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Visa Sued In US Over "Vanilla" Gift Card Scam Known As "Card Draining"
A group of consumers have filed a lawsuit against the Visa card company, claiming that the card payments network did not take adequate measures to prevent the theft of funds from prepaid "Vanilla" gift cards.
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Paytm Launches Card Soundbox That Accepts Both Mobile and Card Payments
One97 Communications, which owns the brand Paytm, on Monday launched its latest innovation – Card Soundbox, which is intended to empower merchants to accept both mobile and card payments across all Visa, Mastercard, American Express and RuPay networks.
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Visa Issues 4 Billion Tokens, Surpassing Its Physical Cards In Circulation
Payment giant Visa Inc has announced that its tokens have surpassed the number of physical cards in circulation. The company has issued more than 4 billion network tokens worldwide through its Visa Token Service (VTS).
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Visa Complains To US Government Over India's Preference To RuPay: Report
Visa has complained to US government that India's "informal and formal" promotion of domestic payments rival RuPay hurts the US giant in a key market
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After The Big Mastercard Ban, What Next? 10-Point Update
A day after the Reserve Bank of India (RBI) barred Mastercard from adding new customers in India from July 22, RBL Bank announced it has signed up Visa Inc for its credit cards. RBI says Mastercard violated rules that require foreign card networks to store India-related payments data only in the country.
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Facebook-Owned WhatsApp Gets Delayed Nod for Payments in Brazil
Brazil's central bank cleared the way for Facebook's WhatsApp messaging service to let its users send each other funds using the Visa and Mastercard card networks, months after vetoing WhatsApp's initial attempt.
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Visa Moves to Allow Payment Settlements Using Cryptocurrency
Visa said it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
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Visa To Allow Payments Using Cryptocurrency, Says "Seeing Demand"
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
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Mastercard, Visa Lose Data War In India, Win In Indonesia With US Help
US trade officials, at the request of card networks Mastercard and Visa, convinced Indonesia late last year to loosen rules governing its new domestic payment network, according to Indonesian government and industry sources, and emails reviewed by Reuters.
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RBI Extends Tokenisation Services To Online Merchants
The Reserve Bank of India (RBI) has said that the ultimate responsibility for the card tokenisation services rendered rests with the authorised card networks. Currently, the central bank allows card payment networks like Visa and MasterCard to use the tokenisation technology in card transactions.
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Visa, Mastercard Losing Out to RuPay and UPI in India: Jaitley
Finance Minister Arun Jaitley spoke about the surging growth of RuPay and Unified Payment Interface (UPI) on the second anniversary of demonetisation.
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Tesco Bank Cyber-Attack Said to Involve 'Guessing Attack' That Can Work Out Visa Card Details
Neither the network nor the banks are able to detect attackers making multiple, invalid attempts to get payment card data, researchers claim.
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Visa to Buy Former Unit in up to $23 Billion Deal
Visa Inc on Monday said it would buy former subsidiary Visa Europe Ltd for up to $23.3 billion in a deal that will give the world's largest payments network a chance to cut costs over the long term and raise fees in the second-biggest card market.
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Card Payment Network RuPay Sees Boost From Government Banking Scheme
Started in 2012 by a company owned by 10 local and foreign banks, RuPay competes with global payment firms Visa Inc and MasterCard Inc for the few customers in Asia's third largest economy able to afford a debit or credit card.
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Apple in Talks to Launch Its Mobile Wallet Service This Year: Report
According to the report describing the service, the user's banking information will be saved in a 'secured element' and will run without any network carrier involvement.
-
Visa Sued In US Over "Vanilla" Gift Card Scam Known As "Card Draining"
A group of consumers have filed a lawsuit against the Visa card company, claiming that the card payments network did not take adequate measures to prevent the theft of funds from prepaid "Vanilla" gift cards.
-
Paytm Launches Card Soundbox That Accepts Both Mobile and Card Payments
One97 Communications, which owns the brand Paytm, on Monday launched its latest innovation – Card Soundbox, which is intended to empower merchants to accept both mobile and card payments across all Visa, Mastercard, American Express and RuPay networks.
-
Visa Issues 4 Billion Tokens, Surpassing Its Physical Cards In Circulation
Payment giant Visa Inc has announced that its tokens have surpassed the number of physical cards in circulation. The company has issued more than 4 billion network tokens worldwide through its Visa Token Service (VTS).
-
Visa Complains To US Government Over India's Preference To RuPay: Report
Visa has complained to US government that India's "informal and formal" promotion of domestic payments rival RuPay hurts the US giant in a key market
-
After The Big Mastercard Ban, What Next? 10-Point Update
A day after the Reserve Bank of India (RBI) barred Mastercard from adding new customers in India from July 22, RBL Bank announced it has signed up Visa Inc for its credit cards. RBI says Mastercard violated rules that require foreign card networks to store India-related payments data only in the country.
-
Facebook-Owned WhatsApp Gets Delayed Nod for Payments in Brazil
Brazil's central bank cleared the way for Facebook's WhatsApp messaging service to let its users send each other funds using the Visa and Mastercard card networks, months after vetoing WhatsApp's initial attempt.
-
Visa Moves to Allow Payment Settlements Using Cryptocurrency
Visa said it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
-
Visa To Allow Payments Using Cryptocurrency, Says "Seeing Demand"
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
-
Mastercard, Visa Lose Data War In India, Win In Indonesia With US Help
US trade officials, at the request of card networks Mastercard and Visa, convinced Indonesia late last year to loosen rules governing its new domestic payment network, according to Indonesian government and industry sources, and emails reviewed by Reuters.
-
RBI Extends Tokenisation Services To Online Merchants
The Reserve Bank of India (RBI) has said that the ultimate responsibility for the card tokenisation services rendered rests with the authorised card networks. Currently, the central bank allows card payment networks like Visa and MasterCard to use the tokenisation technology in card transactions.
-
Visa, Mastercard Losing Out to RuPay and UPI in India: Jaitley
Finance Minister Arun Jaitley spoke about the surging growth of RuPay and Unified Payment Interface (UPI) on the second anniversary of demonetisation.
-
Tesco Bank Cyber-Attack Said to Involve 'Guessing Attack' That Can Work Out Visa Card Details
Neither the network nor the banks are able to detect attackers making multiple, invalid attempts to get payment card data, researchers claim.
-
Visa to Buy Former Unit in up to $23 Billion Deal
Visa Inc on Monday said it would buy former subsidiary Visa Europe Ltd for up to $23.3 billion in a deal that will give the world's largest payments network a chance to cut costs over the long term and raise fees in the second-biggest card market.
-
Card Payment Network RuPay Sees Boost From Government Banking Scheme
Started in 2012 by a company owned by 10 local and foreign banks, RuPay competes with global payment firms Visa Inc and MasterCard Inc for the few customers in Asia's third largest economy able to afford a debit or credit card.
-
Apple in Talks to Launch Its Mobile Wallet Service This Year: Report
According to the report describing the service, the user's banking information will be saved in a 'secured element' and will run without any network carrier involvement.
