As real-time and account-to-account transactions rise and payments fraud continues to rise with them, Visa is putting artificial intelligence (AI) to work. The company announced Wednesday (March 27) that it will use AI in a trio of new applications within its fraud and risk management...
Visa said its token service has been a boon for the Asia-Pacific region’s digital economy. The region saw an “uplift” of more than $2 billion last year due to Visa token service (VTS) adoption, the company announced in a Tuesday (March 26) press release. “VTS replaces the 16-digit...
Integrating online features and in-store shopping is reshaping the shopping experience in the U.K. However, more than one-quarter of U.K. merchants don’t offer the digital shopping features customers want. Even worse, one-third of these consumers faced challenges when looking for the features they most desired...
A strategic, forward-thinking approach to working capital helps separate top-performing middle-market firms from their peers, according to Visa. The latest release of the “2023-2024 Growth Corporates Working Capital Index,” noted that middle-market firms with revenues between $50 million to $1 billion annually perform most efficiently...
Visa appointed Michiel Wielhouwer as its president and country manager for Visa Canada, saying he will move to that role from his previous one as executive director of Visa’s France, Belgium and Luxembourg business. Wielhouwer will succeed Stacey Madge, who served in the role for the past seven...
Visa and Western Union have formed a new agreement centered on cross-border payments. The expanded partnership, announced Tuesday (March 5), lets Western Union customers send money to loved ones, Visa cards and bank accounts in 40 countries. According to a Visa news release, the collaboration covers card issuance, Western Union’s...
Visa, in partnership with PYMNTS Intelligence, has launched a new benchmarking tool for middle-market CFOs to evaluate their working capital efficiency compared to industry peers. This tool, featuring a calculator and interactive report, is based on a study released by Visa and PYMNTS Intelligence in...
“If you cannot measure it, you cannot improve it,” British mathematician and scientist Lord Kelvin said long ago. The 19th-century statement is especially relevant for corporate executives in 2024 — particularly when it comes to working capital. At a high level, working capital is defined...
Access to working capital enables all types of companies to avoid operational disturbances in the short term and to power growth for the long term. In Europe, 79% of Growth Corporates accessed working capital solutions in the last year. This was the second-highest usage rate...
