visa
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DOJ Investigating Visa’s Debit Card Practices
The Wall Street Journal has published a report today saying that the Justice Department has opened an investigation into Visa’s debit card business and possible anticompetitive practices. Visa shares dropped 4.54% after the report.
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Visa and Mastercard Postpone Swipe Fee Increases
The higher fees will apply only to “some” undefined purchases WSJ reports, including “small supermarkets” and “restaurants,” but the categories of spending affected are also expected to include “many online transactions.”
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How Visa, Mastercard, American Express and Discover Differ Plus Acceptance and Best Offers
If you take a credit card out of your wallet right now, most likely it will have the logo of one of the four major credit card processors. Those are Visa, Mastercard, American Express and Discover.
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Visa ‘Tap to Phone’ Coming to U.S. in 2021 (Video)
Sellers download an app, supported by their acquirer, and after registering and selecting their participating bank, the sellers can start accepting contactless payments in just a few minutes. Buyers just tap their Visa cards to the merchants’ phone to complete the transaction.
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Roundup: Don’t Put Novelty Stamps on Passport, Special Offers, New Digital Checkout Experience and More
Why you should never put novelty souvenir stamps on your passport, how credit card companies select you for special offers, a new digital checkout experience powered by Amex, Discover, Mastercard and Visa, Americans paying an extra $577 annually in fees and other expenses, and The Maldives is now open to all global tourists.
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List of Merchant Category Codes (MCC) for Visa and Mastercard
Merchant Category Codes (MCCs) are used to identify the type of business in which a merchant is engaged. Most of the time MCC identifies a business correctly but there are always some outliers, especially when it comes to small businesses.
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Visa Making Big Changes to U.S. Swipe Fees
Visa is planning the biggest changes in a decade to the rates U.S. merchants pay to accept its cards, Bloomberg reports. The move is aimed at attracting more people to use credit cards for purchases.
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Visa Infinite Business Products Coming Soon
Visa today announced Visa Infinite Business, an expansion of its business card product suite in the United States. Visa already offers personal Infinite cards.
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Major Card Companies Launch ‘Click to Pay’ for Simple and Secure Checkout
The four big credit card payment networks, American Express, Discover, Mastercard and Visa, rolled out today a new click-to-pay technology that simplifies the purchase process.
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Visa and Mastercard Reach Deal with European Union to Reduce Interchange Fees
Visa and Mastercard have reached a deal with the European Commission to cut inter-regional interchange currency fees. This is the latest concession from the two credit card networks in a long-running antitrust battle with the European Union. Retailers will be charged about 40% less on purchases made in the European Economic Area using Mastercard, Maestro,…
