Payments News

On The Web

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Companies

Visa Stalls Plans to Raise Fees for Some In-Store Retailers

“Visa Inc. is delaying plans to raise the swipe fees paid by certain U.S. merchants each time a customer uses a credit card in-store as the coronavirus pandemic continues to crimp commerce across the country. The network told merchants this month it will leave consumer credit card-present retail rates unchanged, citing the pandemic’s effects on […]
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Companies

Federal Lawsuit Points to Payments’ Future

“The Justice Department’s lawsuit against Visa isn’t just relevant reading for Visa investors, but for investors across the payments sector. At the heart of the suit is the future of payments in the U.S. Among the government’s allegations is that Visa saw a potential pay-by-bank offering from Plaid as a competitive threat to debit cards, […]
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Companies

Visa’s Planned Purchase of Plaid Faces Antitrust Scrutiny at the Justice Department

“Visa Inc.’s $5.3 billion deal to buy a key player in the financial-technology space is in jeopardy because of antitrust concerns, according to people familiar with the matter. The Justice Department could decide soon whether it will sue to block Visa’s acquisition of Plaid Inc., a firm that provides the technological infrastructure underpinning an array […]
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Companies

Mastercard and Visa Seek to Get the Most out Of the Digital-Payments Boom

“The greatest accolade a payment system can aspire to is to be forgotten about. “People don’t want to make payments,” says Diana Layfield, an executive on Google’s payments team. “They want to do what a payment facilitates.” The industry’s biggest battles therefore often happen in the shadows. The latest struggle, which sees card networks, tech firms […]
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On The Wires

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Companies

Keyno, Michigan State University Federal Credit Union, and Visa Launch Pilot Program Offering New Approach to Online Payment Security

“With e-commerce increasing sharply in the midst of the COVID-19 pandemic, a less positive trend has followed – an increase in fraud related to online and in-app purchases. Keyno, maker of CVVkey™ technology that uses dynamic card verification value 2 (CVV2) code technology, today announced a pilot program with Michigan State University Federal Credit Union […]
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Companies

Visa Fintech Partner Connect launches in Europe to enable next generation of digital payment experiences

“Visa today announced the launch of Visa Fintech Partner Connect, a new initiative that will provide financial institutions and merchants in Europe with a suite of enhanced capabilities combining Visa’s own capabilities with those of carefully selected fintech partners. Fintech Partner Connect will help Visa’s clients meet their customers’ demand for new digital payment experiences […]
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Companies

500 million additional touch-free Visa payments as European contactless limits increase

“Visa announced that it has processed more than half a billion additional touch-free payments, where previously consumers would have needed to use a PIN pad, since contactless limits were increased in more than 29 countries across Europe. COVID-19 has transformed contactless payment from a nice-to-have to a must-have. The ability to pay digitally in-stores is […]
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Companies

Visa Tap to Phone Transforms Payment Acceptance for Sellers Worldwide

“As the world increasingly turns to digital payments amidst COVID-19, a simple mobile app can help millions of sellers worldwide quickly and securely accept contactless payments, while improving the checkout experience for customers. After piloting Visa Tap to Phone over the past year, Visa (NYSE:V) today announced product availability in more than 15 markets with […]