"Sean Pitman, head of product and commercialization at Visa Direct Europe, explains how the B2B payments landscape is shifting as payments technology improves and the financial services sector works to keep up with modern expectations."
"Visa and Swift today announced a collaboration to streamline international business-to-business (B2B) payments by strengthening connectivity between their networks that move trillions in value globally."
"Visa and Currencycloud, has launched Visa Cross-Border Solutions, delivering cross-border money movement solutions for banks, FinTechs, FX brokers, corporates, and other payment institutions. Visa Cross-Border Solutions combines its homegrown cross-border and cash management capabilities, previously known as ‘Treasury-as-a-Service’, with solutions enabled by its acquisition of Currencycloud."
"Blockchain networks have long been proposed as new innovative payment rails...Over the past year, our team at Visa has been closely following the technical innovation behind blockchain scalability and are encouraged by the significant progress made with both new “layer 2” networks on top of Ethereum, as well as alternative blockchain networks built from the ground up."
"Form3 today announces that Visa, a world leader in digital payments, has invested in the cloud-native account-to-account platform, which will help Form3 continue its expansion. This funding is in parallel to news that Form3 will provide Visa's clients with access to their best-in-class payments platform, to enable them to modernise their payments' infrastructure."
"Visa today revealed findings from the seventh edition of its Global Back to Business Study, which found that a majority of surveyed small and micro businesses (SMBs) plan to prioritize cross-border sales as they look to scale beyond Main Street and High Street to new geographies."
"Credit card disputes at Visa Inc. continued rising past their pandemic boom despite the proliferation of prevention software, as fraud grows alongside e-commerce and inflation. Disputes on Visa’s network rose to more than 90 million in 2022, data provided by the payment company showed."
"Visa Inc., a world leader in digital payments, released the Fall 2023 edition of its Biannual Threats Report which highlights emerging fraud schemes targeting the global economy. This edition showcases a significant rise of phishing schemes proliferated through generative AI tools, and a marked increase in enumeration and ransomware."
"Today, Visa Inc., a world leader in digital payments, released the Fall 2023 edition of its Biannual Threats Report which highlights emerging fraud schemes targeting the global economy."
"Visa, a global leader in payments, announced its next step in modernizing cross-border money movement. Visa is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain and is working with merchant acquirers Worldpay and Nuvei."
"Senators are urging credit card giants Visa Inc. and Mastercard Inc. to cancel plans to raise their swipe fees charged to retailers and used reports on the plans to champion their bill to force competition in the industry."
"Visa and Mastercard are planning to increase fees that many merchants pay when they accept customers’ credit cards. The fee increases are scheduled to start in October and April, according to people familiar with the matter and documents viewed by The Wall Street Journal. Many of the increases are for online purchases." [Subscription Required]
Visa Inc. is facing fresh scrutiny from the US Justice Department over how it charges merchants for technology it uses to protect cardholder information.
FX Daily Report
"The payment giant VISA is making significant progress in providing convenient blockchain transfers. Hence, it is focusing on providing exclusive services to the clients. In this respect, Visa has recently been operating on a unique solution that permits users to pay on-chain gas charges with the use of Visa cards."
"The relationship between fintechs and incumbents has long been fraught with tension. But Marie-Elise Droga believes it doesn’t have to be this way."
"Visa, a global leader in digital payments, and Conferma Pay, the world’s foremost providers of virtual payments technology, announced an extension of their strategic collaboration aimed at further enhancing Visa Commercial Pay, a suite of B2B payment solutions, to help improve cashflow for businesses and eliminate outdated manual processes."
"Visa Inc. said its adjusted third-quarter profits rose by nearly double digits, as the global payments company continues to benefit from the broad shift by consumers to using credit and debit cards instead of cash."
"While the real-time settlement schemes like FedNow attract attention from banks and payments providers in mature markets, a race to connect underserved consumers to digital wallets is taking shape in emerging markets."
"Visa Inc. and Mastercard Inc. are facing a new antitrust lawsuit that alleges the credit card companies conspired to vastly overcharge the Square payment platform, causing higher retail prices paid by consumers."
"Visa today announced it has signed a definitive agreement to acquire Pismo, a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific and Europe, for $1 billion in cash."
"Visa today announced it has entered into a collaboration with SAP to streamline and simplify business-to-business (B2B) payments for enterprises, from businesses small to big, to government agencies and non-profit organisations."
"Tink is one of the pioneers of the open banking sector, and under Visa’s light-touch ownership is continuing to think like a startup"
"SUNRATE, the intelligent global payment and treasury management platform announces its collaboration with Visa, a world leader in digital payments, to enable SUNRATE customers to send and receive funds directly to eligible Visa debit and prepaid cards."
"Visa today announced the launch of the new Visa Africa Fintech Accelerator program to help enable Africa’s expanding start-up community through expertise, connections, technology, and investment funding. The initiative was introduced by Visa Executive Chairman Alfred F. Kelly Jr. at Bloomberg New Economy Gateway Africa in Marrakech, Morocco."
"In the rivalry between the two biggest U.S. card companies, Mastercard is betting on the rise of the open banking trend while Visa is less persuaded it will take off."
"Global payments processors Visa and Mastercard have fought off a new set of lawsuits over fees charged to retailers, with a London tribunal ruling on Thursday that the proposed collective cases cannot proceed for now."
"EML Payments Limited, a leading payment solutions provider, is working with Visa, a world leader in digital payments, to offer its private label digital gift cards product serving its broad shopping center and multi-retailer customer base in the United States and Canada."
"Despite ongoing advancements, blockchains currently struggle to offer the same level of flexibility and user experience found in the mainstream digital payments ecosystem. Emerging technologies, however, can enhance the payments experience when transacting in digital currencies."
"YellowPepper's Directory Network Manager solution is the one that technologically enables the interconnection of the two largest mobile wallets in Peru, Yape and Plin, within the framework of the beginning of the interoperability of payment systems in Peru."
"Visa, a world leader in digital payments, today announced seven new startups it will partner as part of its Visa Accelerator Program in Asia Pacific. The seven startups selected as part of the 2023 program are from India, Mainland China, Thailand, Singapore and Germany and they will be working on solutions in the areas of Web 3.0, global money movement, embedded finance, merchant and small business enablers, and open banking solutions."