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Posts Tagged ‘Visa’

In my report on Top Trends in Retail Payments published a few weeks ago, I wrote the following paragraph: “Of course, doubts remain over HCE. For example, the payment schemes are yet to clarify on whether they will deem the security and performance of the technology acceptable. However, we view it as a positive development. Inexplicably, […]

Feb 21st, 2014 | Filed under Banking, Retail Banking

When Visa restructured in 2007-2008, Visa USA, Visa Canada, and Visa International were merged into the new public company. Visa Europe became a separate company owned by its member banks. An article in Wall Street Journal this week claimed that the European banks were ready to sell their stake in Visa Europe back to Visa Inc. I am not […]

Mar 21st, 2013 | Filed under Banking, Corporate Banking, Retail Banking

I just came back from three weeks of being on the road. I ran a workshop on merchant-funded rewards at Merchant Payments Ecosystem event in Berlin, presented on mobile payments at Celent’s own (and very successful!) Insight and Innovation Day in Boston last week, and managed to squeeze a holiday on the snow in between. […]

Mar 7th, 2013 | Filed under Banking, Retail Banking

London Olympics are in full swing, and so far it’s been a tremendous success. I thought the opening ceremony was absolutely breathtaking – it was creative, ambitious, beautiful and yet so different from everything else we’ve seen. After Beijing, most people said it would be difficult to surpass the sheer scale and grandeur of that […]

Aug 2nd, 2012 | Filed under Banking, Retail Banking

It’s less than two weeks until the opening ceremony of the Olympic Games. The Olympic spirit is already in the air in London with all sort of preparations entering their final stages. A section of M4, a major motorway connecting the West of the UK with London was closed for a few days last week […]

Jul 16th, 2012 | Filed under Banking, Retail Banking

Last Friday, the press began reporting about a major data breach at Global Payments, a large US card processor. As always in the early stages of such events, there were plenty of rumours and speculation with various sources reporting stolen card numbers to be as low as 50,000 or as high as 10 million. This […]

Apr 2nd, 2012 | Filed under Banking, Retail Banking

I recently published a report titled “In Search of a Third European Card Scheme: Time to Move On,” in which I claimed that most of the initiatives aimed at establishing an alternative to Visa and MasterCard were unlikely to deliver a viable solution any time soon. I also said that the arguments for having such […]

Mar 27th, 2012 | Filed under Banking, Retail Banking

Yesterday Visa announced its plans to accelerate EMV adoption in the US. A confluence of factors, such as some of the US merchants and issuers making independent moves towards EMV, as well as accelerating developments around mobile payments, helped Visa decide that the time to act is now. It is the first time that a […]

Aug 10th, 2011 | Filed under Banking, Corporate Banking, Retail Banking

This week Visa held its earnings call and one of the key announcements was a pricing restructuring. In what appears to be a direct response to Durbin regulations, Visa is lowering its variable per-transaction fees and introducing a “network participation fee” in the United States for all of its debit, credit and prepaid card services. […]

Jul 29th, 2011 | Filed under Banking, Retail Banking

Visa announced the acquisition of Fundamo, a top solution provider for Mobile Network Operators (MNO) to support mobile payments. Visa clearly saw mobile money as a threat. Too many mPesa success stories combined with the ability to send money from mobile phone to mobile phone across carriers would create a powerful global payment scheme in […]

Jun 9th, 2011 | Filed under Retail Banking, Uncategorized