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Visa slapped with a DOJ antitrust lawsuit
Visa is accused of running a monopoly that prevents competitors like PayPal and Stripe from competing in debit markets.
Danny Gallagher09.24.2024
Apple, Visa and Mastercard sued in proposed class action antitrust case over Apple Pay card fees
Apple, Visa and Mastercard are being sued by beverage retailer Mirage Wine & Spirits on behalf of US merchants who accept Apple Pay. The lawsuit argues that Apple accepted a bribe from the two companies in an agreement to stifle competition, resulting in inflated merchant fees.
Cheyenne MacDonald12.16.2023
Amazon reaches deal to continue accepting Visa payments worldwide
Amazon and Visa have resolved their simmering dispute over payment fees in the UK and elsewhere.
Steve Dent02.17.2022
Amazon UK won't ban Visa credit cards on January 19th after all
Amazon now says it will accept Visa cards in the UK after January 19th.
Steve Dent01.17.2022
Amazon says it will stop accepting UK-issued Visa credit cards on January 19th
Amazon will stop accepting Visa credit cards issued in the UK starting next year.
Mariella Moon11.17.2021
Visa will allow some transactions to be settled with cryptocurrency
Support for the USDC stablecoin will streamline crypto-based payments.
Kris Holt03.29.2021
After Math: Tesla recalls, Steam streams and COVID checks
If you bought a Model S between 2012 and 2018 or a Model X between 2016 and 2018, you’ll want to get in touch with your local Tesla dealership sooner rather than later. Turns out that Tesla’s sold during that period used NVIDIA Tegra 3 chips in their central displays. According to the NHTSA, 158,000 Teslas are susceptible to the fault and is encouraging the company to issue a formal recall.
Andrew Tarantola01.17.2021
Visa abandons $5.3 billion acquisition after DOJ objections
Visa has abandoned its $5.3 billion bid to acquire fintech startup Plaid.
Igor Bonifacic01.12.2021
Visa will allow select payments from Pornhub owner Mindgeek
Visa isn’t done investigating allegations of illegal activity against Pornhub, but it has apparently seen enough to start accepting payments from its parent company again. According to Reuters and CNN, the credit card company will allow payments using its cards for some of MindGeek’s adult sites featuring professionally produced videos after an in-depth review. “Following a thorough review, Visa will reinstate acceptance privileges for MindGeek sites that offer professionally produced adult studio content that is subject to requirements designed to ensure compliance with the law.”
Mariella Moon12.24.2020
Mastercard and Visa cut off payments to Pornhub
Mastercard says it’s axing its relationship with Pornhub after finding illegal content on the site.
Karissa Bell12.10.2020
Venmo's first credit card offers adjustable cashback rewards
After an almost year-long wait, Venmo's first credit card is here, bringing with it a couple of interesting features.
Igor Bonifacic10.05.2020
Tech giants back lawsuit against US guest worker ban
Apple, Facebook, Microsoft and 49 other tech companies are fighting against the administration’s guest worker visa ban.
Mariella Moon08.11.2020
Google is reportedly working on a smart debit card
A leaked Google Pay debit card could make purchases easier -- and raise privacy concerns in the process.
Jon Fingas04.17.2020
Amazon may offer hand recognition payments to other stores
Amazon's rumored hand recognition payment tech might be useful beyond paying for produce at Whole Foods. Wall Street Journal sources say the company is developing hand-based checkout terminals that it would sell to "coffee shops, fast-food restaurants" and other stores that tend to have repeat customers, not just Whole Foods. It's also clearer as to how the technology might work. The system would reportedly start by linking your payment card to your hand, asking you to insert your old-school plastic and scan your hand before you could pay using your hand alone.
Jon Fingas01.18.2020
Visa acquires fintech startup used by Venmo, CoinBase for $5.3 billion
Visa just spent $5.3 billion to acquire Plaid, the fintech company with an API that enables services for Venmo and other banking apps. Plaid's software allows startups, like the mobile investing app Robinhood and the cryptocurrency exchanges Coinbase and Gemini, to securely connect to users' bank accounts. According to Visa, one in four people with a US bank account have used Plaid's technology.
Christine Fisher01.13.2020
Visa warns that hackers are scraping card details from gas pumps
Cybercrime groups are actively exploiting a weakness in gas station point-of-sale (POS) networks to steal credit card data, Visa has revealed. The company's fraud disruption teams are investigating several incidents in which a hacking group known as Fin8 defrauded fuel dispenser merchants. In each case, the attackers gained access to the POS networks via malicious emails and other unknown means. They then installed POS scraping software that exploited the lack of security with old-school mag stripes in card readers that can't read chips.
Steve Dent12.16.2019
Major credit card companies launch a one-click checkout button
If you're shopping on Cinemark, Movember or Rakuten any time soon, you might see a new click-to-pay button at checkout. American Express, Discover, Mastercard and Visa have teamed up to create the new option for fast, secure online purchases. Their vision is to have one standard checkout button across all online retail websites, similar to the PayPal experience.
Christine Fisher10.22.2019
eBay, Visa and Mastercard pull out of Facebook's Libra cryptocurrency
Stripe and eBay have followed PayPal in backing out of Facebook's cryptocurrency, Libra. They confirmed to the Financial Times that they would pull their support, while Mastercard and Visa have also dropped out.
Kris Holt10.11.2019
WSJ: Visa, Mastercard are reconsidering support for Facebook Libra
It has been a few months since Facebook officially announced its "Libra" cryptocurrency push with support from some big names including Visa and Mastercard. Since then we've heard little about it other than increasing scrutiny from regulators, bankers and politicians around the world, while those partners have mostly remained quiet. The Wall Street Journal reports today that executives from unnamed partner companies have refused to support Libra publicly, despite requests from Facebook for them to do so. It claims, based on anonymous sources, that Visa, Mastercard and others are now reconsidering their involvement altogether. This all comes out as members of the Libra Association are preparing to meet in Washington D.C. on Thursday, so we'll likely find out soon if they pull together or split apart.
Richard Lawler10.01.2019
A popular immigration bill is bad news for US esports
"What makes me nervous is the fact that it just sailed through the House." Genie Doi is an immigration lawyer with Electronic Sports and Gaming Law, an esports-specific law firm in Los Angeles. She's talking about S.386, or the Fairness for High-Skilled Immigrants Act, which passed the House in July by 300 votes. Representatives even waived some of the voting rules with a process reserved to pass noncontroversial bills.
Jessica Conditt08.16.2019