Payments News

On The Web

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Companies

Visa Eyes More Contactless Cards And More Volume From Visa Direct

“Visa on Wednesday reported a respectable first quarter of fiscal 2019, according to its chief executive, despite the beginning of the U.S. federal-government shutdown, Brexit worries in Europe, and weakening cross-border payment growth. Worldwide payment volume totaled $2.2 trillion, up 10.7% year-over-year on a constant-currency basis. In the U.S., quarterly payment volume grew 10.6% to $980 billion […]
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Companies

Visa Invests in India-based B2B Payments Platform PayMate’s $25M Round

“PayMate, a Mumbai-based startup that helps businesses automate and digitize their payments, is raising $25 million in a new round, its founder said, as it looks to expand its presence within India and in international markets. In an interview with TechCrunch, Ajay Adiseshann, founder and CEO of PayMate, said the startup has already raised a substantial […]
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Companies

Visa Transaction Volumes Hurt As Coronavirus Crisis Deepens

“Visa Inc ( V.N ) said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter. “As countries have imposed social distancing, shelter-in-place or total lock-down orders, domestic spending, most notably in travel, restaurants, entertainment and […]

On The Wires

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Companies

Visa Strengthens Commitment to Growing Digital Payments in India

“Visa (NYSE: V) today announced a minority investment in BillDesk, a leading platform for online payments and bill payments in India. Visa’s investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses and also expand its footprint into other geographies.”
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Companies

Visa Sets Sights on a “Cashless Japan” With One Year to Go to the Olympic Games Tokyo 2020

“With one year to go until the Olympic Games Tokyo 2020, Visa, the Worldwide Payment Technology Partner of the Olympic Games, is preparing innovative payment experiences for athletes, visitors and citizens in support of the government’s “Cashless Japan” imperative to double the total of payments made digitally to 40 percent by 2025. With the Olympic Games Tokyo […]
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Companies

Visa Launches New Infinite Business Card Portfolio for SMBs

“In support of growing small businesses (SMBs) across the globe, Visa (NYSE:V) today announced Visa Infinite Business, the expansion of its business card product suite in the United States. Complementing Visa’s Signature Business and Business card products, Visa Infinite Business will provide high-spend SMBs in the U.S. with a rich set of protection, travel and […]
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Companies

Visa’s Fintech Fast Track Program Goes Global With Launch in U.S.

“Visa today announced the expansion of its popular Fast Track program to the United States in conjunction with a large and growing network of partners.  Fast Track aims to speed up the process of integrating with Visa, to allow nimble start-ups the ability to more easily leverage the reach, capabilities, and security VisaNet, the company’s […]
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Companies

Visa to Acquire Verifi

“Visa today announced it has signed a definitive agreement to acquire Verifi, a leader in technology solutions that reduce chargebacks. The combination of Verifi’s best-in-class dispute resolution tools with Visa’s suite of risk and fraud management solutions will give buyers and sellers intelligent, data-driven tools that foster collaboration, build trust, and improve the overall customer […]