New Visa payment security services help defend against evolving threats. Visa announced a suite of innovative security capabilities to help prevent and disrupt payment fraud, breaking new ground in cybersecurity and fraud prevention. The new payment security services and capabilities help protect the integrity of the payments ecosystem by detecting and disrupting fraud threats targeting…
Visa and MasterCard agree to settle swipe fee class action for $6.2 billion. Visa and MasterCard, along with some top US banks, have agreed to pay as much as $6.2 billion in a class action settlement with US retailers over swipe fees. The settlement ends a 13-year old suit brought by the nation’s leading merchants, which claimed that Visa…
On April 15, 2018, Visa’s new rules on chargebacks, called Visa Claims Resolution or VCR will come into effect. This new program has already gone live in Hong Kong and New Zealand in October 2017. Now these new rules will be migrated to all the remaining countries. It is not clear at this point if…
Visa’s Latest EMV Numbers Say The Card’s Catching On. Remember back in 2015, when the first transitions to the Europay / Mastercard / Visa (EMV) standard started? Remember what an absolute firestorm of confusion and resentment it was from small shops who didn’t want to buy huge new quantities of hardware just to keep from…