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December 19, 2023
On the web
Visa Announces Strategic Collaboration With TECH5 to Advance Digital Government Ecosystems
TECH5
Visa Inc. and TECH5, an innovator in the field of biometrics and digital identity management, have signed a strategic collaboration agreement focusing on the development and enhancement of digital government ecosystems on a global scale.
December 18, 2023
On the web
Visa Expands Fintech Fast Track to Drive the Next Generation of Money Movement
Visa
"Visa is expanding its Fintech Fast Track program beyond card issuance to connect members to Visa’s real-time1 money movement platform, Visa Direct."
On the wires
Visa Provisioning Intelligence Launches to Combat Token Fraud
Business Wire
"Visa announced the commercial launch of Visa Provisioning Intelligence (VPI), an AI-based product designed to combat token fraud at its source."
December 15, 2023
On the wires
Visa to Acquire a Majority Interest in Prosa to Accelerate Digital Payments Adoption in Mexico
Business Wire
"Visa announced today it has entered into a definitive agreement to acquire a majority interest in Prosa, a leading payments processor in Mexico, to accelerate the adoption of secure and innovative digital payments in the country. Prosa will continue to operate as an independent company with its own technology infrastructure, while Visa looks to expand Prosa’s product offerings with new digital solutions."
December 12, 2023
On the web
RevoluPAY Introduces Visa Direct to Enable Instant P2P Payments Through RevoluSEND
GlobeNewswire News Room
"Visa and RevoluPAY, a wholly owned subsidiary of RevoluGROUP Canada Inc., announce the launch of Visa Direct, a new solution that allows RevoluPAY customers to send and receive money instantly from person to person through RevoluSEND."
November 30, 2023
On the web
Visa Study: 97% Of Asia Pacific Travellers Opt to Go Cashless When Travelling
prnewswire
"Asia Pacific travellers prefer using credit, debit and prepaid cards as payment method when travelling, according to the latest findings from Visa's latest Global Travel Intentions (GTI) study, underlining consumers' growing reliance on digital payment methods."
November 16, 2023
Top Post
Visa Australia Proposes Preferential Interchange Rate for SMEs
Electronic Payments International
"Visa is proposing to reduce the interchange fee paid by small merchants to a flat rate of only 2.2 cents for in-store transactions."
On the web
New Visa Report Tells Consumers to Stay Alert this Holiday Shopping Season
Visa
Visa Inc. revealed its Holiday Edition Threats Report, which anticipates heightened scam activity during the holiday season across both card-present (CP) and card-not-present (CNP) transactions.
On the wires
Visa and Tencent Financial Technology Extend Global Partnership to Facilitate Remittances to Digital Wallets Utilising Visa Direct
PR Newswire
"Visa and Tencent Financial Technology announced at the Singapore Fintech Festival 2023 that they are partnering to enable Weixin users to receive inbound remittance in their digital wallets."
November 14, 2023
On the web
Generation Alpha Set to Be Most Entrepreneurial Yet, as New Research Reveals Expectations for a World of ‘Ultimate Convenience’
Visa
"New research1 reveals Gen Alpha’s expectations for a workforce that’s worlds apart from what is known today, as over three quarters (76%) aspire to be their own boss or have a ‘side hustle’, vs 13% who want to work for others."
November 7, 2023
On the wires
Whillet Collaborates with Visa to Introduce Carment: A Next-Level Instant Payment Platform for the U.S. Used Car Market
Business Wire
"Whillet, an embedded finance startup, announced its collaboration with Visa to roll out the Carment Instant Payment Platform in the U.S., enabled by Visa Direct. Whillet will offer solutions to improve payment processes procedures in the used car market."
November 3, 2023
On the web
Acquirers Seek Answers from a Visa Surcharging Executive
Digital Transactions
"More than 10 years after Visa Inc. wrote its rules permitting surcharging on its credit cards, questions remain among acquirers, especially those selling or considering surcharge programs for their merchants."
India’s UPI Hits Record Volume
Global Finance Magazine
"In August and September, the Indian payments ecosystem, Unified Payments Interface (UPI), exceeded 10 billion monthly transactions, with predictions it could soon reach 100 billion per month. To put this in perspective, according to Statista, roughly 242 billion purchase transactions worldwide involved Visa payment cards in 2022, while MasterCard processed 113 billion transactions in 2020."
November 1, 2023
On the web
Visa Completes Digital Hong Kong Dollar Pilot Test with Local Banks
Cointelegraph
"Payment processor Visa has completed the Hong Kong Monetary Authority’s central bank digital currency (CBDC) pilot program with HSBC and Hang Seng Bank."
October 31, 2023
On the web
Paymentology Becomes First Issuer Processor in Europe to Receive Visa Cloud Connect Certification
Paymentology
"Paymentology, a leading global issuer-processor, announces it is the first issuer processor in Europe to secure Visa Cloud Connect (VCC) certification from Visa, a world leader in digital payments."
October 30, 2023
On the web
Visa and BMO Expand Flexible Payment Options in Canada with Installments Plans
Financial Post
"Visa and BMO announced a new collaboration to provide eligible BMO credit cardholders access to Installments, enabled by Visa. The convenient payment option is expected to launch in 2024 and enables consumers to convert qualifying purchases into smaller, equal payments made over a defined period of time."
October 25, 2023
On the web
Visa Expands Loyalty Offers and Access to Innovative Products to Support Small Business Growth
Visa
"Visa Inc. announced impactful Instant Savings offers for small businesses (SMBs) across North America, comprised of industry-leading tools and resources aimed at enabling small businesses to grow and meet the expectations of their customers."
October 23, 2023
On the web
Visa Announces Pilot Launch of Visa AR Manager to Simplify Commercial Virtual Card Acceptance
Visa
"Visa announced the forthcoming pilot launch of Visa AR Manager, a new home-grown innovation that will reduce the friction commercial merchants experience with virtual card acceptance."
Visa, MasterCard Want a Slice of Africa’s Mobile Money
Tekedia
"Africa’s mobile money market is booming, with over 560 million registered accounts and $495.3 billion in transactions in 2020, according to the GSMA. The continent is home to some of the most innovative and successful mobile money services in the world, such as M-Pesa, MTN Mobile Money, Orange Money and Airtel Money."
October 18, 2023
On the web
Shares in Visa, Mastercard Slide on Expected Federal Reserve Fee Cap Proposal
Reuters
Shares in Visa and Mastercard slid on Wednesday on news the U.S. Federal Reserve is expected to propose lowering the fees banks can charge retailers for processing debit-card transactions.
October 9, 2023
On the web
Visa’s Crypto Exchange Partnerships Led to Over $3 Billion in Payment Volume
Blockonomi
"Since 2021, Visa has teamed up with multiple cryptocurrency exchanges - these partnerships have led to over $3 billion in payment volumes."
October 5, 2023
On the web
Visa’s $100 Million Venture Fund: Revolutionizing the Game with Artificial Intelligence
Medium
"Visa, has recognized the potential of AI and launched a groundbreaking initiative — the Visa $100 Million Venture Fund. In this article, we will delve into the rise of Visa’s Venture Fund and its pivotal role in revolutionizing the financial world with artificial intelligence."
October 2, 2023
On the web
Visa Launches $100 million Generative AI Ventures Initiative
Visa
"Visa announced a new $100 million generative AI ventures initiative to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments."
Visa Enters Strategic Partnership with Expel to Help Clients Manage Cybersecurity Risk
Visa
"Expel brings Managed Detection and Response (MDR) capabilities, which Visa uses to augment its own security team, to Visa’s Value-Added Services portfolio, helping to protect global clients from emerging cyberthreats"
September 29, 2023
On the web
Payment Companies are Ready to Play with Stablecoins
Tearsheet
"Visa has partnered up with Solana to to introduce USDC settlements over the blockchain network. This announcement comes after Mastercard and PayPal have launched their own stablecoin initiatives, signaling interest in the digital currency by payments players."
September 28, 2023
On the web
Visa Program Combats Friendly Fraud Losses For Small Businesses Globally
Visa
"Visa Inc. spotlighted the evolution of its dispute program, making it easier for merchants to fight first-party misuse, also known as friendly fraud or first-party fraud, for card-not-present transactions...The rule change gives merchants more ways to show a disputed charge is valid and authorized, helping business owners keep money that is rightfully theirs, while protecting legitimate cardholder activity."
September 21, 2023
On the web
Transaction Trends: How Real-Time Payments are Driving Innovation in the B2B Space [Video]
Raconteur
"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."
September 19, 2023
On the web
Visa and Swift Team Up to Enhance Transparency, Speed and Security in Global B2B Money Movement
Visa
"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."
September 14, 2023
On the web
Visa Launches Cross-Border Solutions for Businesses Globally
IBS Intelligence
"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."
Visa: A Deep Dive on Solana, a High Performance Blockchain Network
Visa
"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."
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