In a world where the average consumer has more computing power in their pocket than the Apollo 11 spacecraft, it’s no surprise that the financial landscape is undergoing a seismic shift. That shift is rapidly progressing past innovations in contactless payments or mobile banking. A...
Visa has released a product to help financial institutions issue fiat-backed tokens on blockchain networks. The Visa Tokenized Asset Platform (VTAP), the company announced Thursday (Oct. 3), is available on Visa’s development platform to allow its banking partners “to create and experiment with their own...
Visa is facing a class action lawsuit from merchants connected to its debit network. The suit accused Visa of anticompetitive behavior related to its debit card network, and was filed in federal court Tuesday (Oct. 1). It comes a little more than a week after...
Visa-owned open banking platform Tink wants to give consumers a better view of transactions. The company on Tuesday (Oct. 1) launched “Merchant Information,” a solution that provides users with a more detailed view of banking transactions, showing them things like a clear brand name, logo,...
After listening to and scrolling through days of “expert” commentary about the lawsuit filed by the DOJ against Visa over debit interchange, I feel compelled to weigh in. Big headlines about big companies — especially concerning DOJ allegations of anticompetitive behaviors and lawsuits to signal...
Visa disclosed Thursday (Sept. 26) that it authorized the deposit of $1.5 billion into the litigation escrow account previously established under its U.S. retrospective responsibility plan. The company made this move Wednesday (Sept. 25), it said in a filing with the Securities and Exchange Commission (SEC). “Under the...
For decades, different payment cards existed to serve different purposes: Credit cards have offered the option to pay in full or revolve and pay the minimum balance, and rewards and loyalty programs have varied wildly. Debit cards provide access to funds on hand. We’ve seen...
Visa has unveiled new features and programs designed to help merchants manage the disputes process. These new offerings will enable merchants to streamline the process and retain or recover legitimate sales, Visa said in a Tuesday (Sept. 24) press release emailed to PYMNTS. “Visa’s innovative...
Visa is working with firms like Paytm and PayU to promote digital payments usage in India. The company unveiled the products and solutions at the center of these partnerships during the Global Fintech Fest 2024, Visa said in a Saturday (Aug. 31) news release. “These...
