Visa’s earnings call Tuesday (July 23) night offered up insight into new payment flows, continued acceptance of virtual cards, and the ways in which business-to-business (B2B) transactions are moving into digital channels. During the conference call with analysts, CEO Ryan McInerney said that “our products...
In the bid to build out a pan-European card network, will it be different this time? More than a decade ago, the Monnet Project Association, a group of 24 European banks from seven countries, sought to launch such a network. But much hinged on agreements...
J.P. Morgan has become a principal member of the French payments network Cartes Bancaires CB, becoming the first U.S. bank to do so. Having been granted this license, the bank plans to support the French payment method for merchant clients by the end of 2024, J.P. Morgan...
Visa is acquiring a majority interest in Mexican payments processor Prosa to expand digital payment adoption in that country. The agreement, announced Friday (Dec. 15), will see Prosa continue to operate as an independent company with its own infrastructure, though Visa will expand Prosa’s offerings with new digital...
March 06, 2024
In the bid to build out a pan-European card network, will it be different this time? More than a decade ago, the Monnet Project Association, a group of 24 European banks from seven countries, sought to launch such a network. But much hinged on agreements over interchange fees for the banks — and the European […]
January 14, 2020
Visa is buying Plaid — the startup that develops APIs for financial services — for $5.3 billion. By helping to bridge the gap between apps and consumers, Plaid brings new...
November 01, 2018
Checks, despite their near extinction in consumer payments, remain alive and well when it comes to businesses paying each other. And that, TransCard CEO Greg Bloh noted, is for a...
December 01, 2024
Italy has reportedly restored an outage to its payment services that hindered Black Friday sales. The disruption on Nov. 28 and 29 had been restored by Saturday (Nov. 30), Bloomberg News reported, citing a statement from the Bank of Italy. A separate report by Reuters said the outage was triggered when construction on gas roadworks […]
March 04, 2024
J.P. Morgan has become a principal member of the French payments network Cartes Bancaires CB, becoming the first U.S. bank to do so. Having been granted this license, the bank plans to...
December 17, 2023
Visa is acquiring a majority interest in Mexican payments processor Prosa to expand digital payment adoption in that country. The agreement, announced Friday (Dec. 15), will see Prosa continue to operate as an...
December 11, 2023
U.S. payments network operator The Clearing House (TCH) is onboarding a new chief strategy officer (CSO). Sal Karakaplan will be joining the company, bringing over 25 years of experience in banking and payments...
