Monday , January 22, 2018

Search Results for: visa

Visa CEO Calls Bitcoin “Speculative” and other Digital Transactions News briefs from 1/18/18

Visa Inc. CEO Alfred Kelly told CNBC that Bitcoin currently is a “speculative commodity” and not “a payment-system player.” Visa only will process fiat currency transactions, Kelly said at the National Retail Federation’s annual conference this week in New York. Varo Money Inc. said it raised $45 million in a …

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Visa’s EMV-Only Signature Rule Change May Prompt More Merchant EMV Adoption

Visa Inc.’s announcement Friday that it will make signature authentication optional for EMV contact and contactless transactions in North America starting in April might provide another boost for merchants who have yet to adopt chip-card acceptance, suggests an analyst. Signatures remain a requirement for Visa magnetic stripe-based transactions not subject to …

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Visa Says It, Too, Will Make Signatures Optional for North American EMV POS

Visa Inc. is joining the other three card brands in making signatures optional or many of its transactions beginning in April. The card brand, which had credit card volume of $499 billion and debit volume of $388 billion in its fourth quarter ended Sept. 30, says in a blog post published …

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As Its Rivals Write off Signatures, Visa Stands Alone

Three of the four U.S. general-purpose card networks—American Express Co., Discover Financial Services, and Mastercard Inc.—now plan to cease requiring signatures for point-of-sale transactions made with their cards beginning in April. That leaves Visa Inc. as the sole signature supporter. AmEx on Dec. 11 joined Mastercard, which started the no-signature …

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Some 2.5 Million, Or 55%, of All Merchant Locations Now Accept EMV, Visa Data Shows

Some 55% of all U.S. storefronts were accepting EMV chip cards as of September, according to the latest quarterly data from Visa Inc., released Monday. That comes to more than 2.5 million merchant locations, up 9% from June and 538% from September 2015, when 392,000 locations were accepting chip cards …

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AmEx Says It Will End Its Signature Requirement, Leaving Visa As the Last U.S. Holdout

American Express Co. on Monday became the third of the four major U.S. card brands to announce it will cease requiring signatures for transactions made with its cards at the point of sale beginning in April 2018. AmEx says its rule change applies to all point-of-sale purchase transactions globally, a …

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Visa Creates Business Unit To Develop Opportunities in the Expanding Transit Payments Market

Visa Inc. announced Monday that it has created a business unit dedicated to transit payments. The new unit debuts as public transportation agencies worldwide move away from cash and proprietary magnetic-stripe fare cards and begin accepting mobile wallets and contactless general-purpose credit and debit cards. Dubbed Visa Global Transit Solutions, …

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