John Adams is executive editor of payments for American Banker.
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Visa's management faces an unwelcome choice: It can share more information about internal shortcomings or mistakes that caused payments to shut off temporarily, or get summoned to Parliament for a politically-infused public questioning.
June 6 -
The information you need to start your day, from PaymentsSource and around the Web. Today: Grab's development center; Patreon acquires Kit.com to add options for creators; Visa's outage gets political; Belgiium's federated ID picks up steam.
June 6 -
One thing is clear: This outage, however brief, undermines the card networks' ability to market themselves as the fundamental platforms for a new era of payments technology.
June 5 -
The information you need to start your day, from PaymentsSource and around the Web. Today: Citi embraces open banking for U.K. business; Ripple invests in blockchain studies; Paysafe's iPayment acquisition closes; Singapore and India will share fintech innovation.
June 5 -
Merchants, banks, fintechs and card networks may crave digital payments' treasure trove of data over cash's simple anonymity, but any weakness in a centralized ecosystem threatens the entire network, as Visa learned late last week.
June 4 -
The information you need to start your day, from PaymentsSource and around the Web. Today: Visa's back up in Europe; Apple Pay pushes order ahead at a music festival; Jeep plans in-car payments tech; ABN Amro customers warm to werables; Mastercard wins a blockchain patent.
June 4 -
As more small to medium-sized businesses look to international e-commerce markets to boost sales, differences in tax laws can cause complications for sellers—and an opportunity for payment gateway companies offering workarounds.
June 4 -
Supermarkets and other retailers reported rejected transactions after a network glitch, causing some to quickly deploy cash-only checkouts.
June 1 -
The information you need to start your day, from PaymentsSource and around the Web. Today: PayPal makes another investment; Open Payments Cloud picks up support; Crypto firm hires Square's former compliance officer; Mastercard hires a cybercrime expert.
June 1 -
Retailers often try to counter Amazon's dominance by using the e-commerce giant's strengths against it, including its reliance on search engine optimization.
June 1
