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June 26, 2024
On the web
Visa Brings Travelers Peace of Mind with New Digital Card Replacement
Visa
"Kicking off the summer travel season, Visa announced its Digital Emergency Card Replacement, a new service that promptly delivers a digital card replacement on behalf of card issuers via text or email."
June 25, 2024
Top Post
Federal Judge Rejects $30 Billion Settlement Between Visa, Mastercard and Retailers
CNN
"A federal judge overseeing a $30 billion preliminary swipe-fees settlement between Mastercard, Visa and retailers formally rejected the deal Tuesday. The ruling likely means the credit card processors will have to make more concessions to resolve their long-standing dispute with merchants."
June 21, 2024
Top Post
China Asks Visa, Mastercard to Cut Card Fees
"China is pushing for Visa and Mastercard to lower their bank card transaction fees in the country to encourage spending by foreign visitors, Bloomberg News reported, on Friday, citing a person familiar with the matter. The Payment & Clearing Association of China is proposing lowering the fees charged on foreign card transactions to 1.5% from between 2% and 3%, the report said."
June 14, 2024
Top Post
Judge Likely to Reject $30 Billion Visa, Mastercard Fee Deal
Bloomberg Law
"A $30 billion settlement between Visa Inc., Mastercard Inc. and retailers to cap credit-card swipe fees is likely to be rejected by a federal judge in Brooklyn, a setback in the two decade-long litigation."
June 13, 2024
Top Post
Visa Relaunches SavingsEdge™ with New Offers to Deliver Greater Value to Small Businesses
Visa
"Visa Inc. announced the relaunch of Visa SavingsEdge, aimed at delivering greater value to small businesses (SMBs) across the United States and Canada."
On the web
How Businesses Can Integrate Token Technology Into Existing Payment Systems
Help Net Security
Mark Nelsen, SVP and Global Head of Consumer Product at Visa, discusses the integration of token technology into existing payment systems.
June 12, 2024
On the web
Visa Releases Third Annual Money Travels: 2024 Digital Remittances Adoption Report
Visa
While remittances are a lifeline for millions of migrant workers and their families, Visa’s annual “Money Travels: 2024 Digital Remittances Adoption” research report found that humanitarian assistance was a predominant driver of remittance usage on the send side, with many noting that it was important to support the lives of people in need, amid worldwide events.
June 11, 2024
On the wires
Dash Solutions and Visa Collaborate to Deliver Real-time Money Movement
Business Wire
Dash Solutions announced an expansion of its strategic collaboration with Visa. The agreement leverages Visa’s digital payment network, Visa Direct, to allow Dash customers to send real-time1 payments to billions of eligible cards, bank accounts, and digital wallets.
June 6, 2024
On the web
UAE Survey Reveals Consumers’ Commitment to Financial Literacy and Responsible Credit Use
Visa Middle East
"Visa has launched the results of a 2024 Financial Literacy Survey which assesses financial knowledge and choices of consumers in the UAE in managing credit, savings and spending."
June 4, 2024
Top Post
Visa Issues 10 Billionth Token, Generating $40 Billion in Incremental E-commerce Globally
Visa
"Visa announced a significant milestone achieved by its tokenization technology, revealing that Visa tokens have generated more than $40 billion in incremental ecommerce revenue for businesses globally and saved $650 million in fraud in the last year."
May 30, 2024
Top Post
Visa’s New AI Tool for Faster Payments Could Help Save UK Over £330M a Year on Fraud and App Scams
Visa
"In a groundbreaking pilot in partnership with Pay.UK, Visa has shown how leveraging the latest AI technology has the potential to drastically cut the £600m lost annually to account-to-account scams and fraud over recent years in the UK."
On the wires
Visa, Mastercard to Pay $197 Million to Settle Consumer ATM Fee Lawsuit
Reuters
"Visa and Mastercard have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high."
May 17, 2024
On the web
Worldline Partners With Visa to Launch Virtual Card Issuing Solution for Online Travel Agencies
Worldline
Worldline announced a strategic partnership with Visa to launch a new virtual card issuing solution. The project will focus on the Online Travel Agency market due to a high demand for this solution and Worldline’s strong heritage and portfolio in travel.
On the wires
Dwolla and Visa Enhance Pay by Bank Experience for Enterprise Businesses
PR Newswire
"Dwolla announced its strategic collaboration with Visa, a world leader in digital payments, to bring advanced account verification capabilities to Dwolla's A2A solution."
May 16, 2024
Top Post
Visa Reinvents the Card, Unveils New Products for Digital Age
Visa
"At the annual Visa Payments Forum, Visa unveiled new products and services that address the needs of businesses, merchants and consumers and the financial institutions that serve them: Visa Flexible Credential, Tap to Everything, Visa Payment Passkey Service, Pay by Bank, Visa Protect for A2A Payments, and Data Tokens."
May 14, 2024
On the web
Worldline & Visa Team up to Launch Virtual Card Issuing Solution
IBS Intelligence
"Worldline has signed a strategic partnership with Visa to launch a new virtual card-issuing solution. This collaboration propels Worldline beyond payment processing and into direct card issuance."
May 7, 2024
Top Post
Visa Announces Generative AI-Powered Fraud Solution to Combat Account Attacks
Business Wire
"Visa announced updates to its Visa Account Attack Intelligence (VAAI) offering with the addition of the VAAI Score, a new tool that uses generative AI components to identify and score enumeration attacks."
May 6, 2024
Top Post
Visa Inc. and J.P. Morgan Payments Forge Strategic Collaboration to Revolutionize Faster Money Movement in the US through Visa Direct
Visa
"Visa Inc. and J.P. Morgan Payments announced a strategic collaboration that aims to enhance merchant experiences, empower cardholders, and drive innovation for J.P. Morgan Payments’ customers, with the introduction of faster domestic payments in the US, through the Visa Direct network."
April 26, 2024
On the web
Visa Joins AWS Partner Network to Help Simplify Global Digital Payments
Visa
"Visa announced it has joined the AWS Partner Network (APN), a global community that leverages AWS technologies, programs, expertise, and tools to build solutions and services for customers."
April 25, 2024
On the web
Visa Joins the Amazon Partner Network As Fintechs Turn to the Cloud for Payments Acceptance
Digital Transactions
"Visa Inc. said early Thursday it has joined a network of service providers maintained by Amazon.com Inc. The e-commerce giant’s AWS Partner Network will enable Visa to reach new clients for its payment services, particularly fintechs and independent software vendors (ISVs) accustomed to operating through cloud computing, Visa said."
April 17, 2024
On the web
Visa Reimagines Payment Acceptance for the ‘Click-and-Mortar' Era
Visa
"Visa is offering sellers expansive, simplified services to keep pace with demands. Visa’s latest enhancements support merchants of all sizes with new and improved commerce experiences including: Improved access to and ease of integration with partners; A reimagined small and medium-sized (SMB) business platform; Growing mobile acceptance, without additional hardware."
April 4, 2024
On the wires
Skipify and Visa Partner to Extend Reach and Capabilities of Skipify's Connected Wallet
PR Newswire
Skipify announced its partnership with Visa through the Visa Digital Commerce Program. Through this effort, Skipify aims to reinvent the way consumers transact, leveraging cutting-edge technologies to simplify and accelerate the payment process.
April 3, 2024
On the web
Visa Brings Convenience and Control to Booming Subscription Economy
visa
"Subscription Manager is the newest addition to Visa's Digital Enablement product suite, a comprehensive set of tools and flexible solutions aimed to help issuers offer better digital experiences for their cardholders."
April 2, 2024
Top Post
Interoperability: Unlocking the Future of Cross-Platform Payments
Visa
"Visa+ is now live with PayPal, Venmo and DailyPay in the U.S. Astra, Brightwell, Cross River Bank, Current, Fiserv, i2c and Tabapay will expand Visa+ to new use cases."
March 28, 2024
Top Post
US Banks to See Modest Hit From Deal to Lower Swipe Fee by Visa, Mastercard
Reuters
"U.S. banks could see a modest hit to their earnings due to the $30 billion settlement to limit credit and debit card fees for merchants by payments networks Visa and Mastercard Wall Street analysts said."
On the web
For the First Time in 25 Years Merchants Have Identified Refund/Policy Abuse and First-Party Misuse as the Leading Threats, Surpassing Phishing in North America and Europe
Merchant Risk Council
"The Merchant Risk Council (MRC) today announced the release of their 2024 Global eCommerce Payments and Fraud Report in partnership with Visa Acceptance Solutions and Verifi."
March 27, 2024
On the web
Visa’s Growing Services Business Infused with New AI-Powered Products
Visa
"Visa announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of the end-to-end Visa Protect suite, are designed to reduce fraud across immediate account-to-account and card not present (CNP) payments, as well as transactions both on and off Visa’s network."
Visa, Mastercard Agree to Lower Swipe Fees, Settling Long-Running Lawsuit
Wall Street Journal
"Visa and Mastercard and the largest U.S. credit-card issuing banks have agreed to a settlement with merchants that have been suing them for nearly two decades over the fees they charge for swiping credit cards. [Subscription Required]"
March 26, 2024
Top Post
Visa Agrees to Landmark Settlement with U.S. Merchants Reducing Rates and Guaranteeing No Increases for at Least Five Years
Visa
"Visa announced it has agreed to a landmark settlement with U.S. merchants, more than 90 percent of which are small businesses, lowering credit interchange rates and capping those rates into 2030. The settlement also provides updates to several key network rules giving merchants more choice in how they accept digital payments."
On the wires
Visa Tokens Bring USD2 Billion Uplift to Digital Commerce in Asia Pacific
PR Newswire
"Asia Pacific's digital economy experienced an uplift of more than USD2 billion in 2023 as a result of Visa Token Service (VTS) adoption, Visa announced."
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