Visa - News, Articles & Research

News

Merchants score victory over Visa and MasterCard as court tosses $7.25bn interchange settlement

In a win for merchants, a US federal appeals court has killed off a $7.25 billion class action settlement over interchange fees between millions of retailers and Visa and MasterCard.

30 June 2016

News

Visa sues Walmart over Chip and PIN policy

The strained relationship between Visa and Walmart is reaching breaking point as the card scheme files a lawsuit against the supermarket chain for allegedly reneging on an agreement to allow the use of signature verification alongside Chip and PIN for transactions at the till.

30 June 2016

News

Brexit: Visa could move jobs to continent, LSE-Deutsche Bourse London HQ at risk

The Brexit fallout continues, with concerns rising that Visa might move hundreds of jobs out of the UK, the London Stock Exchange's merger with Deutsche Bourse could be hampered, and the City's role running euro clearing is under threat.

29 June 2016

News

US supermarket chain Kroger sues Visa over PIN transactions

US supermarket chain Kroger has filed a lawsuit against Visa over a disagreement about using PINs to verify EMV debit card transactions, according to the Wall Street Journal.

27 June 2016

News

Microsoft brings contactless payments to Windows 10 phones

Following the lead of Apple, Google and Samsung, Microsoft is bringing contactless payments to Windows 10 mobile phones.

21 June 2016

News

Visa Inc seals buy out of European business

Visa Inc has completed its acquisition of Visa Europe, creating a combined global company serving 17,100 financial institutions and partners, more than 40 million merchant outlets, and 3 billion card accounts worldwide.

21 June 2016

News

Home Depot suit accuses card schemes of putting profits ahead of security in EMV roll out

Home Depot, the US retail chain that saw 56 million accounts hacked in 2014, is suing Visa and MasterCard over their failure to mandate more secure Chip and PIN technology at the checkout during the country's migration to EMV-based payments.

16 June 2016

Company announcement

Visa moves to ease EMV chip migration hurdles

Visa Inc. (NYSE:V) today announced a series of initiatives to help accelerate EMV chip migration for merchants. Visa has streamlined its testing requirements, amended and simplified the terminal certification process, and committed to investing further resources and technical expertise in a manner that can reduce timeframes by as much as 50 percent.

16 June 2016

Company announcement

Visa certifies Worldline for cloud-based payments

Worldline [Euronext: WLN], the European leader in the payment and transactional services industry, has become the first player to be end-to-end Visa-certified to run in-house its Cloud-based Payments solution.

16 June 2016

Company announcement

Visa to bring Apple Pay to cardholders in France and Switzerland

Visa today confirmed that it will offer Visa debit, credit and reloadable prepaid cardholders access to Visa with Apple Pay, as it launches in France and Switzerland in the coming weeks.

14 June 2016

News

Walmart Canada to refuse Visa credit cards as interchange row heats up

The turbulent relationship between North America's largest retail supermarket chain and the card schemes has reached a new nadir, with a decision by Walmart to refuse to accept Visa credit cards in its 370 stores across Canada.

13 June 2016

Company announcement

ID TECH releases UniPay III for mobile payments

ID TECH, a leading manufacturer of secure payment solutions, mobile payment, point of sale peripherals, and digital signage, has announced that the UniPay™ III has been released to production.

10 June 2016