024: HDFC Bank's All-in-One POS Device, Paytm NFC Card Soundbox, Neo for Merchants by Axis Bank and Visa, PayU Push Provisioning Powered by Visa, IDFC First Bank and Visa's Ashva Metal Credit Card, CRED In-App Card Payment Experience with Tokenisation, Pine Labs Mini Device, HSBC Premier Signature Debit Card, Push Provisioning with AU Small Finance Bank and Juspay."
August 29, 2024
On the web
Visa Partners With Revolut
Yahoo Finance
"Visa has collaborated with Revolut to enable Instant Card Transfers for Revolut Business customers. This global agreement follows Revolut and Visa’s collaboration to offer card transfers powered by Visa Direct for peer-to-peer payments to 90 countries in the world in 2023 and the launch of Visa virtual cards for businesses focused on the B2B travel sector in 2024."
August 13, 2024
On the wires
Visa and Plug and Play Announce Call for Applications for Inclusive Fintech Accelerator Cohort 2
PR Newswire
"Visa in partnership with Plug and Play announced the call for applications for the second cohort of the Visa Inclusive Fintech Accelerator."
August 7, 2024
Top Post
Nacha Announces Visa as Preferred Partner
Nacha
"Nacha announced that Visa has joined its Preferred Partner Program for ACH Experience, Open Banking and Account Validation."
On the web
Visa Data Shows Spending at the 2024 Olympic Games is Boosting the French Economy
Visa
"The biggest share of overseas spend comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Japan and Brazil."
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