Last month it was announced that Visa had made a deal with PayPal, which gave PayPal access to payments via Visa cards at the point of sale, and today it’s finally clear why MasterCard CEO Ajay Banga was confused about the supposed “exclusivity” of the deal—because there isn’t any (unless itRead More
Post Tagged with: "Visa"
It was announced today that Visa Europe Collab, part of Visa Inc, will be partnering with the world’s first publicly listed blockchain company, the BTL Group, in order to test out a proof of concept on running interbank settlements through blockchain. Backed by Visa, which has been exploring the potential applicationsRead More
Bill Gadja, Visa’s senior vice president of innovation and strategic partnerships, has confirmed that he will attend Bank Innovation Israel to speak about payments. Bank Innovation Israel is the leading fintech event in Startup Nation, as Israel is called.
American Express today dispelled market rumors that it would expand its OptBlue program. The program, launched in May 2014, allows merchants who charge less than $1 million a year through American Express, to use one of 18 merchant processors to secure a lower discount rate. Market participants tell Bank InnovationRead More
The two leading providers of realtime bank-based peer-to-peer payments solutions have joined forces. Last week, Fiserv, which operates the P2P solution Popmoney, and Early Wanring, the owner of clearXchange, announced a strategic alliance that connects thousands of banks and millions of bank customers in a realtime money transfer system. Together, FiservRead More
The ubiquity of realtime money transfers in the U.S. took a step forward with yesterday’s news that Visa Direct was partnering with such major players as PayPal, Fiserv, and Square. Fiserv became one of the many companies choosing to partner with Visa for faster and more secure payment services, it wasRead More
Realtime has gone prime time with the addition of Visa and MasterCard to the clearXchange payments network. Today, Early Warning, which owns clearXchange, expanded its realtime payments network by adding both the Mastercard Send and Visa Direct platforms, a move that will allow nearly every U.S. debit card holder to send andRead More
PayPal and Visa jointly announced a deal last week giving PayPal access to Visa payment rails at the point of sale, and giving Visa cards preferential treatment within the PayPal environment. The deal is exclusive for 12 months, Visa CEO Charlie Scharf noted. The world found out yesterday what that exclusivity means for MasterCard:Read More
PayPal‘s partnership with Visa is only the beginning, according to CEO Dan Schulman. The payments industry was awash in rumors of a PayPal-Visa partnership this week, and yesterday, when both companies reporting their Q2 earnings, the rumor was shown to be true. Exact terms of the deal were not disclosed.Read More
When Visa CEO Charlie Scharf said his company would “go after PayPal in ways that people have never seen before,” he apparently meant he was pursuing a partnership. That deal was announced today, and means Visa will get access to PayPal payment processing and Venmo, and essentially become the preferred payment typeRead More