Payments News

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Companies

Visa Direct Preferred Partner Program is Now Globally Live

“Visa recently launched the Visa Direct Preferred Partner program, a global program designed to help partners of Visa’s real-time money movement network accelerate time to market. Through the program, Visa Direct Preferred Partners can access the tools and resources they need to help launch, sell, and grow their real-time payment solutions. The program is currently live […]
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Companies

Visa and Mastercard Price Hike as Brits Face New EU Shopping Fees

“Millions of Visa or Mastercard users have been issued a warning over new charges. British customers face new EU shopping fees after firms have increased so-called interchange fees for online credit and debit cards for UK to EU transactions. Fess have been increased from 0.2% to 1.15%for debit cards and from 0.3% to 1.5% for […]
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Companies

UK Lawmakers Tell Visa and Mastercard to Justify Fee Rises

“A committee in Britain’s parliament has told payment firms Visa and Mastercard to justify recent rises in their card transaction fees after the country’s payments regulator expressed concerns. The Payment Systems Regulator (PSR) told the Treasury Committee last week that the increases in card fees showed the market was “not working well”, according to correspondence […]
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Companies

Crypto Coming to Your Credit Card … Soon

“Cryptocurrencies are a volatile investment today, but card companies including Visa Inc. and Mastercard Inc. are betting crypto will one day be used routinely for everyday purchases from food to clothes to plane tickets—and they don’t want to be left behind when that happens. Consumers now can make payments with cryptocurrencies linked to Visa and Mastercard cards provided mainly by […]
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Companies

Visa: More Commuters on Board with Contactless Ways to Pay

“In cities across the globe, people are venturing out again after a more than two-year hiatus. Public transit has always been a vital part of how people get to work or school, run errands, and travel to leisure activities. But the pandemic has pushed many riders to challenge the status quo when it comes to […]
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Companies

Tackling Visa and Mastercard Fees Could Take Years, Says UK Regulator

“It could be years before card fees from global payments duo Mastercard and Visa can be capped again to cut costs for retailers and consumers, Britain’s payments regulator told lawmakers on Wednesday. Chris Hemsley, managing director of the Payment Systems Regulator, came under heavy pressure from parliament’s Treasury Select Committee to tackle card fees faster. […]
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Companies

Grubhub Teams Up with PayPal & Visa to Offer Drivers Faster & Easier Access to Payments

“Grubhub, a leading food ordering and delivery marketplace, today announced the launch of Instant Cashout via Direct to Debit, which drivers can use to immediately access their earnings. The new payout option, enabled by Hyperwallet from Paypal and Visa Direct1 – Visa’s real-time2 money movement network – offers more flexible access to earnings by allowing any […]