19 Oct 20 @ 03:07

Visa and Mastercard recently reported quarterly results. In its fiscal third-quarter earnings, Visa said that revenue expectations had been hit, but the COVID-19 crisis continues to drive mixed spending trends,... read more

15 Jun 20 @ 04:35

It’s been reported that Visa has filed an application to create digital currency on Ethereum blockchain with the United States Patent and Trademark Office. According to the application published May... read more

06 Apr 20 @ 12:23

Visa is planning a complete overhaul of the interchange fees that merchants pay to accept its cards, hoping more people will abandon cheques, and adjusting its fees for new businesses... read more

13 Feb 20 @ 06:55

Visa says that participants in Visa Token Service (VTS) are estimated to process a combined e-commerce volume of $1 trillion, marking a significant opportunity in its efforts to make digital... read more

18 Dec 19 @ 15:10

Visa has announced it will acquire a “significant minority” stake in Nigerian payments platform Interswitch. Interswitch did not provide financial details in its statement but media reports indicate that Visa would... read more

18 Dec 19 @ 15:09

PayPal has beaten off competition from payments giants Visa and Mastercard to become the first foreign company to acquire a payments licence in China. PayPal obtained the license through the... read more

03 Jun 19 @ 15:05

Visa and Mastercard have offered to cut interchange fees on payments made by tourists using cards issued outside the European Union to limit fines and end an EU antitrust investigation.... read more

03 Jun 19 @ 14:50

Visa has introduced a new API platform, called Visa Next. The platform, with beta application programming interfaces (APIs) and development tools for issuers and processors, was launched to help build... read more

08 Apr 19 @ 14:33

The European Commission (EC) is considering implementing new regulations to support and accelerate the adoption of the TARGET Instant Payments Settlement System (TIPS) in an effort to challenge the dominance... read more

06 Feb 19 @ 05:28

Visa Inc is to pay £198 million to buy Earthport Plc, a British firm that facilitates international payments transactions for banks and businesses. Visa International Service Association, a unit of... read more

09 Aug 18 @ 14:39

Visa and Mastercard are reported to be close to settling a 13-year-old legal challenge over interchange fees, according to people familiar with the agreement. The two companies and banks including JPMorgan Chase, Citigroup... read more

09 Aug 18 @ 14:37

A “very rare partial failure” of a hardware switch caused a Visa Europe processing outage at the beginning of June. The disruption lasted ten hours and affected five million transactions,... read more

01 Jun 18 @ 10:07

An independent payments consultancy, CMSPI, has initiated a complaint with the European Commission over changes Visa is making to its fees, claiming the card scheme’s actions could cost SMEs  in... read more

01 Jun 18 @ 09:51

Visa says that Visa Checkout has surpassed one million enrolled accounts in the UK. Visa’s online payment method, which was launched in May 2017, enables consumers to pay securely in... read more

31 Jan 18 @ 14:39

Visa has announced a suite of sensory branding that will support card brand in an expanded universe of connected, payment-enabled devices. These new sound, animation and haptic (vibration) cues will help signify... read more

31 Jan 18 @ 14:23

Visa and Dynamics have unveiled the Dynamics Wallet Card, an Internet of Things (IoT) device that holds multiple payment cards and includes a digital display allowing for greater security, instant... read more

24 Nov 17 @ 14:15

Visa has announced the European launch of Visa Direct, a real-time payments platform that allows companies to leverage Visa’s global reach and scale to transform domestic and cross-border payments for... read more

24 Nov 17 @ 13:58

Visa and Billtrust have agreed a strategic partnership to simplify B2B virtual card acceptance. The tie-up is designed to help streamline the reconciliation of B2B payments and increase automation of... read more

12 Oct 17 @ 09:52

UnionPay has consolidated its position as the largest card scheme worldwide with more than six billion cards in circulation at the end of 2016, according to recent RBR figures. UnionPay... read more

11 Oct 17 @ 14:34

PayPal has signed a deal with Visa that allows it to issue Visa-branded debit cards in Europe, as the company moves further into traditional retail banking territory. The two companies... read more