Visa has lost around 4% of the revenue booked during its last fiscal year as it pulled out of Russia — though a Friday (April 8) Wall Street Journal report said the impact won’t be noticeable within a year as the company sees sales growth....
Visa is launching a multi-year program to combat economic inequality and deliver expanded access and opportunities to minority-led banks and communities of color throughout the U.S. The Minority Depository Institutions Accelerate program will be backed by Visa with up to $100 million through deposits with...
Amazon and Visa have reached a global agreement ending a several months-long dispute over rising card fees, both companies said in statements on Thursday (Feb. 17). There will no longer be a surcharge fee to use a Visa credit card in Australia and Singapore. The...
Visa’s U.S. Spending Momentum Index (SMI) for December stands at 108.4, making it the strongest reading for that month since the start of the index, the company announced Thursday (Jan. 13). The SMI also set a record for the highest fourth quarter in history when...
Visa is rolling out a new platform to enable acquirers, point of sale (POS) manufacturers, and Internet of Things (IoT) leaders to move payment processing software from being embedded in devices to universally accessible in the cloud. The newly launched Visa Acceptance Cloud (VAC) is...
Visa is throwing its financial support behind women’s soccer as the first FIFA women’s soccer (football) partner for the Women’s World Cup 2023, an investment that builds on its long-term commitment in Europe and around the world to elevate the sport and promote greater equality....
Chargebacks and disputes may be top of mind for merchants, with Black Friday and, more recently, Cyber Monday in the rearview mirror. To that end, Verifi, a Visa Solution, said in its RDR Expansion webinar in mid-November that its Rapid Dispute Resolution (RDR) decision engines,...
Visa has rolled out a new set of sustainability-focused benefits intended for account issuers to be able to get cardholders more on board with green consumption habits, according to a press release emailed to PYMNTS. Visa Eco Benefits will let Visa issuers add benefits for...
The Department of Justice (DOJ) is looking into Visa’s relationships with large FinTechs, citing antitrust concerns, The Wall Street Journal (WSJ) reported. The investigators are concerned about financial incentives Visa gave to PayPal, Square and Stripe, looking into whether those payments were keeping the companies...
