Payments News

On The Web

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Companies

Eye on ATMs: Visa Will Lift Dynamic Currency Conversion Restriction at ATMs, Euronet Says; New PAI Leadership

“In what may be a boon for ATMs, Visa Inc. will allow dynamic currency conversion for consumers using international ATMs beginning April 13, 2019, says Euronet Worldwide Inc. The Leawood, Kan.-based processor, which operates more than 41,000 ATMs globally, says the rule change enables acquirers and ATM operators to offer the conversion service, which can convert the […]
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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

PayThink Visa’s outage shows the value of modern quality assurance

“Even as the payments landscape has become increasingly complicated and convoluted over the past several years, many industry players have not kept pace with their payments testing methods or tools. Too many payment providers still rely on dated, decaying and disjointed systems for monitoring, testing and maintaining their payment channels.”
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Companies

Visa, Mastercard Reach $6.2 Billion Settlement on Swipe Fees

“Visa Inc. and Mastercard Inc. agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an antitrust case. The total is in line with sums the two companies previously set aside to cover the costs of the litigation, including $5.3 billion already […]

On The Wires

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Companies

Paidy Announces Strategic Investment from Visa

“Today, Paidy Inc. (“Paidy”), an instantly-issued post-pay credit provider, announced an investment from Visa (NYSE:V) as part of the company’s Series C funding. Paidy is Japan’s first instantly-issued post-pay credit service for ecommerce consumers. In addition, the two companies are partnering on new digital payment experiences that will give Japanese consumers more options when buying […]
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Companies

Visa Readies B2B Connect for Market

“Visa Inc. (NYSE:V) today announced new product details surrounding digital identity in preparation for a first quarter 2019 launch of Visa B2B Connect. This one-of-a-kind distributed ledger-based platform is designed to give financial institutions a simple, fast and secure way to process cross border business-to-business payments globally.”
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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 Makes Strategic Investment in Conductor to Accelerate Adoption of Digital Payments in Brazil

“Visa (NYSE: V) today announced a strategic minority investment in Conductor, a leading digital payments processing technology platform in Brazil, to help accelerate innovation in payments and enable Conductor’s product expansion. The investment reinforces the existing partnership between Visa and Conductor, as well as the companies’ shared vision for driving adoption of digital payments across […]
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Companies

Visa Brings a Simpler, Safer Experience to Digital Payments

“The draft EMV SRC Specification provides a foundation for digital transactions that gives consumers, merchants and issuers a single digital point-of-sale, resulting in a consistent, convenient and secure way to pay. EMVCo has spent the last year gathering feedback from across the payment ecosystem on the specification. Visa now encourages merchants, issuers, acquirer gateways and […]