There’s the payment and then there’s everything that happens around it. That’s why financial services companies, from insurance to FinTechs to enterprise-grade banks, add services to protect, analyze and optimize each transaction. For example, Visa’s value-added service (VAS) offerings now contribute roughly a quarter of...
Paying with paper checks at Target will soon be a thing of the past. The retailer said it will stop accepting personal checks at its stores later this month, according to a recent report by the Minneapolis Star-Tribune. “Target is committed to creating an easy and...
Mastercard is expanding its partnership with Dubai-based retail conglomerate LuLu Group. The collaboration, announced Friday (July 5), will extend across the markets of Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates and newly-added Saudi Arabia, integrating Mastercard’s expertise into Lulu Group’s operation. “The partnership will...
Visa has promoted Aurélien Pichon, who had been its head of client services in Central Europe, Middle East and Africa (CEMEA) for the last two years, to global head of client services, effective immediately. In his new role, Pichon will lead a global team of...
Some of the seven new product and feature announcements Visa announced at its May 15 user conference are starting to gain traction. Case in point: Flexible Credentials and installments. When it was first announced, Mark Nelsen, senior vice president and global head of consumer payments...
Visa has launched a new service that delivers a digital card replacement via text or email to cardholders anywhere in the world. When cardholders receive their new card, which Visa sends on behalf of card issuers, they can authenticate it and add it to their...
Visa has relaunched its SavingsEdge program, aimed at helping small businesses. “For more than a decade, Visa SavingsEdge has provided eligible small business cardholders with the savings, tools and resources to help them grow,” the company said in a news release Thursday (June 13). “The...
Mastercard said Tuesday (June 11) that it aims to make the experience of using a card online more like that of using one in store. The company is working to phase out manual card entry for eCommerce by 2030 in Europe, replacing it with a...
Mastercard will add new open banking-powered solutions that make it easier for consumers to automatically switch their direct deposits and update their recurring bill payments. These capabilities will result from the integration of Deposit Switch and Bill Pay Switch with Mastercard’s Open Banking platform and...