Visa’s fiscal fourth quarter results underscored the payment network’s traction beyond card payments, as new payment flows in particular gained momentum. Commentary from the call and from the earnings supplement and earnings release show that overall payments volume grew 8% year over year. In the...
Visa will reportedly lay off 1,400 employees and contractors, including about 1,000 in technology positions, by the end of the year. The company aims to streamline its international business with these cuts, The Wall Street Journal (WSJ) reported Tuesday (Oct. 29). Together with the 1,000...
Visa is teaming with ClearBank on a partnership centered around issuance and money movement solutions. “By utilizing ClearBank’s cloud native banking infrastructure, Visa could soon benefit from its real-time payment processing, enhanced transaction visibility and a streamlined reconciliation process when processing transactions in the UK...
At its most basic level, working capital is the cash flow needed to fund short-term costs and operations. However, the operative definition of working capital, its usage and its access has changed dramatically in the year since Visa’s release of the first Growth Corporates Working...
Download the ReportThe 2024-2025 Growth Corporates Working Capital Index The utilization of working capital solutions is on the rise. In fact, 80% of Growth Corporates using at least one such solution in 2024, is up 13% year over year. In addition, PYMNTS Intelligence’s research finds...
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,...
