visa inc-class a shares (V) Key Developments
Visa Inc. Presents at 2015 West Coast Electronic Payments Summit, Sep-29-2015 10:30 AM
Sep 23 15
Visa Inc. Presents at 2015 West Coast Electronic Payments Summit, Sep-29-2015 10:30 AM. Venue: Half Moon Bay, California, United States. Speakers: Brad Greene, Vice President, Digital Developed Markets.
Andrew Torre to Leave Post as Head of the Russian Branch of Visa in 2016
Sep 22 15
Andrew Torre, head of the Russian branch of Visa, is going to leave his post in 2016. Torre said that his new position in Visa included development of the payment system in Africa.
Visa Inc. Introduces EMV Chip-Based Biometrics
Sep 15 15
Visa Inc. introduced a new specification to use biometrics with chip card transactions. The specification can enable palm, voice, iris, or facial biometrics. This technology framework is designed to work with the EMV (Europay, MasterCard, Visa) chip industry standard to help ensure open, globally interoperable solutions. Biometric verification is intended to prevent fraud as well as make it easier to pay securely. The architecture Visa has designed enables fingerprints to be securely accepted by a biometric reader, encrypted, and then validated. The specification supports match-on-card authentication where the biometric is validated by the EMV chip card and never exposed or stored in any central databases. Issuers can optionally validate the biometric data within their secure systems for transactions occurring in their own environments, such as their own ATMs.
Bank of Ireland Ends 40-Year Link with Visa Chooses MasterCard as New Strategic Partner
Sep 10 15
Bank of Ireland has ended its long-standing relationship with Visa and has started making contact with hundreds of thousands of its customers, alerting them to its plans to replace their existing Visa credit cards with an alternative from MasterCard. The move signals the end of a relationship between the credit card provider and the bank, which dates back more than 40 years. Bank of Ireland confirmed that it has appointed MasterCard as its strategic partner for all credit cards. It said the new cards would have additional features which would allow for contactless transactions as well as the implementation of instalment plans which allow customers to spread the cost of purchases over EUR 500 at a rate of 6.9% APR over 12 months.
Visa and QIWI Announce Launch of Contactless Smartphone Payments
Aug 25 15
QIWI plc and Visa Inc. announced implementation of a new stage of their strategic partnership, which has resulted in integration of Visa payWave's contactless technology into Visa QIWI Wallet. Now e-wallet customers can pay using their NFC-enabled mobile devices operating on Android 4.4 or higher in stores, cafes, cinemas, and hundreds of thousands of other points of sale equipped with contactless terminals worldwide. This joint solution brought by Visa and QIWI offers millions of Visa QIWI Wallet users new payment options and makes contactless payments accessible and convenient for virtually every user who installs the corresponding application on his/her smartphone. Visa QIWI Wallet account can be topped up in any of more than 100,000 QIWI kiosks throughout Russia, by linking a bankcard, or from a mobile phone account. The contactless Visa payWave solution is preinstalled in the new version of the e-wallet. Those who have already installed the Visa QIWI Wallet application need only to download the latest update. By combining their expertise, QIWI and Visa have ensured that the new service has a modern and technologically advanced security system. The effective algorithms used to verify the transactions are designed to protect users against fraud.