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Authors

Curtis Arnold
Curtis Arnold, Editor-in-Chief
Joe Taylor
Joe Taylor Jr., Reporter
Amber Stubbs
Amber Stubbs, Managing Editor

Visa

  • Americans planning to spend more on overseas vacations, study says

    Boosted by an improving economy and pent-up wanderlust, American tourists plan on spending up to 40 percent more on their next international trips. This figure comes from the Global Travel Intentions Study 2013, commissioned by Visa, which also reports that 81 percent of U.S. travelers prefer to use credit cards when traveling overseas. Mexico and [...]

  • Visa and MasterCard square off against retailers over swipe fee settlement

    The last-minute collapse of a legal settlement between retailers and payment platform operators could set the stage for a new showdown over credit card processing fees. Shortly before the Memorial Day weekend, a group of major retailers opted out of the antitrust settlement first proposed by Visa and MasterCard during the summer of 2012. In [...]

  • Visa research finds low emergency funds across income levels

    More than two-thirds of Americans lack the cash to survive for more than three months after an unexpected illness or job loss, according to research commissioned by Visa Inc. and Kiplinger's Personal Finance Magazine. The companies unveiled the results of the 2012 Global Financial Literacy Barometer at an annual financial literacy summit sponsored by Visa [...]

  • Visa credit card processing slowed April 1 due to system upgrade

    A "systems upgrade," not another data breach, caused registers to decline or delay Visa transactions on April Fool's Day, according to news reports. For about 45 minutes on the afternoon of April 1, shoppers throughout the United States reported problems using Visa credit cards to complete their purchases. Some payments that had been initially declined [...]

  • Visa tracks dip in Valentine's Day spending

    A modest dip in average spending for Valentine's Day gifts will put more pressure on American men, according to a survey commissioned by Visa Inc. Whether it's a ripple effect from a better-than-expected Christmas season or simply a return to traditional expectations, women in Visa's survey told researchers that they expected to spend less this [...]

  • Visa plans next-gen NFC credit card payments for 2012 Olympics

    Credit card issuers, payment platforms and technology vendors are racing to ensure the London Olympics become the launchpad for next-generation, contactless payment technology. According to a Deutsche Welle report, Visa's sponsorship of the 2012 summer games will help drive faster adoption of near field communication technology that most analysts predict wouldn't become widespread until 2014. Visa [...]

  • US Bank unveils REI Visa credit card app

    Impulse purchases just got a little easier, at least at one major retailer. U.S. Bank has released an iPhone app that allows shoppers to apply for a credit card anywhere and get instant approval for their purchases. The company is launching its app with outdoor clothing and sporting goods retailer REI, a current credit card [...]

  • EMV chip technology coming to a credit card near you

    Starting this month, overseas business travelers who carry Citi corporate credit cards can breathe a little easier when making purchases. And back in the States, regular Joe consumers may soon find themselves inserting instead of swiping their credit cards. Both these changes are thanks to a burgeoning EMV chip technology, which is about to get [...]

  • Visa launches EMV chip incentives to US merchants

    Contactless credit cards and EMV chip transactions may become far more common in the United States after a year-long initiative announced this month by global payments technology planners at Visa Inc. Company spokesperson Jim McCarthy released a statement to reporters, outlining steps his company planned to speed adoption of EMV chip technology already in widespread [...]

  • Visa, MasterCard settle anti-steering lawsuit, AmEx continues the battle

    Visa and MasterCard may have put "steering" challenges behind them, but American Express continues to fight merchants for access to consumer purchases at the checkout lines. According to a Wall Street Journal report, Visa and MasterCard settled government allegations of unfair practices related to retail debit and credit card processing rules. Although company officials and [...]

  • U.S. Bank FlexPerks Travel Rewards Visa fits all payment technologies

    U.S. Bank is poised to release a new "dual interface" card that will facilitate simpler payments for American travelers everywhere in the world. On June 10, U.S. Bank announced its plan to offer customers the advanced US Bank FlexPerks Travel Rewards Visa card, in partnership with Oberthur Technologies and Visa. This new, high-tech credit card offers [...]

  • Amazon enables "shop with points" checkout feature for its rewards credit card

    Chase's partnership with Internet retailer Amazon.com means good news for online bargain hunters. Both companies announced updates to the Amazon.com Rewards Visa Card that enable cardholders to easily earn and redeem reward points on the merchant's website. The "shop with points" function on Amazon's checkout pages now allows customers to pay for all or part of [...]

  • Visa launches text-message discounts for Gap customers

    Credit card giant Visa has partnered with Gap to provide customers with a new loyalty program offering immediate discounts and savings at Gap clothing stores to Visa credit card holders. The program, dubbed "Gap Mobile 4U," has reportedly been in testing since late 2010, and represents the first of perhaps many new partnered discounts that [...]

  • Visa, CashEdge announce P2P payment agreement

    Visa and CashEdge have teamed up to launch a new advancement in the world of money wiring, according to a March 16 report on PR Newswire. All a customer needs is an Internet connection with a bank account on one end and a Visa prepaid, debit or credit card on the other, anywhere in the world. [...]

  • Visa tells banks to anticipate two-tier fee structure for credit card interchange fees

    Officials from Visa revealed plans to manage two tiers of interchange fees, bringing costs for its debit and credit card platform into compliance with new government regulations. Company representatives held conference calls and webinars early this month with banks and credit unions potentially affected by the change. The Dodd-Frank Wall Street Reform and Consumer Protection Act, [...]

  • U.S. Bank converts iPhones and Android phones into Visa cards

    U.S. Bank joined the ranks of credit card issuers offering to turn cardholders' mobile phones into wireless payment devices, announcing new services for iPhone and Android phone users. Through a pilot program parnership with Visa, DeviceFidelity, FIS, and Monitise, the company has launched contactless payment solutions on the In2Pay platform. In2Pay technology mimics the signal [...]

  • American Express and Visa Team Up for Enhanced Online Credit Card Security

    American Express officials announced the launch of SafeKey, an online security service that helps prevent fraudulent e-commerce transactions. The service may seem familiar to Visa cardholders, since it uses the same "3-D Secure" technology the powers the popular "Verified by Visa" online security service. 3-D Secure verifies a credit card user's identity by confirming personal [...]

  • Chase Eliminates Foreign Transaction Fee on New BA Visa Signature Card

    Chase joins the small list of banks offering credit cards with no foreign transaction fees for purchases made abroad. The British Airways Visa Signature Card from Chase offers plenty of reward options for frequent international travelers, but company officials admit that an instant savings on every purchase may become the new card's most attractive benefit.Most [...]

  • Visa Infinite credit cards key to movie star treatment in Toronto

    Visa Infinite cardholders will enjoy access to special venues and entertainment experiences at the 2010 Toronto International Film Festival. Visa company officials announced that at least eight box seats will be reserved for Visa Infinite cardholders at some of the festival's hottest events, including screenings of new films by Ben Affleck and Paul Giamatti.The Visa [...]

  • M&T Relaunching Visa Credit Cards Once Outsourced to MBNA

    Customers of M&T Bank can prepare to see a flurry of marketing material in their mailboxes this summer, as the bank relaunches its own in-house credit card programs. For the last twelve years, M&T outsourced its credit card lending operations to what was then the white label services division of MBNA. Even after that company [...]

  • Sheetz Launches Platinum Visa Rewards Credit Card

    Pennsylvania-based convenience store Sheetz, known for its made-to-order sandwiches, has partnered with a major bank to offer what company officials call the first "made-to-order" credit card. First National Bank of Omaha (FNBO) will issue the Sheetz Platinum Edition Visa card, backed by significant promotional efforts in over 350 retail locations throughout the eastern United States.During [...]

  • Target Discontinues Visa Credit Card

    Target credit cards will stop carrying the Visa logo after April. In a statement released to the Associated Press, company officials assured consumers that current Target Visa cardholders would continue to enjoy access to their accounts. New Target Red Card applicants will receive credit lines and cards accepted only in Target retail locations and on [...]

  • Rightcliq by Visa to Combine E-Wallet with Social Media Shopping

    Visa cardholders can soon track all of their online purchases in a single place, while getting tips on deals and recommendations from merchants participating in a new service, called Rightcliq by Visa. Officials from the payment technology company staged a preview of its new e-commerce shopping tool during an investor conference in March. Although numerous companies [...]

  • Visa, American Express Post List of Fee-Free Credit Card Donation Sites

    Credit card donations to Haiti relief operations may help cash get to the island faster than text donations, as recently reported on CardRatings.com. However, donors can squeeze extra dollars into each transaction by selecting the right credit card and the right charity.Typically, charities that accept credit cards must pay between two and four percent of pledged [...]