Visa’s fiscal first-quarter results showed an acceleration of cross-border volumes, while contactless payments continued to gain ground in the U.S. and beyond. Headline results showed earnings per share of $1.46, which missed consensus by a penny. Net revenues of $6.05 billion were up 10 percent...
Commerce Bank will strive to provide timely and convenient payments with its new partnership with Progressive Insurance in what they tout as a “truly strategic combination.” According to an emailed press release, the new program will be called CommercePayments PreferPay. It will focus on providing...
Futureproofing is the process of creating systems and processes resilient enough to hold their value in the face of an unknown future. It’s also about creating a mindset and a corporate culture where everyone is responsible for weighing risks against future opportunities. It’s one of...
Visa has announced that it is sponsoring athletes from the Olympic and Paralympic Games and teaching them about financial literacy for when their athletic careers come to an end, according to a report by CNBC. The summer games in Tokyo are just a few months...
Visa is buying Plaid — the startup that develops APIs for financial services — for $5.3 billion. By helping to bridge the gap between apps and consumers, Plaid brings new fund flows and payment integration capabilities to Visa. The payments giant sees opportunity to bolster...
It wasn’t long ago that the measure of a car or truck revolved around such things as the punch and pull of the engine, the smoothness of the transmission, perhaps even the thump of the stereo system. Those days are not exactly gone (those types...
When Sabre and Visa announced a new partnership in April to pair Visa virtual commercial cards with the Sabre Virtual Payments gateway, the goals were fairly big: create a virtual B2B travel payments solution that was faster, more secure and more transparent for buyers and suppliers....
Visa is teaming up with TD Bank to introduce a new solution to ease money transfers between Canadian and U.S. accounts, Visa announced Monday (Dec. 23). Powered by Visa Direct, the latest solution — TD Bank (US) to TD (Canada) Transfer — enables real-time transfers...
When Visa, Chase, New York’s Metropolitan Transportation Authority (MTA), and other industry leaders co-launched a contactless payments pilot seven months ago, they started small, and with modest goals. This “public pilot” made contactless payments available on a few train lines, and only at 16 stations,...
