News stories featuring Visa Europe:
September 1st, 2015
The UK contactless limit increase from £20 to £30 could enable an extra three million Visa contactless transactions a day, worth more than £70m, Visa Europe says. “Supermarkets, clothes retailers, department stores and pharmacy chains will benefit the most from the increase,” the payment network says. Contactless now accounts for one in 11 in-store Visa transactions, it adds.
September 1st, 2015
More than £2.5bn (US$3.8bn) was spent using contactless cards in the UK in the first half of 2015 compared to £2.32bn (US$3.55bn) for the whole of 2014, research from The UK Cards Association reveals as…
July 24th, 2015
More than 2,300 financial institutions and banking partners have now signed up for Visa’s tokenization service with international expansion set to happen “in the fall”, Visa has revealed during a third quarter earnings call. The…
July 14th, 2015
Apple Pay is now live across the UK, enabling consumers with iPhone 6, iPhone 6 Plus and Apple Watch devices to make NFC mobile payments at more than 250,000 locations and across the Transport for…
July 6th, 2015
More than one billion contactless transactions worth in excess of €12.6bn have been made by Visa cardholders across Europe in the past 12 months, research from Visa Europe has found, with its customers spending €1.6bn…
June 10th, 2015
Customers who choose to use Apple Pay when the service launches in the UK will be able to use the mobile payments service to make transactions over the current contactless limit of £20 (US$30) at…
June 8th, 2015
Visa Europe has confirmed that it will play a part in the the UK launch of Apple Pay and will give debit, credit and reloadable prepaid cardholders access to the payment system. “Visa Europe would like to confirm that it is part of the Apple Pay launch in the UK coming at the beginning of July,” the payment network says. “Further details and information will be shared shortly.” MasterCard revealed last week that it was ready to switch on Apple Pay in Europe.
June 4th, 2015
One in five Europeans expects to use their mobile phone to make payments on a daily basis by 2020, growing from the one in ten who do so already today, research from Visa Europe has…
May 12th, 2015
Visa is in preliminary talks to buy former subsidiary Visa Europe in a deal that may be valued at as much as US$20bn. “The talks, which began when Visa approached Visa Europe, are at an early stage and could fall apart if the two sides can’t agree on a price,” Bloomberg reports. “Visa Europe is owned by more than 3,000 European banks and has a put option that would force its former parent to buy it within about nine months if at least 80% of its board agrees.”
April 1st, 2015
BNP Paribas, Groupe BPCE, La Banque Postale and Société Générale have begun piloting HCE mobile payment services with Visa Europe and payment and transaction services provider Worldline. The plans were first announced in November last year and will let users make mobile payments at nearly 400,000 contactless point-of-sale terminals across the country.
March 26th, 2015
Turkey’s Türk Ekonomi Bankasi (TEB) has become the latest European bank to announce plans to launch a host card emulation (HCE) based mobile payments service using a tokenization platform unveiled by Visa Europe in February. “Customers will be able to make Visa contactless payments at more than 2.4m contactless terminals across Europe with a simple tap using the bank’s CepteTEB mobile application,” says Visa Europe.
March 5th, 2015
“Tokenization does a couple of things brilliantly; one is it really helps on facilitating innovation, facilitating the use, for example, of mobile phones for payments,” Visa Europe’s Sandra Alzetta told NFC World following the payment…
February 25th, 2015
Visa Europe is to launch a tokenization service “customized for the needs of the European market”, the payments network has announced. The new service will be available for financial institutions from mid-April 2015. “Tokenization is…
February 9th, 2015
Three quarters (76%) of the UK’s “Generation Z” consumers — aged between 16 and 24 — say they would feel comfortable making a payment using biometric security, a survey conducted by Opinion Matters for Visa Europe has revealed, and 69% believe it would make their lives faster and easier. Overall, Generation Z rated biometrics as a 7 out of 10 compared with non-biometrics at 6 out of 10.
February 3rd, 2015
Visa Europe is to invest more than €200m a year in new payments technologies to accelerate the growth of digital payments, the payments network has announced. The aim, says CEO Nicolas Huss, is to “further eat away at the 70% of transactions that are still settled in cash in Europe.”
January 22nd, 2015
Three quarters of British consumers aged 16 to 24 (76%) say they would feel comfortable using biometric security when making a payment, with more than half keen to see facial recognition, fingerprints and retina scans replace passwords…
January 7th, 2015
Nine Polish banks are to launch host card emulation (HCE) based mobile payments services using Visa’s cloud-based payment specifications “from early this year,” allowing their customers to make contactless payments using NFC-enabled Android smartphones. Taking part…
November 26th, 2014
A new service that lets NFC phone users enter their PIN on their mobile device to confirm a high value transaction is making it possible for UK consumers to make contactless payments valued at more…
November 5th, 2014
Visa Europe has partnered with payment and transaction services provider Worldline to pilot NFC mobile payments using host card emulation (HCE) with four French banks in the first quarter of 2015. The participating banks will…
October 17th, 2014
iPhone 6 and 6 Plus users with Visa cards issued by Bank of America, Capital One, Citi Bank, Chase and Wells Fargo Bank will be able to use Apple Pay in stores from launch on 20 October, Visa says.
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