Visa has rolled out internal data that indicates its artificial intelligence (AI)-based Advanced Authorization (VAA) security product has helped issuers prevent an estimated $25 billion in annual fraud. VAA is a risk management tool that monitors and evaluates transactions over VisaNet in real time to...
Almost two years in the making, Visa B2B Connect makes its official launch, with a rollout across 30 countries. Kevin Phalen, head of Global Business Solutions at Visa, tells Karen Webster that it uses DLT to underpin a network, built from the ground up, that brings...
A few weeks ago, card giant Visa debuted Visa Next, bringing a wealth of broad API functionality to issuing banks and partners. Sam Shrauger, SVP of digital solutions at Visa, walks Karen Webster through the roadmap of use cases and what’s next for Visa Next.
The Land Transport Authority of Singapore now includes Visa cards in SimplyGo, its contactless payment system. According to a report in ZDNet, Visa said the project with Singapore’s Land Transportation Authority is one of its biggest rollouts of contactless payments, with 30,000 acceptance points. With...
Today (June 5), Visa and Western Union struck a strategic agreement to move money between consumers focused on expedited remittances. Bill Sheley, global head of push payments at Visa, tells Karen Webster how Western Union’s implementation of Visa Direct speeds Western Union’s goal to make...
Visa and Natixis Payments have launched Xpollens, a complete white label “Payments in a Box” service for retailers, corporations and Fintechs. Xpollens helps organizations integrate the whole range of payment services, from cards to instant payments, according to a press release. “Xpollens removes the complexity...
To let businesses quickly deploy digital payment services, a consortium of major companies is rolling out a new financial innovation platform called b.yond. Global Processing Services, Pannovate, Cornercard, MeaWallet, Modulr, AllPay and W2 Global are founding partners of the consortium in collaboration with Visa, according...
There’s a need for speed in payments, supposedly — but how much speed is enough? Bloomberg reported on Wednesday (May 29) that Visa CEO Alfred Kelly seemed unfazed by the move of several stakeholders in financial systems around the world — including banks and governments...
Marvin Minsky, cognitive scientist and co-founder of MIT’s AI lab, said decades ago that computers can only do what we tell them to do. Scott Boding, vice president of risk solutions product management for Visa’s CyberSource, tells Karen Webster why AI’s potential may be misunderstood...
