Latest Visa News: Finextra Research

Brief: CEPS technology validation project underway

Banksys, Europay International, Interpay, Proton World, Sermepa, Sistema 4B, Visa International and Cartes Bancaires have started work on "Ducato", the partnership project to implement and validate e-purses based on CEPS (Common Electronic Purse Specifications) technology.

17 April 2001

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Australian central bank to crack down on card schemes

The Reserve Bank of Australia is to take on oversight of the Bankcard, Mastercard and Visa credit card schemes in a move which is likely to see a reduction in interchange fees and a review of membership rules.

12 April 2001

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Visa carries out first international chip-based ATM transaction

The first transatlantic smart card-based cash dispensing transaction has been successfully carried out with a Visa card at a Den Danske Bank ATM. Denmark has now become the first country in the Visa EU region to implement EMV chip technology in cash machines for international cardholders.

11 April 2001

/retail

nCipher wins Visa backing for secure application tools

Visa USA has qualified nCipher's Secure Execution Engine and nShield hardware security modules for use within its smart access chip card conversion programme.

10 April 2001

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Smart card uptake accelerating says Visa

The number of bank-issue Visa smart cards in circulation has almost doubled in two years to reach 42 million worldwide, according to figures released by the international payments organisation.

22 March 2001

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Oberthur acquires Spanish bank card leader

Oberthur Card Systems has acquired Logica Impresora, currently ranked number one in the manufacturing and personalisation of banking cards in Spain and number nine worldwide in the shipment of Visa and MasterCard cards.

16 March 2001

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Visa USA launches corporate chip card

Visa USA has launched its first chip card for corporate purchasing. The smart Visa Business card is to be targeted at small business owners and is being issued initially by FleetBoston Financial.

06 March 2001

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The ai Corp wins Visa backing

UK-based The ai Corporation has been named as a preferred risk management software supplier to European banks affiliated to the Visa card scheme.

05 March 2001

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Visa adds sound and vision to online payments

Visa is to bring sound and vision to the e-payments markets with the introduction of an animated logo and audible signal every time a Visa product is used in an online transaction.

22 December 2000

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NCR joins Visa Smart programme

NCR has joined the Visa Smart Partner 2000 programme and introduced a package of measures intended to boost bank migration from magnetic stripe cards to chip-based EMV debit and credit cards.

30 November 2000

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E-procurement hampered by paper payments

Business-to-business electronic procurement systems may be growing in importance, yet paper cheques remain the most common form of payment according to a survey conducted on behalf of Visa USA at the National Association of Purchasing Management (NAPM) conference in New Orleans, LA earlier this year.

28 November 2000

/retail

Visa confronts threat from hackers

Visa USA is to use technology supplied by Internet Security Systems to test merchant and Internet Service provider conformance with its 'hacker-repellent' Electronic Compliance Monitoring (ECM) programme.

03 November 2000

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