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visa - News, Features, and Slideshows
An open industry alliance of 150 members that includes many of the world's biggest vendors -- but notably, not Apple -- released specifications Tuesday that promise to secure online communications without using passwords.
Chip-and-PIN payment cards have a strong supporter in the hotbed of payment technologies, with San Francisco's district attorney promoting the new technology as a way to cut down on fraud.
U.S. consumers have eschewed in-store mobile payments for years, but Apple Pay is making headway in that area just a month after the service launched Oct. 20.
Visa's contactless payment cards will approve very large transactions in currencies other than the British pound due to a flaw in a protocol, U.K. researchers contend.
It's been around only a week, but Apple Pay is already making waves in the mobile payments field. On Monday, major drugstore chain CVS joined rival Rite Aid in disabling the NFC (near-field communication) payment function on in-store terminals.
The data breach disclosed by Supervalu is another reminder about why the ongoing migration of the US payment system to smartcard technology can't happen fast enough.
Migrating U.S. payment systems to the Europay MasterCard Visa (EMV) smartcard standard could take significantly longer than envisioned and offer fewer security benefits than what's being touted by proponents of the technology.
Genesco, a specialty retailer of footwear, sports apparel and related accessories has sued Visa USA for $13.3 million in fines that were assessed against the company after a credit card data breach in 2010.
Visa and NeuStar have joined forces and formed an alliance that it hopes will help accelerate the adoption of mobile financial services globally, they said on Tuesday.
Visa is looking for a few good people to run its next-generation data centers.
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