Visa: Innovation in Payments

The Payments game is changing. With multiple approaches to innovation that have defined and transformed the role of payments and commerce around the world, who is winning this game? This series offers an inside look at how Visa approaches innovation, how it develops new products and what drivers are influencing what is next in payments.

Visa, Wave Team To Bring Instant Payouts To Micropreneurs

“When do you want to get paid?” It’s a basic question that — when posed to anyone, particularly, a small business (SMB) — most always has the same answer, no matter who one asks or within what industry: now. Until recently, “now” was almost never an option, since it was always based on when the […]

How Retailers Are Gearing Up For Contactless Payments Via mPOS

With the use of contactless payments heating up around the world, small and mid-sized businesses (SMBs) and their solution providers have to prepare for their acceptance. Mobile point-of-sale (mPOS) terminals that are enabled for contactless have to meet certain specifications to gain EMVCo 3.0 certification: They must, for instance, resolve issues when a payment reader’s […]

FinTech Branch Raises $170M, Partners With Visa

Branch, the popular finance app in Africa, announced on Monday (April 8) that it has inked a partnership with Visa and raised $170 million in venture funding led by Foundation Capital and Visa. In a press release, Branch said the partnership is a natural fit, as the two companies share a common vision of bringing financial access […]

Data Dive, Milestone Edition: Gig Payments, Affirm And Contactless March On

For baseball fans, April 8 is a day that lives in semi-infamy, as it is the day 45 years ago in 1974 that Hank Aaron officially broke Babe Ruth’s all-time home run record. At the time, it was a record most people believed could not and should not be broken – and in fact, Aaron […]

B2B Payments Sizzle As Checks Face A Looming Fizzle

Might the check be going the way of the dodo? The way of not-so-fond memory, while trees breathe a silent sigh of relief? As 2019 ended its first quarter, it may have been the deals worth tens of billions of dollars that garnered the lion’s share of headlines. But beyond Fiserv, First Data, Worldpay and […]

Bento For Business Taps Visa For Small Business Cash Flow

Small and medium-sized business spend management firm Bento for Business is teaming up with Visa to enhance cash flow management for SMB customers. In a press release on Thursday (April 4), Bento announced its collaboration with Visa to integrate Visa’s business debit card into the Bento for Business platform. Current holders of Visa business debit […]

Visa Gives Businesses New Way To Pay Gig Workers In Real Time

The gig economy is growing. The desire to get paid faster is also gaining traction — along with the companies satisfying that desire. To that end, Visa announced Tuesday (April 2) that it has introduced Card Payouts, an app designed help mid- to large-sized businesses manage cash flow — and speed payments to gig economy workers, […]

Why ‘Play Ball!’ Means So Much For Payments

Another baseball season has started, much to the delight of many consumers, including those insufferable and pretentious fans who consider football something that happens between the World Series and spring training. Cue the memories, the emotional music, the waxing nostalgic about past players and all those ballpark hotdogs with parents and pals. Recall, too, all […]

Alabama Debuts Smart Utility Payments Program

It started, arguably, with mass transit, though with many bumps along the way, as the problems are slowly being solved while still bedeviling many cities. But transit will very likely be key – whether that means subways, buses or other, more individual forms of motion, such as rideshares or even scooters. It will certainly involve […]

Visa Partners With Remitly On Real-Time Global P2P

Instant payments — and the ability to push funds immediately across the debit rails to consumer bank accounts — has entered something of a renaissance. The demand is there: According to the latest edition of the PYMNTS Disbursements Tracker,  75 percent of consumers expressed a preference for faster payments, and 84 percent of those consumers reported debit cards as their […]

Visa Rolls Out Promotions As Sponsor Of Hudson Yards

As the official payment technology partner for Hudson Yards, New York City’s newest neighborhood offering shopping and entertainment options, Visa is offering exclusive discounts and deals to its cardholders. In a press release, Visa said they will offer cardholders access to exclusive deals on retail and dining, and will also support contactless payment technology throughout the mall. […]

US Mulls Banning Visa, Mastercard From Processing In Venezuela

The U.S. might prohibit Visa, Mastercard and other financial institutions (FIs), such as SWIFT, from processing transactions in Venezuela. Citing a senior Trump administration official, Reuters reported that if the move is finalized, it would target the elite and groups loyal to President Nicolás Maduro, including members of the military, armed gangs and Cubans operating in […]

Visa, PayActiv Launch Real Time Payroll

If rules were made to be broken, what better rule to break than the rigid two-week payday cycle? Visa and PayActiv have teamed up to offer on-demand access to earned wages, which Cecilia Frew, SVP and head of North America push payments at Visa Direct, says can be a game-changer for employees — and especially gig workers.

Visa Celebrates International Women’s Day With A Global Challenge For Female Entrepreneurs

On Friday (March 8), the world will recognize International Women’s Day — celebrated globally since 1975, when it was adopted as a holiday by the United Nations. In the 44 years since, much has changed for women all over the world. More women have finished college and started businesses, as well as work outside the home and fill management or supervisory blue-collar […]

Russia’s Trade Assoc. Accuses Visa, Mastercard Of Market Power Abuse

Russia’s trade associations have accused Visa and Mastercard of abuse of market power in the country. According to RT.com, the Association of Internet Trade Companies, the Retail Companies Association (ACORT) and the Association of Trading Companies and Manufacturers of Electrical Household and Computer Equipment filed a request to the country’s antitrust authority to take action […]

Kroger Widens Ban On Visa Credit Cards

Supermarket firm Kroger has expanded its ban on accepting Visa credit cards, stating on Friday (March 1) that its Smith’s Food and Drug unit will stop offering that payment option beginning April 3. The move follows 2018 bans on the payment giant’s cards at Kroger Foods stores located in the state of California. Then, as […]

Visa, PayMate Broaden Partnership For B2B Digital Payments

PayMate, a B2B digital payments company based in India, has broadened its partnership with Visa to include businesses in the Central and Eastern Europe, Middle East and Africa (CEMEA) area, according to a report. Those businesses, as Visa’s issuing financial institution clients, can now access PayMate’s platform to handle corporate customers’ payment needs. PayMate has […]

Visa, Planeta Fast-Track Contactless Mass Transit Payments

Visa and Planeta said on Monday (Feb. 25) that they have launched new technology that speeds contactless payments for mass transit and lowers the cost for transit organizations and operators to offer that payment option. In a press release, the companies said the Visa Secure Access Module (SAM) helps those enterprises facilitate contactless payments through […]

Visa, Mastercard, Banks Settle Card Fee Lawsuit

In a settlement that has been given preliminary approval by a federal court in New York, Visa and Mastercard, along with bank defendants, have agreed to provide roughly $6.24 billion in settlement funds. The funds are subject to a deduction that is said not to exceed $700 million, according to a notice authorized by the […]

UMB Bank Taps Bottomline For AP Offering

UMB Financial Corporation is teaming up with Bottomline Technologies to integrate an accounts payable management offering for corporate customers. In a press release sent to PYMNTS, the companies announced Wednesday (Feb. 20) that UMB will begin offering Bottomline’s Paymode-X solution, integrated with Visa Payables, for business customers, allowing companies to pay their own suppliers with […]

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