Payments News

On The Web

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Companies

Visa Sees Recovery in U.S. Payments Volume in May

“Visa Inc’s total U.S. payments volume fell at a much slower pace in May from the previous month, indicating that consumer spending was picking up as the government starts to ease coronavirus-induced lockdowns. U.S. payments volume in May dropped to 5%, compared with an 18% fall in April. Quarter-to-date, Visa posted an 11% drop in […]
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Companies

Visa Applies For Digital Dollar Blockchain Patent

“The U.S. Patent and Trademark Office (USPTO) published today that Visa has filed a patent application to create digital currency on a centralized computer using blockchain technology. This patent applies to digital dollars as well as other central bank digital currencies such as pounds, yen, and euros and so the physical currency of a central […]
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Companies

Visa Completes Request to Pay Pilot Trials

“Visa has facilitated the first request to pay message sent and received using standards developed by Pay.UK. The messaging service enables billers to directly request funds rather than sending traditional invoices. For each request, receivers are asked whether they would like to pay in full or in part, request an extension, communicate directly with the […]

On The Wires

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Companies

GoodData Announces Strategic Partnership and Investment from Visa

“GoodData ®, a leading global analytics company, announced today an investment and strategic partnership with Visa Inc. (NYSE: V ), the world’s leader in digital payments. The investment further bolsters Visa’s commitment to providing access to aggregated data and analytics that help Visa clients and partners understand the impact and effectiveness of the critical decisions […]
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Companies

Visa Introduces Advanced Identity Score to Help Financial Institutions Prevent New Account Fraud

“Visa Inc. today announced a digital tool to help U.S. financial institutions with their efforts to combat new account fraud – estimated at $10 billion a year – and give consumers greater peace of mind. Advanced Identity Score combines Visa’s artificial intelligence and predictive machine learning capabilities with application and identity related data to generate […]
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Companies

Visa and TerraPay Partner to Drive Real-time Payments Interoperability

“TerraPay, a global payments infrastructure company, and Visa, have today announced a strategic partnership that aims to develop and deliver payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances. The TerraPay and Visa global partnership is aimed to develop and deliver solutions to drive repeat consumption of the mobile wallets and […]
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Companies

Visa Token Service Issues Its 1 Billionth Token

“Visa Inc. today announced that the company has now issued more than 1 billion tokens worldwide through Visa Token Service (VTS), marking a major milestone in its proprietary offering to help accelerate eCommerce innovation and make payments more secure. Visa Token Service replaces a cardholder’s 16-digit Visa account number with a secure token that protects […]
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