Recently, the Visa high-risk fee for registration was raised, affecting the bottom line of merchants considered high-risk. In a landscape where payment processing fees are substantial, merchants must proactively tackle these challenges to protect their profits. This blog post highlights the updated Visa Integrity Risk Program (VIRP), which will soon introduce new high-risk tiers and […]
Visa Raises High-Risk Registration Fee Read More »
Visa has published the Biannual Threats Report for Fall 2023. It highlights emerging frauds and scams that threaten the economy on a global scale. The report suggests a significant increase in phishing scams, now backed by generative AI tools. This Visa report also points out an uptick in enumeration and ransomware incidents. Additionally, it outlines
Visa Report Highlights Scams Proliferating in 2024 Read More »
March 26th marked a significant day for the merchants as Visa and MasterCard reached a landmark agreement involving nearly a $30 billion settlement. This settlement aims to significantly lower merchants’ credit and debit card transaction costs by reducing US credit card interchange rates, commonly called swipe fees, for a minimum of five years. Should this
Visa and MasterCard Reach Agreement to Put a Cap on Swipe Fees in a Settlement Read More »
Visa Commercial Pay recently unveiled new digital wallet capabilities, allowing financial institutions to combine Visa virtual corporate cards into employees’ digital wallets like Google Pay and Apple Pay. The advanced feature of Visa Commercial Pay Mobile is the commercial token accounts, a secure method that replaces payment information with a unique set of characters. These
Visa Virtual Corporate Cards Integration with Digital Wallets Read More »
Visa, the largest global payment system, is making changes to its approach towards surcharges in order to be more stringent towards merchants who impose additional fees on customers using credit cards. In recent months, Visa has reduced the amount that retailers can charge customers when they use Visa cards. Additionally, the company has started conducting
Visa Cracks Down On Businesses Using Surcharge Programs Read More »
On Tuesday, card giant Visa Inc. announced that it exceeded expectations for fourth quarter profits. Dеspitе concеrns about an imminеnt еconomic slowdown and thе rising cost of living the results were solely based on the consumers embracing a post-pandеmic travеl rеbound. According to Visa’s CFO, Chris Suh, the recovery of inbound travel in the U.S.
Visa Q4 Earnings Surpass Expectations, Driven by Cross-Border Payment Volume Read More »
Visa has recently announced updates to its surcharge rules for merchants operating in the US and Canada. Effective as of April 15, 2023, merchants in these two countries will now be subject to updated terms related to credit card surcharging. In this article, we will explore these new surcharge rules by Visa and related updates
Updates to Surcharge Rules By Visa in the US and Canada as of April 15, 2023 Read More »
As we near the one-year anniversary of the pandemic, it’s apparent that the latest payment trends that took place at swift speeds are here to stay. The most common changes businesses are implementing include contactless payments, ‘buy now, pay later’ options, and increased security protection. In short, small and micro businesses need to cater to
COVID-19 Payment Trends Are Here to Stay, Says Visa Read More »
Visa has an ambition to improve the world and minimize its environmental impact. Thus, they are collaborating with the CPI Card Group to produce ‘Earthwise High Content Card’ for Visa cardholders. The credit card, made of 98% upcycled plastic, would enable both contactless and contact payments. Besides this, the aim is to make cards EMV compliant with dual-interface
Visa Looks to Make Plastic Cards Sustainable Read More »
In a not at all surprising turn of events, Kroger has decided to cease their ban on Visa payments across all of their 130 Smith’s Food & Drug stores. Why the Ban? Earlier this year, after slamming Visa’s transaction fees, Kroger decided to take action against Visa. Saying that they’ll “drive up food prices for
Kroger Will Begin Taking Visa Payments Again Read More »
As the debate in the United States rages on over gun laws, some companies have been taking sides by choosing to take action. Visa, however, is one company that has refused to wade into the political fray. Instead, it has opted to continue along doing business as it has been in regards to mobile payments.
Visa Continues To Support Mobile Gun Purchases Read More »
In April, credit card signatures will become a thing of the past. American Express, Discover, Visa, and Mastercard have all announced they will end the signature requirement for in-store credit card machine purchases. For Discover, Mastercard, and American Express, the end date was April 13. Visa will end the signature requirement later in the month.
The End of Required Credit Card Signatures Read More »
It looks like Visa wants to kill cash transactions. The credit card company announced last week that they are spending $500,000 to get restaurants to move completely cashless. They say they will give $10k to each of 50 “qualifying restaurants, eateries, cafes, and food trucks” as an incentive to make the transition. The gift
Visa Goes to War Against Cash Read More »