International Travelers to Brazil Spent $27M on Visa Accounts During Opening Weekend of 2014 FIFA World Cup Brazil

Posted on by wademinnie | 2812 Views | 9 min read

Visa Inc. has released the Visa Everywhere Travel Report for the 2014 FIFA World Cup Brazil, which analyzes travel data and cross border spend on all Visa products, including credit, debit and prepaid payment cards. During the four-day opening period of the tournament (June 12 – June 15, 2014), Visa found that international visitors spent more than US$27M

TSYS Recognized for Outstanding Service Quality

Posted on by wademinnie | 6063 Views | 7 min read

TSYS has announced that it was honored by Visa for superior service quality in the area of issuer processing authorizations. TSYS received two 2013 Visa Service Quality Performance Awards for lowest assured transaction rate and lowest transaction response time. TSYS has been the recipient of Visa Service Quality Performance Awards multiple times over the past

Visa Elevates Prepaid Cards to New Level of Simplicity, Protections and Opportunity

Posted on by wademinnie | 6100 Views | 18 min read

Visa Inc. has announced a new designation for consumer reloadable prepaid products in the US, aimed at simplifying fees, improving consumer protections and creating opportunities for cardholders to improve their financial health. The designation was developed in conjunction with industry thought leaders the Center for Financial Services Innovation (CFSI) and The Pew Charitable Trusts. “Consumers

Visa Inc. Reports Fiscal Second Quarter 2014 Net Income of $1.6 Billion

Posted on by wademinnie | 5713 Views | 16 min read

Visa Inc. has announced financial results for the Company’s fiscal second quarter 2014. Net income for the quarter was $1.6 billion, an increase of 26% over the prior year, or $2.52 per share, an increase of 31% over the prior year. These results include a tax benefit of $218 million of which $201 million relates

Visa Inc. Announces General Counsel Succession Plan

Posted on by wademinnie | 9066 Views | 15 min read

Visa Inc. has announced that Kelly Mahon Tullier will join the company as Executive Vice President and Deputy General Counsel, effective June 16. She will also serve as a member of the company’s Executive Committee. Ms. Tullier will transition to the role of Executive Vice President and General Counsel on October 1, 2014. She joins

VeriFone Mobile Payment Solutions Are Visa Ready

Posted on by wademinnie | 9694 Views | 7 min read

VeriFone Systems, Inc. has announced that five devices in its award-winning PAYware Mobile line of EMV- enabled mobile point of sale (mPOS) devices have been approved by the Visa Ready Program. The program is designed to ensure that devices, software and solutions used to initiate or accept Visa payments are compatible with Visa’s requirements. By

FIS Fosters US EMV Adoption with Visa Agreement

Posted on by wademinnie | 7980 Views | 9 min read

FIS a provider of banking and payments technology, and its NYCE Payments Network has announced a licensing agreement to make the Visa EMV debit solution available to all NYCE participants. This agreement furthers the U.S. payments industry goal of EMV adoption and is NYCE’s first formal EMV license, which can be used by NYCE Network

Visa and Pulse Agree on EMV Common Debit Solution

Posted on by wademinnie | 9606 Views | 9 min read

Visa Inc. and PULSE, a Discover Financial Services company, announced an agreement to enable financial institutions that issue EMV debit cards on both the Visa and PULSE networks to use Visa’s common debit solution. Visa’s common application identifier (AID) supports U.S. debit regulations requiring the ability to route transactions over multiple, unaffiliated networks. A common

Fiserv to Advance Debit EMN Adoption in the US through Visa’s Common Solution

Posted on by wademinnie | 9541 Views | 6 min read

Fiserv, Inc., a provider of financial services technology solutions, has announced an agreement to make Visa’s common debit EMV solution available for the Accel debit network. Under the agreement, Fiserv will adopt Visa’s common debit solution offering issuers, acquirers and merchants a simple, streamlined approach for debit EMV adoption. The agreement will help enable the

NRF Says PIN Essential on New Credit and Debit Cards

Posted on by wademinnie | 6006 Views | 6 min read

The National Retail Federation issued the following statement from Senior Vice President and General Counsel Mallory Duncan in response to the announcement by Visa and MasterCard of the formation of a new cross-industry group focused on enhancing payment system security: “We remain insistent that U.S. retailers’ customers be given the same protections as consumers in