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September 12, 2023
On the web
Visa Invests in Form3 with a Focus on Reducing Fraud and Increasing Operational Efficiency in Real-Time Payments
Bloomberg
"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."
Small Businesses Eye Global Expansion as Key to Growth, Visa Study Finds
Visa
"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."
September 11, 2023
On the web
Credit Card Disputes Keep Rising at Visa as E-Commerce Booms
Bloomberg
"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."
September 8, 2023
On the wires
Visa Research Highlights Emerging Fraud Schemes in Retail and eCommerce
Business Wire
"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."
September 7, 2023
On the web
Visa Research Highlights Emerging Fraud Schemes in Retail and eCommerce
Visa
"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."
September 5, 2023
On the web
Visa Expands Stablecoin Settlement Capabilities to Merchant Acquirers
Visa
"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."
September 1, 2023
On the wires
Credit Card Companies Urged by Senators to Cancel Plan to Raise Swipe Fees
Bloomberg
"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."
August 30, 2023
On the web
Visa, Mastercard Prepare to Raise Credit-Card Fees
WSJ
"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]
August 16, 2023
On the web
Visa Faces DOJ Scrutiny for How It Prices ‘Token’ Technology
Bloomberg
Visa Inc. is facing fresh scrutiny from the US Justice Department over how it charges merchants for technology it uses to protect cardholder information.
August 11, 2023
On the web
Visa Enables On-chain Gas Charge Payment via Credit Card Service
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."
August 10, 2023
On the web
Visa’s New Head of Fintech Talks Partnerships, Venture and Creators as an Addressable Market
TechCrunch
"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."
On the wires
Visa and Conferma Pay Partner to Accelerate Expansion of Visa Commercial Pay Globally
Businesswire
"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."
July 26, 2023
On the web
Visa Profits Rise as Global Customers Increasingly Use Credit and Debit Cards Instead of Cash
AP News
"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."
July 24, 2023
On the web
Visa Invests in Borderless Money-Movement Network
Yahoo Finance
"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."
July 18, 2023
On the web
Visa, Mastercard Hit With Antitrust Suit Over Credit Card Fees [Block]
Bloomberg Law
"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."
June 28, 2023
On the web
Visa to Acquire Pismo
Visa
"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 and SAP Join Forces to Make Enterprise Payments More Efficient
prnewswire
"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."
June 19, 2023
On the web
Visa Takeover Means Economic Turmoil Won’t Slow Tink’s Progress
ComputerWeekly.com
"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"
June 15, 2023
On the wires
SUNRATE Enhances Cross-Border Payment Capabilities with Visa Direct
PR Newswire
"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."
June 14, 2023
On the web
Visa Announces Launch of Africa Fintech Accelerator Program
vVsa
"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."
June 9, 2023
On the web
Visa, Mastercard Split on Open Banking
CFO Dive
"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."
On the wires
Visa, MasterCard Fight Off New UK Mass Actions Over Fees for Now
Reuters
"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."
May 26, 2023
On the wires
EML Payments and Visa Unveil New Digital Gift Card Product for US and Canadian Shopping Centers
Business Wire
"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."
May 22, 2023
On the web
Rethink Digital Transactions with Account Abstraction (Visa: Crypto Thought Leadership: Account Abstraction and ERC-4337)
Visa
"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."
May 18, 2023
On the web
Peru Becomes a Pioneer in Latin America and the Caribbean in the Implementation of YellowPepper's Directory Network Manager (DNM), a Key Technology for Interoperability
Business Empresarial
"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."
May 16, 2023
On the wires
Visa Partners Seven New Startups to Accelerate Payments Innovation in Asia Pacific
PR Newswire
"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."
May 10, 2023
On the wires
TerraPay Welcomes Visa as a Strategic Investor and Global Partner as Digital Cross-Border Trade Accelerates
PR Newswire
"TerraPay, a leading global payments infrastructure company, today announces a strategic equity investment from Visa, a world leader in digital payments. In addition, the companies are collaborating to connect Visa solutions to the TerraPay network to help streamline digital cross-border commerce for consumers and SMBs. Visa Direct, which facilitates the delivery of funds directly to eligible cards, bank accounts, and wallets around the world, is the first solution to connect to TerraPay's network of wallet providers."
May 5, 2023
On the web
Currencycloud's Richard Arundel Talks Cross-Border Payments
Fintech Magazine
Speaking to FinTech Magazine at Innovate Finance Global Summit (IFGS) 2023, Currencycloud’s Co-Founder and Chief Evangelist Richard Arundel runs through the company’s growth as a cross-border payments provider, and how it has changed since its acquisition by Visa.
May 4, 2023
On the web
Visa Develops Financial Solution For Small Businesses Adopting The Brazilian Real Digital
Coinidol
"Visa has announced the development of a programmable financial platform for Real Digital - a digital currency of the Central Bank of Brazil (CBDC) that is scheduled for launch in 2024. According to the local media report , the service is based on Universal Payment Channel technologies and uses Microsoft's transaction verification."
April 17, 2023
On the web
Will Visa’s 3% Surcharge Cap, Set for April 15, Push Merchants to Cash Discounts?
Digital Transactions
"Visa Inc. is poised to lower on Saturday the amount a merchant can surcharge for transactions on its credit cards from a maximum of 4% to 3%, a move it announced early this year. Some observers acknowledge the reduction will happen, though Visa Inc. has not responded to Digital Transactions News’ inquiries to confirm."
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