Latest Visa News: Finextra Research

Visa introduces security standard for mobile commerce

Visa International has introduced a new specification for safeguarding Internet payments conducted over mobile phones.

19 September 2001

Visa USA operations statement

In the wake of yesterday's events in New York, Pennsylvania, and Washington D.C., Visa USA has received numerous inquiries regarding the status of our operations. We would like to assure our cardholders, merchants and member financial institutions that our processing systems and security measures are fully operational.

13 September 2001

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Visa verification programme gains momentum

Visa USA is reporting a growing number of merchants, financial institutions and e-commerce service providers signing up to its Internet payment authentication process, 'Verified by Visa'.

28 August 2001

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Visanet Brasil makes $7 million investment in national chip infrastructure

Visanet Brasil, the Latin American card processor owned by Visa and large Brazillian banks, has placed a $7 million order with Hypercom for the installation of smart card readers on point-of-sale terminals nationwide.

22 August 2001

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Visa cleared in landmark EC anti-trust ruling

In a landmark anti-trust verdict for the international payment cards industry, the European Commission has given the all-clear to key provisions of the Visa card scheme, in particular the so-called 'no discrimination' rule and modified rules on cross-border services and interchange fees.

10 August 2001

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Visa launches low-cost smart card

Visa International and semi-conductor specialist STMicroelectronics have launched a new smart card that will cost less than one US dollar.

31 July 2001

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US financial institutions adopt Visa payroll card

Visa USA has launched a new payroll option that gives companies the ability to use prepaid card technology to replace the costly and often time-consuming paper pay-cheque process.

25 July 2001

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Visa and ANZ to introduce chip technology to Australasia

Australian bank ANZ and Visa have launched a multi-year partnership programme to convert ANZ's credit card technology to chip and launch a new secure Internet shopping system.

24 July 2001

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Visa gets physical with first smart-chip payment transaction

The first US credit card payment via smart chip technology has been generated in the physical world with the Providian Smart Visa card.

23 July 2001

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Visa approves smart payment card from SchlumbergerSema

Credit expert Visa International has given level 3 approval to Palmera Protect, a Java-based smart payment card from IT services company SchlumbergerSema. Level 3 approval means that the card is considered to have high levels of transaction security and flexibility in deploying services to multiple channels.

17 July 2001

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Visa Canada to roll out secure Internet payment programme

Canadian banks and online merchants are to institute a national pilot of Visa's Authenticated Payment Programme for securing Internet consumer payment transactions.

03 July 2001

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Bank of America establishes global card network

Bank of America has entered a partnership with Visa International to provide its multinational corporate customers with a single point of contact for global credit card services.

03 July 2001

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