Home Posts tagged "Visa" (Page 2)
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Visa Updates to Chargeback Dispute Rules Regarding Compelling Evidence Take Effect in October

The world’s largest card brand announced the second phase of updates, new rights and options for merchants as it pertains to chargeback representment and compelling evidence. The concept of compelling evidence was first introduced in 2013 to expand the types of documentation merchants could use to dispute chargebacks, while the next phase of updates, which

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American Express Leverages Cardholder Online Login Information for Faster Online and Mobile Purchases with Amex Express Checkout

Following Visa Checkout and MasterPass, American Express launched their new Amex Express Checkout service in July, but doesn’t want it to be labeled a wallet. Cardholders that login to view or pay statements online can use the same user ID and password to submit payments online via PCs, mobile web browsers and mobile apps, and

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Get Ready for Facebook’s Foray into Payments

Facebook announced new features to their Messenger service in March allowing users to make P2P payments, but didn’t stop there. They have since announced plans to enable consumers and merchants to communicate via Facebook about purchases, known as Business on Messenger, and have started testing “Buy” buttons directly within advertisements that appear on a user’s

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Visa to Expand Token Service used with Apple Pay to Visa Checkout and eCommerce Merchants in 2015

The world’s largest card network commercially debuted their Visa Token Service in October, 2014 coinciding with the launch of Apple Pay. The service provisions issuers with a token that can be used in place of the card’s primary account number. The token is then transmitted to merchants via Apple Pay for processing for both in-store

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Visa Working with Issuers to Expand use of Mobile Geolocating to Verify Card Present Transactions

Visa has partnered with Finsphere, a geospatial analytics company, to provide location information of mobile devices at the time of a card transaction. The card network is now working with card issuers to embed the mobile geolocation features in their mobile banking apps and estimates that 30 percent of wrongly declined transactions can be stopped.

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MasterCard and Visa to Upgrade 3D Secure Consumer Authentication, Stop Using Static Passwords

MasterCard and Visa are collectively working on a new authentication standard, currently being referred to as 3DS 2.0, which will make further use of cardholder data to reduce the need for authentication challenges. When a challenge is presented under the new protocol, it will rely on one-time-use passwords or biometrics rather than a static password.

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Visa Replaces V.me with Visa Checkout, Adds New Merchants

Visa launched their e-wallet, V.me, in late 2011, but this was discontinued in July, 2014 in favor of Visa’s new, although quite similar service, Visa Checkout. Since launch Visa has signed on notable merchants to accept Visa Checkout and will soon begin a major advertising push to drive consumer adoption. Visa has discontinued their original

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Visa becomes third major card association to join FIDO Alliance

Visa follows Discover and MasterCard’s lead becoming the third card association to join the Fast Identity Online (FIDO) Alliance’s board of directors. The FIDO Alliance is focused on developing standards and technical specifications to make online authentication more secure. The FIDO Alliance was formed in mid-2012 to address two primary issues with online authentication: the

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Retailer Sues Visa in Attempts to Recover Fines for Data Breach

A retailer suffering a data compromise in 2010 was ultimately responsible for $13.3 million in fines from Visa levied against two acquiring banks that passed the fines on to the retailer. The retailer is now suing Visa stating that at no point where they not in compliance with PCI and that the fines are arbitrary

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Isis, PayPal, Visa Continue to Test and Develop Mobile Payment Methods

More mobile payment methods and wallets are testing and preparing for commercial launch with mobile joint venture Isis starting trials in two pilot U.S markets, Visa testing NFC (Near Field Communication) payments at the London Olympic Games, and PayPal trialing their mobile payment method with McDonald’s fast food restaurants in France. Read More

 
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