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News stories featuring Visa:

US to get 575m chip cards next year

August 21st, 2014

More than 575million EMV payment cards will have been issued by the end of 2015 by nine leading US card issuers who are members of the Payments Security Task Force (PST), an organisation set up in March 2014 “to drive executive level discussion that will enhance payments system security”. Members of the PST include Bank of America, Capital One, Chase, Citi, Discover, First Data, MasterCard, Visa, US Bank and Wells Fargo.

Analysts report on Apple/Visa partnership

August 5th, 2014

“We think a partnership between Apple and Visa would make strategic sense and believe an announcement could happen as early as this fall,” a team of Pacific Crest Securities analysts has concluded in a new report that follows reports suggesting that two are in talks on mobile payments. “A combination of cloud-based (HCE) and physical (SE or TEE) seems like a plausible security strategy for Apple.”

US merchant groups call for creation of open tokenization standards

August 1st, 2014

Leading merchant groups in the US have come together to call for the creation of an alternative set of open standards for tokenized payments that would be managed by an independent body such as ISO or ANSI — rather than by the payments industry. More

Visa invests in LoopPay

July 25th, 2014

Visa has invested an undisclosed sum in Magnetic Secure Transmission (MST) inventor LoopPay. “The investment is part of a larger strategic funding round for LoopPay, announced earlier this month, which includes Synchrony Financial (formerly GE Capital Retail Finance) and other strategic partners not yet named,” the mobile payments startup says.

Visa to launch new payments service in September, Apple could be the first customer

July 24th, 2014

Visa has unveiled a suite of services designed to “facilitate secure payments across a broad range of internet-connected devices and wearables”. The announcement of the new Visa Digital Solutions service comes amid reports that Apple… More

Consult Hyperion demos EMV mobile payments over BLE on an iPhone

July 22nd, 2014

UK payments technology specialist Consult Hyperion has unveiled a proof-of-concept solution that uses Bluetooth Low Energy (BLE) and host card emulation (HCE) to enable both iPhone and Android NFC phone owners to make MasterCard, Visa… More

Visa Inc abandons digital wallet ambitions, Visa Europe to continue investing

July 17th, 2014

Visa Inc is replacing its V.me digital wallet service with Visa Checkout, a new payment service that enables consumers in the US, Canada and Australia to pay for goods online, on any device, in “just… More

Alpha Bank launches NFC in Greece

July 15th, 2014

Greece’s Alpha Bank has officially launched its Tap n Pay NFC mobile payment service. The move follows successful pilots which began in February this year. The service works with a Vodafone SIM card that stores Alpha Bank-issued Visa cards and can be used to make payments at any of the 5,500 contactless POS terminals in Greece.

Two thirds of UK smartphone owners open to the idea of mobile wallets

July 10th, 2014

Two thirds of UK smartphone owners are open to the idea of using a mobile wallet, according to a survey conducted by Marketing Sciences — but most consumers want to use a mobile wallet to… More

CaixaBank launches payments wristband that can be used at any Visa merchant

July 3rd, 2014

CaixaBank has become the first in Europe to launch a Visa-branded wristband that allows users to make contactless payments at locations equipped with a contactless POS terminal. This summer, the Spanish bank will distribute 15,000 wristbands… More

BBVA launches NFC payments based on Visa HCE specifications

June 30th, 2014

BBVA has become the first bank to launch a commercial NFC payments service that makes use of Visa’s cloud-based payments specifications. Customers in Spain with an Android NFC handset can use host card emulation (HCE)… More

DeviFi offers NFC and Qi for iOS

June 19th, 2014

DeviceFidelity has introduced a module that can be used by case makers and other accessory providers to add NFC payments and wireless charging functionality to an iOS device. The new Multi-Mode Module supports a SIM-based secure element, the Power Matters Alliance (PMA) and Wireless Power Consortium (Qi) standards and “will be certified for mobile payment by major payment networks — Visa, MasterCard, American Express and Discover”.

Spanish banks and carrier launch mobile offers platform that links discounts to bank cards

June 17th, 2014

Yaap, a joint venture between Spanish banks CaixaBank and Banco Santander and mobile network operator Telefonica, has launched a mobile commerce platform that lets consumers access merchant offers on their mobile device and then redeem… More

French bank card association backs biometric payments

June 16th, 2014

Groupement des Cartes Bancaires CB, the French bank card association which pioneered the use of chip cards for payments in the 1980s, expects to enable member banks to issue customers with keyfobs supporting fingerprint payments… More

Banco do Brasil goes NFC

June 13th, 2014

Banco do Brasil has partnered with mobile network operator Oi and Visa to offer NFC mobile payments in Brazil. The service will be made available to a limited number of users initially and then rolled out to all the bank’s customers. Users will be able to make payments with an NFC phone at any of the 1.4m contactless POS terminals available in the country. Oberthur Technologies is supplying NFC SIMs to Oi for the project.

Bendigo Bank launches QR code mobile payments in Australia

June 12th, 2014

Australia’s Bendigo Bank has partnered with Samsung to rollout Redy, a mobile payments service that lets shoppers make payments and receive rewards by scanning a QR code generated by a merchant’s tablet-based POS terminal. The… More

Barclaycard to introduce contactless payment wristbands

June 11th, 2014

Barclaycard is to make contactless payment wristbands available to anyone with a UK bank account or credit card next year. The reloadable bPay Bands will be offered free of charge with no usage fees and… More

South Shore Line introduces mobile ticketing for Chicago commuters

June 5th, 2014

Northern Indiana Commuter Transportation District (NICTD) has partnered with mobile ticketing provider Bytemark to provide travellers on the South Shore Line with a way to purchase and store train tickets on their mobile device. After… More

Groupon lets merchants redeem vouchers via BLE

May 23rd, 2014

Prepaid voucher provider Groupon has launched an iPad-based point-of-sale terminal that uses Bluetooth Low Energy (BLE) to let merchants “instantly recognize their Groupon customers as they enter their business, seamlessly redeem Groupons and save time… More

Standard Bank rolls out mobile payments to 10,000 merchants in South Africa

May 22nd, 2014

Standard Bank, one of South Africa’s largest financial services groups, has launched a service that allows small merchants to accept mobile payments by simply placing a QR code at their point of sale, with no… More

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