Visa has named banking veteran Antony Cahill to head its European operations. Cahill replaces European CEO Charlotte Hogg, who is leaving the company after eight years to pursue a new opportunity, the payments giant announced in a Tuesday (May 27) news release. “We are grateful...
Citi has debuted its PayTo initiator, a payment solution for its institutional clients. PayTo lets clients access what Citi calls a “faster, cost-effective, and more secure” alternative to credit cards, debit cards or direct debits, per a Tuesday (May 20) press release. With PayTo, those “clients...
Visa launched Visa Commercial Integrated Partners, a program to help businesses embed payments into their products and platforms. The program is designed to cover companies ranging from ERP platforms that streamline reconciliation processes to connected commerce applications that enable in-vehicle fleet transactions, Visa said in...
It’s no secret that the world is moving faster. In parallel, the way we move money is evolving just as rapidly. Over the past decade, digital wallets have gone from niche FinTech novelties to powerful tools reshaping the landscape of global payments. From Gen Z...
The Georgia Department of Banking and Finance said Wednesday (April 30) that Fiserv merchant acquirer limited purpose bank (MALPB) has become the nation’s first chartered MALPB to process card-based payment transactions. The department said in a press release that the wholly owned subsidiary of Fiserv had its...
Visa wants the next wave of agentic artificial intelligence (AI) to do more than curate a dream vacation or the perfect outfit to wear for it. It wants it to pick up the tab. Unveiled Wednesday (April 30) at the company’s Global Product Drop, the...
Visa’s fiscal second quarter results underscored the continued displacement of cash in face-to-face commerce, the widening embrace of tap-to-pay technologies and rising commercial volumes — and notably, there’s been no consumer spending slowdown, according to management commentary on the earnings call Tuesday (April 29). Supplemental...
Mastercard has launched Agent Pay, its agentic artificial intelligence (AI)-driven payments program. The new offering, announced Tuesday (April 29), introduces Mastercard’s Agentic Tokens, which the company said builds upon tokenization capabilities that power global commerce solutions like mobile contactless payments, along with programmable payments such...
Mastercard CEO Michael Miebach said the payments giant is not seeing consumer spending slow down despite the consumer sentiment surveys indicating that people are worried about the economy. During a fireside chat at the Semafor World Economy Summit on Wednesday (April 23), he said that...