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    Visa

    News stories featuring Visa:

    Kroger sues Visa over EMV authentication

    June 28th, 2016

    US supermarket chain Kroger has filed a lawsuit against Visa for allowing customers to verify EMV purchases with a signature instead of a PIN. “Kroger said the dispute began after it was informed by Visa that the configuration of its new terminals didn’t comply with Visa’s rules,” The Wall Street Journal reports. “Visa’s rules require merchants to allow customers to choose between a PIN and a signature verification.” Walmart also sued the payment network for its EMV signature authentication option in May 2016.

    Android Pay launches in Singapore

    June 28th, 2016

    Google has begun rolling out Android Pay across Singapore, marking the mobile payment service’s debut in Asia. It will work with MasterCard and Visa cards from DBS Bank, OCBC Bank, POSB Bank, Standard Chartered Bank and UOB. More

    Vodafone Italia adds NFC mobile payments with PayPal

    June 27th, 2016

    Customers of Vodafone Italia can now make NFC mobile payments through PayPal using the mobile network operator’s Vodafone Wallet. The service will allow for in-store payments at any Visa contactless terminal across the country. More

    Discover joins effort to speed up EMV checkout

    June 24th, 2016

    Discover has unveiled Discover Quick Chip, a new option for merchants to streamline the checkout process when customers pay with cards. “Discover Quick Chip will reduce the time a chip card needs to remain in the point of sale terminal, making the checkout process more convenient for merchants and cardholders,” the card network says. American Express also unveiled a similar offering earlier this month. Visa originally unveiled a feature designed to streamline EMV transactions in April 2016, closely followed by MasterCard.

    Microsoft launches NFC payments for Windows 10 phones

    June 22nd, 2016

    Microsoft has introduced an NFC payment feature for users of Windows 10 Mobile devices in the US through its Microsoft Wallet app. The company says the move comes “in response to feedback” from its customers and with… More

    Visa seals deal on Visa Europe acquisition

    June 21st, 2016

    Visa has completed its acquisition of Visa Europe. “The combined, global company provides digital payment products, services and processing to about 17,100 financial institution clients and partners, more than 40m merchant outlets and 3bn Visa accounts worldwide,” the payment network says. “Visa-branded cards and payment products enable approximately US$6.8trn in global payments volume annually.”

    Samsung Pay launches in Singapore

    June 17th, 2016

    Samsung Pay has gone live in Singapore, enabling customers of Citibank Singapore, DBS Bank Singapore, POSB Bank Singapore, OCBC Bank and Standard Chartered to make mobile payments with their compatible smartphone wherever MasterCard or Visa is accepted. The mobile payments service launched in Australia on June 15 and plans to roll out Samsung Pay in Singapore on June 16 were revealed last week.

    Visa certifies Worldline for in-house cloud-based payments

    June 16th, 2016

    Payment processor Worldline has received end-to-end Visa certification to run its cloud-based payments solution in-house. “This solution enables issuers to provide their clients with Visa PayWave on their Android mobile NFC phones with embedded host card emulation (HCE) technology,” Worldline says. “These highly secured transactions will be accepted on all Visa enabled contactless terminals around the world.”

    ASB Bank launches HCE in New Zealand

    June 15th, 2016

    Customers of ASB Bank in New Zealand can now make host card emulation (HCE) based mobile payments using ASB Virtual, a new feature in the bank’s mobile banking app that enables payments using a Visa… More

    American Express speeds up EMV checkout

    June 15th, 2016

    American Express has unveiled Amex Quick Chip, a technology that enables merchants to provide cardmembers with a “more seamless” experience when paying with their EMV chip cards at the point of sale. “With Amex Quick Chip, cardmembers can dip their card during the checkout process and remove it before the transaction is completed,” American Express says. “Amex Quick Chip is available to merchant processors which may deploy the service to interested US merchants through a software update.” Visa unveiled a similar service in April 2016, closely followed by MasterCard.

    Orange Cash to offer Apple Pay in France

    June 15th, 2016

    Apple Pay will be offered to Orange Cash customers in France when the mobile payment service launches in the country in the coming months. “More than 200,000 Orange customers have already used Orange Cash,” Orange says. “Enabling Apple Pay will allow Orange to offer this service to many new customers and provide an innovative and secure solution.” Orange Cash was unveiled by Orange and Visa in November 2013 and went live in February 2014.

    Visa to support Apple Pay in Hong Kong

    June 14th, 2016

    Visa will support the launch of Apple Pay in Hong Kong, the payment network has confirmed, after announcing its support for the expansion of the mobile payment service to Switzerland and France. “One in ten Visa transactions in Hong Kong is a Visa PayWave transaction and we expect the number of contactless payments to grow even further,” says Caroline Ada, country manager of Visa Hong Kong and Macau.

    Walmart Canada to stop accepting Visa due to high fees

    June 13th, 2016

    Retail giant Walmart will stop accepting Visa credit card transactions in Canada from mid-July due to “unacceptably high” transaction fees. “Visa and Walmart have been unable to agree on an acceptable fee for Visa transactions,” Walmart Canada says. “We will no longer accept Visa in our stores across Canada, starting with our stores in Thunder Bay on July 18, 2016. This change will then be rolled out in phases across the country.” The decision follows Walmart filing a lawsuit against Visa last month for forcing the retailer to let customers use signatures when paying with chip cards.

    Samsung Pay to begin rolling out across Singapore in June

    June 10th, 2016

    Samsung Pay is to begin rolling out across Singapore on June 16, making it the first country in Southeast Asia to get the mobile payment service. It will launch with support from American Express, MasterCard and Visa and major banks. More

    Visa signs up US banks for Visa Digital Commerce App

    June 8th, 2016

    More than 40 US financial institutions have begun implementing the Visa Digital Commerce App, an issuer-branded mobile app that enables card management services such as account balance information, card controls and alerts. The platform also includes token services for NFC mobile payments. “The Visa Digital Commerce App brings together a comprehensive set of services to empower financial institution clients of all sizes to quickly offer their own digital payment experience to cardholders,” says Visa’s Oliver Jenkyn.

    European Commission approves Visa’s acquisition of Visa Europe

    June 3rd, 2016

    The European Commission has approved the proposed acquisition of Visa Europe by Visa. “Visa has now received all regulatory approvals required for the acquisition,” Visa says. “The transaction has already been cleared by both the Jersey and the Turkish competition authorities. The transaction is expected to close in Visa Inc’s fiscal third quarter of 2016. Visa will announce the closing once it has occurred.”

    VTB Mobile Pay adds MasterCard support

    June 3rd, 2016

    Customers of VTB Bank in Georgia can now add their MasterCard debit and credit cards to its VTB Mobile Pay host card emulation (HCE) based mobile payment service following its launch with Visa and technology provider PriNum in October 2015. “The reception of Mobile Pay since its launch has been positive and the service has already seen success in terms of availability and adoption by consumers,” says PriNum CEO Andriy Galyapa.

    Visa to supply athletes with NFC payment rings at Rio 2016

    June 3rd, 2016

    Athletes at this year’s Rio 2016 Olympic and Paralympic Games will be given an NFC payments ring linked to a Visa account that will let them make purchases by tapping their hand against contactless terminals. More

    Visa Europe records contactless growth across the continent

    May 30th, 2016

    Some 3bn contactless transactions were made across Europe on Visa cards and payment-enabled devices in the year to 30 April 2016, growing from 143m transactions a month in April 2015 to 360m in April 2016. The… More

    Apple Pay adds Visa, MasterCard and five major banks in Singapore

    May 25th, 2016

    Consumers in Singapore can now add their MasterCard and Visa cards to Apple Pay, after the mobile payment service launched there in April 2016 with support from American Express alone. Five of the country’s major… More

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