Tag: Visa

With all of the New Innovations – GPR Prepaid Debit Cards Continue to Prove they are still Essential for the Un and Underbanked!

How does the federal government send $3 trillion to individuals and businesses across the country? Not as efficiently as it could, said Erika Baumann at Aite Group, a fintech analytical firm. TCH — The Clearing House – owned by 25 of the largest banks operating in the U.S. — launched a real-time payments system late in 2017, named,…
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May 8, 2020 0

Infographic: Visa’s Chip Card Update

It has become much more difficult for criminals to counterfeit credit and debit cards since EMV® chips started being embedded for improved security. The industry was encouraged to shift to chip cards in the U.S. a little over three years ago with the promise of better protection against counterfeit fraud for consumers, merchants and issuers.…
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February 15, 2019 0

Visa, Mastercard are close to swipe-fee agreement

Visa Inc. and Mastercard Inc. are getting close to settling a 13-year-old lawsuit over fees charged when merchants accept card payments, according to a person familiar with the agreement. The two card companies and banks including JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. would pay merchants about $6.5 billion under the…
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June 28, 2018 0

Will Visa and PayPal’s truce survive the ‘single button’ movement?

Visa CEO Alfred Kelly is less publically adversarial toward market rival PayPal than his predecessor Charlie Scharf, even as Visa’s push for a “single button” for online payments seems to undermine PayPal’s business model. Visa’s 2016 deal with PayPal has boosted Visa‘s financial performance, and Kelly praised several other partnerships with PayPal that “remove friction”…
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April 26, 2018 0

Time to Review the EMV Migration

On this episode we talk with Stephanie Ericksen, VP of Global Risk Products at Visa about the EMV migration and credit card fraud. During our conversation we cover the following topics: In-store credit card fraud has dropped by more than 70% in less than two years. What are the reasons for the dramatic drop? What…
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April 10, 2018 0

Amazon’s checking account push shows next target: Swipe fees

Jeff Bezos changed the way America shops. Now, he wants to change how it pays for things. With a foray into financial services, Amazon.com could disrupt the decades-old card payments system, a move that some say could save the retailer $250 million a year in swipe fees. That could be bad news for the likes…
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March 10, 2018 0

THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem

BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Digital disruption is rocking the payments industry. But merchants, consumers, and the companies that help move money between them are all feeling its effects differently. For banks, card networks, and processors, the digital…
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January 30, 2018 0

Visa to drop signature requirement in North America, joining other major card brands

If it wasn’t before, it’s official now. Signature authorization in North America will largely cease to exist in April. Visa will join the other major card brands in making the signature requirement optional for all North American merchants accepting contact or contactless chip-enabled EMV cards. Bloomberg News Visa’s announcement signals what many in the payments…
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January 14, 2018 0

Visa brings faster payments to a market that may not need it

In the U.S., Visa Direct has emerged as one of the few go-to tools for fast payments in a market that is overdue for such options. The product’s true test begins now, as Visa launches it in Europe, where faster payments options are far more plentiful. Among Visa’s biggest challenges will be Mastercard, which zoomed…
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November 3, 2017 0