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Companies

Paysafe Extends Collaboration with Visa to Offer Real-Time Customer Payouts

May 3 2022

“Paysafe announced the extension of its collaboration with Visa to integrate Visa Direct, Visa’s real-time push payments platform.  Paysafe will offer Visa Direct to merchants, exchanges, operators and other online businesses in the UK and Europe in industries like Paysafe will offer Visa Direct to merchants, exchanges, operators and other online businesses in the UK […]
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Companies

Visa Expects to Make Up Lost Russia Revenue Within a Year

April 11 2022

“Visa Inc. has lost about 4% of the revenue booked during its most recent fiscal year by pulling out of Russia, but the impact is unlikely to be noticeable within a year thanks to the company’s global sales growth, its finance chief said. The San Francisco-based payments giant’s exit from Russia due to its invasion of […]
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Companies

Visa to Cut Consumer Credit Fees for U.S. Small Businesses by 10% – Document

March 4 2022

“Visa Inc (V.N) will lower consumer credit interchange rates for small businesses in the United States by 10%, effective next month, to help merchants recovering from the COVID-19 pandemic, according to a document seen by Reuters on Thursday. Visa, the world’s largest payment processor, is reducing interchange rates for both online and in-person consumer credit […]
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Companies

Visa Denied Appeal In UK Tribunal Loss Over Card Swipe Fees

February 7 2022

“Visa has failed to persuade a British tribunal to reconsider its decision last fall that the card issuer’s swipe fees charged to merchants amount to a concerted practice under European and national competition law. The credit card giant had asked the Competition Appeal Tribunal to allow it to amend an earlier defense against the claims […]
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Companies

How a Financial Giant Is Quietly—and Dramatically—Reinventing Itself

December 20 2021

“Visa is a company built on economic inclusion. Think debit cards, which Visa debuted in 1975. They provide easy payment access to individuals who don’t have access to credit. And for most of its 60-year-plus history, Visa has been synonymous with cards. However, in recent years the world has seen the company quietly—and dramatically—reinvent itself.”
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Companies

EXCLUSIVE Visa Complains to U.S. Govt About India Backing for Local Rival RuPay

November 29 2021

“Visa Inc (V.N) has complained to the U.S. government that India’s “informal and formal” promotion of domestic payments rival RuPay hurts the U.S. giant in a key market, memos seen by Reuters show. In public Visa has downplayed concerns about the rise of RuPay, which has been supported by public lobbying from Prime Minister Narendra […]
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On The Wires

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Companies

Visa Launches Program to Help Minority Depository Institutions Drive Economic Mobility

February 23 2022

“Visa (NYSE: V), a leading global payments technology company, announced today the launch of Visa Minority Depository Institutions Accelerate, a new program to help reduce economic disparities and expand access and opportunity in communities of color across the United States. Through this multi-year program, Visa will invest up to $100 million via deposits with MDIs […]
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Companies

Pagaya and Visa Announce Strategic Relationship to Enable Visa’s Merchant and Issuing Bank Partners to Expand Access to Credit

January 25 2022

“Pagaya , a global technology company building artificial intelligence infrastructure for the financial ecosystem, and Visa, a world leader in digital payments, facilitating more than 160 billion payments transactions worldwide, announced a strategic relationship that will enable Visa’s expansive network of merchant partners and issuing co-brand financial institutions to leverage Pagaya’s technology to expand customers’ […]
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Companies

Visa Introduces Crypto Advisory Services to Help Partners Navigate a New Era of Money Movement

December 8 2021

“Visa (NYSE: V), the world’s leader in digital payments, today announced the launch of Visa’s Global Crypto Advisory Practice, an offering within Visa Consulting & Analytics (VCA) designed to help clients and partners advance their own crypto journey. This comes at a moment when digital currencies are taking greater hold in the popular consciousness – according to research […]