Visa launches its first cryptocurrency cards in Latin America

The payments giant Visa has launched its first crypto cards in the Latin America region – and will debut its new products in Brazil and Argentina via a number of new partner firms. According to Expansión, Visa has “announced an alliance” with various fintech companies and IT startups in Brazil and Argentina that will let “users make transactions” with Visa cards – and receive crypto cashbacks every time they spend. In […]

Visa partners with ConsenSys to help bridge CBDC networks with existing payment rails. „We expect to start doing it later this spring.”

Visa is partnering with ConsenSys, a blockchain technology company, to develop new infrastructure that can help central banks and traditional financial institutions come together and build services on top of CBDC (central bank digital currency) networks. As central banks around the world dig deeper into central bank digital currency (CBDC), questions on adoption and usability are top of mind. Once you’ve built the technology to power CBDC, how do you […]

Visa’s response to PSD2. The card giant to acquire European open banking platform Tink for 1.8 billion Euros.

Visa today announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions, fintechs and merchants to build tailored financial management tools, products and services for European consumers and businesses based on their financial data. Visa will pay total financial consideration of 1.8 billion Euros, inclusive of cash and retention incentives, to acquire Tink. Through a single API, Tink allows its customers […]

Joint industry letter on PSD2-SCA implementation for cards. European Banking Federation, Visa and Mastercard recommend EBA an additional timeframe of 18 months.

European Payment Institutions Federation (EPIF), European Association of Payments Service Providers For Merchants (EPSM), European Banking Federation (EBF), European Hotel Forum (EHF), Ecommerce Europe, EuroCommerce, Visa and Mastercard, has taken the lead on a further joint industry letter to the EBA on SCA Implementation. The organisations jointly share the goal of a harmonised EU implementation of SCA. In a first instance they have therefore called on the EBA to use […]

Samsung announced SoftPOS – a solution that turns smartphones and tablets into a contactless payment terminal. The first pilot will take place in Poland.

SoftPOS enables Samsung mobile devices to be used for contactless transactions for any amount with no additional equipment. First Data, now part of Fiserv, a leading global provider of payments and financial services technology solutions, together with Visa, a global leader in digital payments, and Samsung Electronics, will showcase the company’s new Software Point of Sale (SoftPOS) solution during IFA 2019. IFA is Europe’s largest technology fair and the leading […]