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Visa and Mastercard deny reports they will raise interchange fees
A week ago Payments Cards & Mobile reported on press reports that Visa and Mastercard were planning to raise network and interchange fees merchants pay when accepting credit cards. Now,... read more
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Visa expand Merchant Acquirers stablecoin settlement capabilities
Visa is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain and is working with merchant acquirers Worldpay and Nuvei, modernising cross-border money movement. Through live pilots with issuers... read more
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Visa and Mastercard plan to increase US interchange fees
Visa and Mastercard are planning to raise network and interchange fees merchants pay when accepting credit cards, the increases are set to begin in October 2023 and April 2024. Many... read more
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Visa acquire core banking platform Pismo
Visa has signed a definitive agreement to acquire Pismo, a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific and Europe, for $1 billion in... read more
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Increase in co-branding driving growth in international card schemes
Despite government backing of domestic schemes in some markets, cards are increasingly being co-branded with international card schemes due to customer desire for maximum acceptance, rewards and other benefits. This... read more
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