visa

Visa Increases Tap Payment Limit to $250 in Canada Due to COVID-19 Pandemic [u]

Visa has informed its business customers today it has increased its tap payment limit in Canada to $250, up from $100, during the COVID-19 pandemic. According to a document seen by iPhone in Canada, dated April 6, 2020, it says, “effective immediately, Visa has updated the Visa Easy Payment Service (VEPS) program’s contactless maximum transaction...

Seth Rogen May Replace Morgan Freeman as Voice of Vancouver Transit

Vancouver's own Seth Rogen has offered to be the voice of his hometown transit system. The initiative is part of an experimental marketing campaign by VISA. Originally, the transit company hired Morgan Freeman recorded a series of announcements that would be played on SkyTrain and buses for the next two months. However, this original plan...

Visa to Offer Small Businesses $10,000 to Go Cashless in “War on Cash”

Visa announced yesterday a new program in the U.S. where it would offer 50 businesses $10,000 to go cashless. The global payments technology company said in a press release they would be “encouraging and helping merchants go cashless by using innovation to their advantage in order to stay competitively connected to their customers.” Going cashless...

Lawsuit Accuses Apple Pay, Visa of Violating Patent Rights

Universal Secure Registry, a small Boston-based company founded by the inventor 0f corporate encryption technology RSI SecurID, Kenneth P. Weiss, is suing both Apple and Visa for patent infringement in the design of Apple Pay. According to a new report from the New York Times, Weiss holds 13 patents for financial transaction authentication systems involving smartphones, biometric identification...

Visa Europe Announces 3 Billion Contactless Transactions in 12 Months

Visa Europe has today announced that 3 billion contactless transactions were made on Visa cards and payment-enabled devices in the last 12 months, which is nearly triple the number of transactions from the previous year. "The leap since last April has been significant, growing from 143 million transactions in April 2015 to 360 million in April 2016”,...

TELUS Joins CIBC in Launching New Visa Rewards Credit Card

TELUS and CIBC today have announced today the launch of the CIBC TELUS Rewards Visa card, which is part of the mobile carrier’s rewards program for its customers. Purchases earn points which can be redeemed towards TELUS products and services such as smartphones, tablets, charitable donations, travel passes and prepaid cards. Drazen Lalovic, Vice President,...

Visa, MasterCard CEOs Show Excitement Over Apple Pay

Charlie Scharf, CEO of Visa, has praised Apple Pay while adding that the service will soon become international, making it even more exciting. Meanwhile, MasterCard CEO, Ajay Banga, has made similar comments about Apple’s mobile payment service as well, saying that he’s ‘excited’ by Apple Pay (via ComputerWorld). At the same time however, both Visa and MasterCard are...