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...
Visa has announced it is partnering Grasp Technologies, a leading provider of data management, visualization and payment solutions in the Travel and Expense (T&E) industry, to make business travel and management for companies easier. Data shows that global business travel is expected to grow by approximately...
Visa announced Tuesday (August 7) that it has made an investment in and inked a partnership with Behalf, an Israeli startup. In a press release, Visa said the investment and partnership is aimed at supporting small business growth via easy-to-access capital and financing. Behalf provides working...
Kroger might expand on a ban on Visa credit cards imposed by its unit in California — proof that retailers are ready to fight back against the $90 billion they pay in swipe fees every year. This week, Foods Co., a subsidiary of grocery giant Kroger, has...
France wasn’t the only winner at the FIFA World Cup: Payments innovation won big, too, with contactless payments accounting for 45 percent of all Visa purchases in the 11 host cities. Fans from Poland, in particular, made a whopping 74 percent of Visa transactions using...
