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Visa

News stories featuring Visa:

Visa Europe expands on customised tokenization plans, will go live mid-April

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… More

Pizza Hut could let customers order and pay for pizza from their cars

March 4th, 2015

Pizza Hut is testing a proof-of-concept “connected car” system that would let its customers order and pay for pizza from their vehicle before identifying themselves when arriving at the restaurant through Bluetooth beacons placed in… More

SpotMe app lets Android users spend Apple Pay cash

March 3rd, 2015

Android users can spend their iPhone-owning friends’ money using a new app that can capture NFC payment transaction tokens from other devices and hold onto them before spending them later. More

Oberthur’s Pearl SE embedded in Galaxy S6

March 2nd, 2015

Samsung’s new flagship handsets, the Galaxy S6 and Galaxy S6 Edge, include an embedded secure element (eSE) from Oberthur Technologies. The Pearl eSE is a multi-application NFC secure element that is certified by Visa, MasterCard and American Express. Incorporating the chip allows easy MNO-independent deployment of secure contactless payment, strong authentication, transit, access and loyalty applications.

Samsung unveils Galaxy S6 with NFC and LoopPay mobile payments

March 1st, 2015

Owners of Samsung’s new Galaxy S6 flagship phone will be able to make mobile payments at merchants equipped with both legacy magnetic stripe card terminals and those with contactless POS terminals, Samsung boss JK Shin… More

Fibank to launch HCE mobile payments

February 27th, 2015

Bulgaria’s First Investment Bank is joining forces with MeaWallet to provide the bank’s customers with a mobile payments service which uses cloud-based security and host card emulation (HCE) technology. The service will work at all outlets that accept MasterCard PayPass and Visa PayWave payments and is due to launch later this year.

Chase discusses Apple Pay and its own mobile wallet plans

February 26th, 2015

More than a million JPMorgan Chase cards have now been activated for use on Apple Pay since the mobile payment service launched last year, the bank has revealed, and 69% of the activated cards are credit cards…. More

Visa Europe to introduce customized token platform

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… More

Australia to get Visa tokens in 2015

February 24th, 2015

Australia is to become the second country after the US in which Visa Inc will roll out tokenization. The move follows news that three in five (60.4%) face-to-face Visa transactions in Australia are now contactless — compared to 14% in Canada and 21% in Singapore — and 53% of consumers are now interested in mobile payments. “2015 is posed to be the tipping point for mobile payments,” says Visa’s Stephen Karpin.

Berg Insight reports on NFC POS terminal growth

February 24th, 2015

An estimated 9.5m NFC-ready point-of-sale (POS) terminals were shipped worldwide in 2014, research from Berg Insight has revealed, and the company forecasts that the global installed base of NFC-ready POS terminals will grow at a… More

Visa sets out tokenization expansion plans

February 13th, 2015

Visa is to expand its Visa Token Service to more regions, to a range of mobile devices and to online transactions made using its Visa Checkout service in 2015, the payments network has announced, “helping to… More

Visa adds mobile location checking

February 13th, 2015

Visa has launched Visa Mobile Location Confirmation, a service that works through a participating bank’s mobile banking app to determine whether a payment request is legitimate or not by matching a phone’s location to the location of a payment transaction. The technology used in the service has been developed by Finsphere and takes less than a millisecond to perform the matching process.

Visa Europe to invest in digital payments

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.”

MasterCard moves towards MasterPass tokenization

February 3rd, 2015

MasterCard is to incorporate tokenization technology into its MasterPass digital wallet in the near future, CEO Ajay Banga has told analysts during the payment network’s 2014 year end earnings call. “We are very focused on… More

Visa CEO discusses Apple Pay and tokenization rollouts

February 3rd, 2015

“We continue to see good success with Apple Pay,” Visa CEO Charlie Scharf has told investors during the company’s first quarter earnings call. “On our tokenization efforts, we are very actively working with issuers in… More

Cachet adds prepaid cards to Apple Pay

January 28th, 2015

Prepaid card issuers using Cachet Financial Solutions’ Select Mobile Money white label platform can now offer their customers a way to charge Apple Pay transactions to their prepaid account balance, the company has announced. “iPhone… More

Apple CEO says 2015 will be the “year of Apple Pay”

January 28th, 2015

Apple Pay now accounts for more than two-thirds of Visa, MasterCard and American Express contactless payments by value across the US, Apple CEO Tim Cook has revealed during a first quarter earnings call. Some 750… More

Taiwanese banks to use Wave NFC dongle

January 23rd, 2015

Taiwan Mobile Payment Co (TWMP), the consortium of regional banks bringing NFC payments to market in Taiwan, is to use Oti Wave, the NFC payment dongle developed by On Track Innovations. TWMP was formed in July 2014 by three Taiwanese banking groups and has since signed up 27 banks to use its NFC hub to connect with local carriers. Oti Wave, unveiled in 2012, is certified by Visa and MasterCard, and has also been adopted by Hong Kong ATM network JetCo. The device has also been tested by a major US bank.

RBC adds HCE to mobile payments app

December 19th, 2014

Royal Bank of Canada (RBC) has added support for host card emulation (HCE) to its RBC mobile app, “allowing Canadians to pay with most Android mobile phones without worrying about being on the right mobile… More

Credit unions to adopt Apple Pay

December 2nd, 2014

A number of US credit unions are actively working towards adopting Apple Pay NFC payments, credit union technology provider Co-op Financial Services has revealed. The company says it is now a Visa “engaged issuer processor”, making it authorised to service the enrolment of credit unions in the mobile payment offering, and “already has credit unions in the implementation validation process at Visa and MasterCard” with several now in the final stages of testing.

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