Visa, the payments company, announced Tuesday (Oct. 23) that it continues to support the draft of the EMV Secure Remote Commerce (SRC) specifications. In a press release, Visa said the draft EMV SRC specification provides a foundation for digital transactions that gives consumers, merchants and...
Visa has announced new product details in anticipation of the first quarter 2019 launch of its new cross-border B2B payments solution B2B Connect. “With B2B Connect, we’re developing a new way for businesses to make cross-border, high-value payments — fixing broken processes and breaking down...
Visa has released a bulletin revealing that many programs marketed as “cash discount” are non-compliant with the payment company’s rules. The company explained that its discount offer rule prohibits programs that encourage merchants to add a fee on top of the normal price of the...
Visa has announced that it is partnering with the International Olympic Committee (IOC) and the International Paralympic Committee (IPC) to offer enhanced payment technology for fans of the Olympics and Paralympics. Through its global network of 11 Innovation Centers, Visa will utilize its experience in...
To allow ATM operators and acquirers to use Dynamic Currency Conversion (DCC) around the world, Visa is growing its Visa/Plus ATM services and updating its rules. The changes will become effective in mid-April of next year, Vending Times reported. Through DCC, which is an optional offering, an...
Contactless cards have been a big hit around the world. In the U.K., the European Union (EU) and Canada, contactless payments account for two out of five face-to-face Visa transactions, according to newly released data. And that penetration happened fairly fast — many markets saw contactless usage go from single digits...
Sixty years ago today (Sept. 18), a San Francisco startup launched by sending roughly 60,000 credit cards to consumers living in northern California. This startup was a bank, and its innovation was a single card that could be used by consumers to purchase things on...
Visa announced the launch of The Visa Back to Business Project, which allows U.S. consumers to support small businesses (SMBs) affected by federally declared natural disasters. Data shows that after a natural disaster, 96 percent of small businesses experience revenue losses, with 35 percent getting hit...
Data released by Visa on Wednesday (Aug. 29) showed that counterfeit fraud ticked down at U.S. merchants by 75 percent from September 2015 to March 2018 as more storefronts started accepting chip cards. To that end, Visa said that, as of its latest “Visa Chip...
