Visa, the payments company, announced news on Thursday (Nov. 2) of the European launch of Visa Direct, a real-time international payments platform. In a press release, Visa said Visa Direct enables person-to-person (P2P), business-to-consumer (B2C), and business-to-business (B2B) money transfers. Through the service, funds can...
Singapore residents will soon be able to make purchases with a prepaid Visa card backed by the cryptocurrency platform Monaco. “Our team has worked incredibly hard over the past year to achieve this milestone. This is an important step towards Monaco’s vision to introduce cryptocurrency...
According to CEO Alfred Kelly, Visa ended its financial year as it began, “with strong growth across payments volume, cross-border volume and processed transactions, which was bolstered by the addition of Visa Europe.” That sent Visa’s stock price up 2 percent, to a record high of $110.61....
Money being waited on is not money being spent. As Ingo Money CEO Drew Edwards noted, a person waiting for money — whether it’s from a paycheck, an insurance disbursement or a loan — probably needs that money. The reality is that many businesses still pay out those funds using...
In an era of nearly constant data breaches, securing commerce is now everyone’s concern. And for good reason. In addition to the potential liability that issuers and merchants may face if stolen credentials or identities are used online, breaches only further fuel consumer concerns over...
Credit and debit card payments processing company Vantiv and Visa announced news on Thursday that they have jointly debuted FastAccess Funding, which allows merchants to more quickly receive settlement payouts. FastAccess Funding is the first merchant payment solution available across Vantiv’s push-to-card platform. In a...
Natural disasters are horrifically destructive events. Out of the total economic losses attributed to the destruction caused by Hurricanes Irma and Harvey, which could range from $150 to $200 billion, experts estimate that the insurance-related losses could run as high as $20 to $40 billion. Only Hurricane Katrina,...
Venmo is testing out a free debit card for select users that is linked to their accounts. According to a TechCrunch news report, the company is inviting select users to participate in a beta program. They will receive a free Venmo debit card that is...
When Visa announced its Cashless Challenge a few weeks ago, it obviously hoped to make some news. After all, directly incentivizing 50 food-focused small- and medium-sized businesses (SMBs) to opt out of accepting cash entirely — with $10,000 to help pay for technology upgrades —...
