Expanding its footprint in fashion, Visa has announced its renewed sponsorship of New York Fashion Week: The Shows (NYFW) as its official payment technology partner. The company is leveraging NYFW as an opportunity to expand its efforts in supporting and empowering women who are moving the fashion industry forward...
Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent. “Chip cards are increasingly becoming the norm as usage and acceptance has continued to grow since the EMV standard was first introduced in 2011,” the company said. “That’s good news...
NovoPayment announced that it has scaled the deployment of Visa Direct to enable instant payments, P2P and P2M payments, account-to-account payments, fast funds and mass payouts, as well as the use of Visa Token Services. The new offering will provide issuers, buyers and merchants faster...
The phenomenon of payments fraud is not a modern one — far from it. But as RL Prasad, SVP of payment system risk at Visa, told Karen Webster in a recent conversation, what is new today is the who and the how of fraud, particularly...
Visa is unhappy with India’s plan to require banks and card payment networks to offer no-fee debit card transactions. Last month, India’s Finance Minister Nirmala Sitharaman announced that businesses with annual turnover of 500 million rupees will not have to pay a merchant discount rate...
In a wide-ranging televised interview, Visa CEO Al Kelly discussed Apple’s new co-branded credit card, Big Tech’s move into financial services, and Visa’s interest in the Libra Association, per reports from CNBC. Kelly that said that Apple is a great partner of Visa and has...
Visa is exploring state-of-the-art payment experiences at the 2020 Olympics in Tokyo to support “Cashless Japan.” The mandate handed down by Japan’s lawmakers strives to increase the total of digital payments from 20 percent to 40 percent by 2025, Visa said in a press release on...
Visa will comply with a Russian law that says international payments systems have to process transactions for the country despite U.S. sanctions, according to reports. Visa said Russia is an important market for the company in terms of strategy, and the new law won’t make...
The installment lending playing field just got more interesting — and global — today (June 27). Visa announced that it will bring the power and ubiquity of installment lending to digital and physical points of sale (POS) through application program interfaces (APIs) that support the...
