Payments News

On The Web

nbsp; nbsp;

Companies

Checkbook Joins Visa’s Fintech Fast Track Program

“Checkbook.io , an end-to-end online payments processor, today announced that it has joined Visa’s Fintech Fast Track program, speeding up the process of integrating with the Visa network, and allowing Checkbook to easily leverage the reach, capabilities and security that VisaNet, Visa’s global payments network, offers. Through Fast Track, Checkbook is taking real-time payments to […]
nbsp;

Companies

Norwegian Fintech Vipps in Payments Deal with Visa

“Norwegian fintech company Vipps, said on Thursday it had struck a deal with global payments giant Visa ( V.N ) to expand in Europe. “The partnership between Visa and Vipps will give banks and card issuers access to a mobile wallet that is easy to use and which will contribute to an increased adoption of […]

On The Wires

nbsp;

Companies

Visa Harnesses Real-Time Deep Learning to Enhance Transaction Processing

“Visa Inc. today announced Visa Smarter Stand-in Processing (Smarter STIP), a new capability that uses real-time artificial intelligence (AI) to help financial institutions manage transaction authorizations when service disruptions occur. Using deep learning to analyze past transactions, Smarter STIP generates informed decisions to approve or decline transactions on behalf of issuers in the event that […]
nbsp;

Companies

Deal between Visa and Plaid given the go-ahead

“The decision by the Competition and Markets Authority (CMA) follows a Phase 1 review in which it investigated several possible ways the deal could harm competition…The CMA’s investigation primarily focused on how the deal could affect competition in the UK consumer-to-business electronic payments sector in which Visa, through its card-based payments and Plaid, through its […]
nbsp;

Companies

Visa Invests in MagicCube’s Contactless SoftPOS & PIN Platform and Its Differentiating Software Defined Trust (SDT)

“MagicCube , the creator of the world’s only Software Trusted Execution Environment platform, today announced a strategic investment from Visa. Visa, which previously invested in the company, is renewing its support for MagicCube with this latest financing as the company continues to gain momentum in global partnerships and customers to bring its virtual TEE-based platform […]
nbsp;

Companies

The UnRefundables: Shoppers left out of pocket post-pandemic

“New consumer research  commissioned by Visa has revealed a sharp increase in people unable to access returns or refunds for items bought during lockdown, with one in ten (11%) of those who requested money back still waiting for, or denied access, to a refund or voucher – a 215% increase from pre-pandemic times . These […]
nbsp;

Companies

Nacha Adds Visa to Phixius Pilot Program

“Nacha today announced that Visa joined a growing list of partners piloting Phixius – a payment-information exchange platform that helps credentialed service providers share and manage electronic payments information, making pre and post payments processing more efficient and secure than current processes.”
nbsp;

Companies

Global Visa Study Finds 67% of Small Businesses and 78% of Consumers Have Adopted New Behaviors to Adjust to COVID-19

“As small and micro businesses (SMBs) worldwide continue to endure the financial impact of COVID-19, one thing is clear: rethinking the checkout or point-of-sale (POS) experience is essential for survival on Main Street. Visa today released the Visa Back to Business study assessing this dramatic shift to digital commerce in response to the pandemic, driven […]
nbsp;

Companies

Installments Convenient for Consumers Smart for Banks and Sellers

“Visa’s installment solutions are becoming a key element of Visa’s strategy to help our clients and partners give eligible consumers more flexibility to pay by simply using their existing Visa credit cards at checkout. Installments are attractive to sellers, with many seeing an increase in average ticket size and average conversion rate when installments are […]