On The Web

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Companies

Mastercard and Visa Seek to Get the Most out Of the Digital-Payments Boom

October 2 2020

• in
• Mastercard
• Visa

“The greatest accolade a payment system can aspire to is to be forgotten about. “People don’t want to make payments,” says Diana Layfield, an executive on Google’s payments team. “They want to do what a payment facilitates.” The industry’s biggest battles therefore often happen in the shadows. The latest struggle, which sees card networks, tech firms […]

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Companies

European Commission Opens Preliminary Investigation Into Visa’s Staged Digital Wallet Rules

September 9 2020

• in
• Visa

“The European Commission has opened a preliminary investigation into Visa’s rules regarding staged digital wallets, the payments network has revealed in a note added to its latest quarterly filing … The European Commission’s move follows criticism over fees and concerns about safeguarding against fraud and money laundering, The Times reports.”

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Companies

Checkbook Joins Visa’s Fintech Fast Track Program

September 3 2020

• in
• Fintech
• Visa

“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 […]

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Companies

Norwegian Fintech Vipps in Payments Deal with Visa

September 3 2020

• in
• 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

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Companies

500 million additional touch-free Visa payments as European contactless limits increase

October 23 2020

• in
• Contactless
• Visa

“Visa announced that it has processed more than half a billion additional touch-free payments, where previously consumers would have needed to use a PIN pad, since contactless limits were increased in more than 29 countries across Europe. COVID-19 has transformed contactless payment from a nice-to-have to a must-have. The ability to pay digitally in-stores is […]

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Companies

Visa Tap to Phone Transforms Payment Acceptance for Sellers Worldwide

October 21 2020

• in
• Contactless
• Visa

“As the world increasingly turns to digital payments amidst COVID-19, a simple mobile app can help millions of sellers worldwide quickly and securely accept contactless payments, while improving the checkout experience for customers. After piloting Visa Tap to Phone over the past year, Visa (NYSE:V) today announced product availability in more than 15 markets with […]

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Companies

Visa Harnesses Real-Time Deep Learning to Enhance Transaction Processing

August 26 2020

• in
• AI
• Visa

“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 […]

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Companies

Deal between Visa and Plaid given the go-ahead

August 25 2020

• in
• UK
• Visa

“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 […]

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Companies

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

August 24 2020

• in
• POS
• Visa

“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 […]

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Companies

The UnRefundables: Shoppers left out of pocket post-pandemic

August 14 2020

• in
• Visa

“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 […]