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Card Spending Up Despite End Of Unemployment Benefits- Visa Inc (NYSE:V)

Visa Inc (NYSE:V) has reported an overall increase in spending on its cards in the U.S the months of July and August even after the termination of the unemployment benefits. Visa says it reported a 26% increase in debit card spending in July and 24% increase in August compared to last year. This is according […]

Visa Inc (NYSE:V) Vs. Mastercard Inc (NYSE:MA) Continue To Dominate The Card Payment Industry

Four major companies dominate the electronic payments industry- Visa Inc (NYSE:V), Mastercard Inc (NYSE:MA), American Express Company (NYSE:AXP), and Discover Financial Services (NYSE:DFS). Jointly, the companies handle the largest number of card transactions in the world. As opposed to other companies that extend credit to then client, Visa and MasterCard are unique cases as they do […]

Visa Inc. (NYSE:V) Puts Off US Interchange Fee Changes Until Next Year Because Of COVID-19

Visa Inc. (NYSE:V) has announced that it will delay expected US interchange changes and fees up to April next year. The company has cited disruptions due to the coronavirus pandemic for the postponement of the changes. Similarly, the company has confirmed a six-month delay of the EMV liability shift for gas owners for them to […]

Amazon.com Inc. (NASDAQ:AMZN) Is Building A Hand-Scanning Payment Service

Amazon.com Inc. (NASDAQ:AMZN) is reportedly working on checkout terminals that will allow customers to pay using their palms through connection to their credit cards. According to people familiar with the issue, customers will be able to scan their palms to pay for purchases in physical stores. Amazon piloting payment using hand scan at its Amazon […]

Visa Inc (NYSE:V) Spends $5.3 Billion To Acquire Silicon Valley Start-up – Plaid

Visa Inc (NYSE:V) spends $5.3 billion to take over the Silicon Valley Start-up – Plaid. It is roughly double to that of the private valuation of Plaid. API Software of Plaid, aka plumbing, is behind the fintech companies. It allows the start-ups to connect with the bank accounts of users. Some of the Plaid customers […]

Cybercriminals Steal Data From Visa Inc (NYSE:V)’s Credit Or Debit Cards At Gas Pumps: Visa Advises Caution To Its Customers

Visa Inc (NYSE:V) issued a warning to its customers because cybercriminals target transactions at Gas Pumps to steal credit or debit card data. According to a communiqué from Visa, the cyber groups carried out a sophisticated attack at two fuel dispenser merchants in North America. Gas Pumps are attractive targets for hackers. Different from skimming […]

Visa Inc. (NYSE:V) Leading A $40 Million Funding Round For Crypto Startup Anchorage

Visa Inc. (NYSE:V) has made a second investment in the cryptocurrency industry after the payment processor put millions of dollars in a startup called Anchorage during the startup’s new funding round. Visa investment in Anchorage Anchorage secures digital assets for institutional investors in that rather than using passwords that can be hacked the startup requires […]

Former Visa Inc (NYSE:V) Managing Director Kevin Jenkins Joins Blockchain Payments & Identity Brand Nuggets

The former managing director of Visa Inc (NYSE:V), Kevin Jenkins has joined the blockchain payments and identity brand Nuggets. This new development is expected to give a major boost to the expansion plans of the company. As per the report, Nuggets wants to team up with financial institutions in Europe and other parts of the […]

Apple Inc. (NASDAQ:AAPL) Pushing For Secure Data Transfer after Unveiling Apple Pay

Boston, MA 09/16/2014 (wallstreetpr) – Apple Inc. (NASDAQ:AAPL)‘s focus has shifted to improving security of applications as well as transactions and cryptography, having become an official member of GlobalPlatform. Apple joins the group having unveiled mobile money transfer platform, Apple Pay.  GlobalPlatform Goal GlobalPlatform remains focused on the development of networks and infrastructure that ensure […]

This Is Why Target Corporation (NYSE:TGT) Fears For Its Wallet

Boston, MA 06/03/2014 (wallstreetpr) – In the recent months, Target Corporation (NYSE:TGT) has come to known for the massive data breach that impacted its system during the holiday shopping season. However, more than a negative reputation that the cyber-attack has brought to Target, the company is also worried of possible claims from affected customers. The […]

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