Search

Visa U.S.A.'s bank membership declined slightly in the second quarter, but its commercial spending volume grew at a brisk pace. The San Francisco association, which is owned by banks that [...]

MasterCard International and Visa U.S.A. are beset by franchise-threatening lawsuits, some of which reach beyond the associations to attack their largest member banks. In response, the payments Goliaths each plan [...]

Wachovia Corp. is testing the power of Visa U.S.A.'s Visa Extras rewards program to attract new customers and increase loyalty. It is offering 5,000 Visa Extras points for customers who [...]

Purchases made on Visa U.S.A. cards in the third quarter rose 17.7% from a year earlier, to $315.5 billion. The biggest growth was in PIN debit, where purchase volume grew [...]

Banks have long wanted to promote their payment cards to individual account holders, and Visa U.S.A. says it is updating its systems to let banks do exactly that. The San [...]

Visa U.S.A. is offering its issuers a program to reimburse cardholders if they are dissatisfied with items purchased with their Visa cards and the retailers do not take the items [...]

The largest single transaction ever processed over Visa U.S.A.'s VisaNet network was a $4.3 million payment the Department of Veterans Affairs made to one of its suppliers sometime since November. [...]

Visa U.S.A. said Wednesday that its Interlink PIN debit network processed $3.3 billion of transactions in January, 43% more than a year earlier. The number of Interlink transactions rose 39%, [...]

Visa U.S.A. on Tuesday announced that it has set up a toll-free hot line and posted an online brochure to help victims of identity theft. The hot line, which is [...]

Navy Federal Credit Union has become the first bank card issuer to implement the secure online transaction protocols of both MasterCard and Visa. The largest U.S. credit union announced that [...]

Visa U.S.A. says that its effort to encourage banks and merchants to use check conversion is beginning to snowball, with more banks and merchants signing up for the card association's [...]

Visa U.S.A. announced that it processed more debit card transactions than credit card transactions on its network in the first half, a first for the company. The payment card association [...]

Visa U.S.A. is trying to do for the apartment rental industry what it did for the grocery business some 10 years ago: make credit card payments ubiquitous. Given that rent [...]

While Visa U.S.A. may have appeased some merchants by offering interchange discounts to some larger merchants, it has angered other categories of retailers -- most notably petroleum companies -- by [...]

Visa U.S.A. on Monday announced to consumers an online security measure it had introduced earlier this year: Verified by Visa, a voluntary program meant to heighten the security of Internet [...]

Executives from Visa U.S.A., Providian Financial Corp., and National Processing Co. conducted what they said was the first live smart card transaction at a merchant terminal in the United States [...]

With most U.S. bank card issuers still sitting on the smart card sidelines, the companies that are already in the game are redoubling their efforts to promote chips and their [...]

Visa U.S.A. on Monday announced the availability of its first chip card designed for use by corporate cardholders, smart Visa Business. FleetBoston Financial Corp. will be the first issuer of [...]

Visa U.S.A., which has set a May deadline for online merchants to comply with 12 card data security guidelines developed last fall, said Wednesday that it has begun giving the [...]

Visa U.S.A. has introduced a Web site designed to educate schoolchildren about finances. The site, www.PracticalMoneySkills.com, is meant to be used by families and school classes. It offers lessons, games, [...]

Two months after the new-and-improved piece of Visa U.S.A.'s transaction processing network was announced with fanfare, it has been connected to several large banks, and the association expects that a [...]

Visa U.S.A. and AAA have introduced three prepaid payment cards. The AAA Global Currency card, which stores denominations from $5 to $9,999, can be used with Interlink merchants in the [...]

Visa U.S.A. and other organizations including the National Consumers League and the Jumpstart Coalition for Personal Financial Literacy have developed a personal finance curriculum geared toward young people. Practical Money [...]

The recent wave of high-profile thefts of consumer credit card numbers on the Internet has revived interest in the Secure Electronic Transaction protocol, an Internet security standard developed by MasterCard [...]

Three years through a five-year plan to 'mainstream debit,' Visa U.S.A. is moving into related specialty products such as prepaid and payroll cards. 'There are a lot of applications coming [...]

Visa U.S.A. and Dun & Bradstreet Corp. have developed two predictive modeling tools to help credit card issuers attract small-business customers. One, used to target solicitations, is designed to predict [...]

SAN FRANCISCO - A year after introducing its Signature card for the affluent market, Visa U.S.A. is calling it 'one of the fastest-growing premium credit cards ever,' with 500,000 in [...]

The credit card associations next month will step up their use of alternative mail systems to prevent card thefts. Members of MasterCard International and Visa U.S.A. will have the option [...]

VISA USA announces that it will create its own clearing system in an effort to make member banks more competitive with nonbanks in processing credit card transactions. Plans call for the new company to function independently and to offer such services as electronic draft capture, authorizations and telecommunications. Credit card banks have been leaving the processing business because of high costs and low profit margins. Credit officials have resisted the trend, saying it erodes the bank-merchant relationship., In a bold and controversial bid to stem the rising influence of nonbanks, Visa U.S.A. is quietly taking steps to make its member banks more competitive at processing credit card [...]

Holders of American Express and Discover cards can now get cash advances at 4,200 Plus System ATMs. The network said the move was requested by member banks, despite the fact that the cards are direct competitors to credit cards issued by those banks. There is, however, a risk. Bank credit cards could suffer if American Express and Discover succeed in promoting greater access to cash for their cards., The Plus network is providing a way for its members to open their teller machines to American Express and Discover cards, a move that some bankers could interpret as giving [...]

WASHINGTON - Visa U.S.A., MasterCard International, and Bank of America are sponsoring CreditPage.com, a Web site with information on managing credit wisely. Among the services it offers are credit reports, [...]

Visa U.S.A. and the National Consumers League have expanded a consumer education effort. Their Debit Education Partnership, begun in fall 1997, was meant to explain how debit cards can complement [...]

Chase Manhattan Corp. and Visa U.S.A. Inc. have cofunded a program with the New York City public schools designed to teach special-education high school students basic financial skills using interactive [...]

SAN FRANCISCO -- Visa U.S.A. said it has begun offering Virtual Private Line, a high-speed telecommunications service that reduces card authorization time over the public telephone network to about six [...]

Credit card companies are getting into the education business, prepping tomorrow's consumers for a life of saving, spending - and presumably charging. Having concluded that teenagers accumulate precious little knowledge [...]

Visa U.S.A. has introduced a product designed to speed the authorization of credit card purchases. The point-of-sale device, called POS-port, will approve transactions within eight seconds over a standard telephone [...]

Visa members with high transaction volumes will be able to exchange copy fulfillment documents with other members electronically through a new service offered by Visa International U.S.A., San Francisco. Beneficial [...]

Officials of Visa U.S.A. Inc. said a popular brand of software for electronic funds transfer had been modified to let banks accept Interlink debit cards for point-of-sale transactions. Interlink is [...]

Visa U.S.A. plans to announce today the availability of a faster type of credit card authorization service in 40 metropolitan areas starting in September 1993. Using a new data communications [...]

Visa U.S.A. is about to introduce a service aimed at reducing the credit and fraud losses from transactions authorized with outdated account information. The service, called VisaNet Enhanced Authorization, will [...]

Visa U.S.A. proclaimed its debit card No. 1 on Wednesday, saying 10.5 million consumers were carrying visa Debit as of June 30. The San Mateo, Calif.-based association said the cardholder [...]

Six regional ATM networks said they would participate in Interlink, Visa's electronic debit card system. The networks -- Star System Inc. in California, Iowa Transfer System, NetWorks in Nebraska, KETS [...]

Clearing Houses Seek to Bypass Fed Visa, 2 Regional Operators Hold Preliminary Talks Officials from Visa USA and the New York and Arizona automated clearing house associations met early this [...]

MasterCard, Visa Add International Call Features MasterCard International and Visa U.S.A. have expanded their calling card capabilities to include phone calls made to the United States from foreign countries. About [...]