Payments News

On The Web

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Companies

Alacriti Announced Push-to-Card Solution that Enables Businesses to Disburse Funds Directly to their Eligible Debit Cards—in Real Time—Enabled by Visa Direct, Visa’s Real-Time Money Movement Network.

“Alacriti, a fintech company specializing in payments and money movement, today announced its new, fast push-to-card solution that enables businesses to disburse funds directly to their eligible debit cards—in real time—enabled by Visa Direct, Visa’s real-time money movement network. Orbipay Push-to-Card enables businesses to deliver faster payout experiences and helps drive customer satisfaction. Consumers don’t […]
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Companies

Paysafe Extends Collaboration with Visa to Offer Real-Time Customer Payouts

“Paysafe announced the extension of its collaboration with Visa to integrate Visa Direct, Visa’s real-time push payments platform.  Paysafe will offer Visa Direct to merchants, exchanges, operators and other online businesses in the UK and Europe in industries like Paysafe will offer Visa Direct to merchants, exchanges, operators and other online businesses in the UK […]
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Companies

Visa Expects to Make Up Lost Russia Revenue Within a Year

“Visa Inc. has lost about 4% of the revenue booked during its most recent fiscal year by pulling out of Russia, but the impact is unlikely to be noticeable within a year thanks to the company’s global sales growth, its finance chief said. The San Francisco-based payments giant’s exit from Russia due to its invasion of […]
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Companies

Visa to Cut Consumer Credit Fees for U.S. Small Businesses by 10% – Document

“Visa Inc (V.N) will lower consumer credit interchange rates for small businesses in the United States by 10%, effective next month, to help merchants recovering from the COVID-19 pandemic, according to a document seen by Reuters on Thursday. Visa, the world’s largest payment processor, is reducing interchange rates for both online and in-person consumer credit […]
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Companies

Visa Denied Appeal In UK Tribunal Loss Over Card Swipe Fees

“Visa has failed to persuade a British tribunal to reconsider its decision last fall that the card issuer’s swipe fees charged to merchants amount to a concerted practice under European and national competition law. The credit card giant had asked the Competition Appeal Tribunal to allow it to amend an earlier defense against the claims […]
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Companies

How a Financial Giant Is Quietly—and Dramatically—Reinventing Itself

“Visa is a company built on economic inclusion. Think debit cards, which Visa debuted in 1975. They provide easy payment access to individuals who don’t have access to credit. And for most of its 60-year-plus history, Visa has been synonymous with cards. However, in recent years the world has seen the company quietly—and dramatically—reinvent itself.”

On The Wires

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Companies

Peach Selected as Visa Ready for BNPL Launch Partner

“Peach Finance, a modern and configurable lending technology platform that helps lenders build, launch and scale new lending products, today announced that it has been selected as a launch partner for the Visa Ready for BNPL Program. As part of the program, Peach will help Visa clients power BNPL programs. Peach’s platform is designed to […]
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Companies

Visa Launches Program to Help Minority Depository Institutions Drive Economic Mobility

“Visa (NYSE: V), a leading global payments technology company, announced today the launch of Visa Minority Depository Institutions Accelerate, a new program to help reduce economic disparities and expand access and opportunity in communities of color across the United States. Through this multi-year program, Visa will invest up to $100 million via deposits with MDIs […]
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Companies

Pagaya and Visa Announce Strategic Relationship to Enable Visa’s Merchant and Issuing Bank Partners to Expand Access to Credit

“Pagaya , a global technology company building artificial intelligence infrastructure for the financial ecosystem, and Visa, a world leader in digital payments, facilitating more than 160 billion payments transactions worldwide, announced a strategic relationship that will enable Visa’s expansive network of merchant partners and issuing co-brand financial institutions to leverage Pagaya’s technology to expand customers’ […]
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Companies

Visa Introduces Crypto Advisory Services to Help Partners Navigate a New Era of Money Movement

“Visa (NYSE: V), the world’s leader in digital payments, today announced the launch of Visa’s Global Crypto Advisory Practice, an offering within Visa Consulting & Analytics (VCA) designed to help clients and partners advance their own crypto journey. This comes at a moment when digital currencies are taking greater hold in the popular consciousness – according to research […]