Visa

Visa Inc. shut its open-banking business in the US amid regulatory uncertainty about consumer-data rights and the prospect of higher fees for customer information, according to people familiar with the matter.

The card brand is partnering with Adyen, Worldpay and other processors to expand Click to Pay, a simplified e-commerce authentication and processing tool.

The payment giants have added emerging forms of artificial intelligence to identify cybercrime, fraud and scams, countering crooks who are also embracing the innovation.

International remittances are a key use case for Visa's stablecoin strategy, CEO Ryan McInerney said during its fiscal Q3 earnings call with investors. They also pair nicely with Visa Direct, the company's instant payment scheme, he said.

With the big banks honing in on Amex's high-end card turf, Steve Squeri said his company's past success will drive the future.

A U.K. judicial body says the card networks have breached competition laws, while Belgian regulators are examining Wordline for potential anti-money-laundering violations.

The card network's moves include supporting coins from Fiserv, PayPal and others; and offering services to what's expected to be a fast-growing industry.

Visa, Mastercard, PayPal are among the firms moving the cryptocurrency option closer to the point of sale.

The next generation of artificial intelligence can be a digitized always-on personal shopper, researcher and financial assistant, taking even the buzz of ChatGPT to another level. It's early in the game, but developers are looking for ways to gain an edge.

AI agents have the power to automate a number of once-manual tasks: They can conduct background research, generate content, write code and analyze data. In their latest evolution, driven by Visa, Mastercard and other fintechs, payments are now on the menu of services.

The card processor came up short on expected profits but hit analysts' estimates on revenue in the second quarter of its fiscal 2025. CEO Ryan McInerney said growth in payments volume, cross-border volume and processed transactions were strong even in the face of shaky economic conditions.

Supply-chain woes, inflation and skittish travelers are just a few of the tariff-driven factors pressuring PayPal, Visa and Mastercard during upcoming earnings calls.

With swipe payments heading toward the exit in a few years, issuers have an opportunity now to prepare.

Visa and American Express are both reportedly trying to lure Apple's lucrative credit businesses away from Mastercard. But the battle over processing rights is just as much about accessing the technology company's digital wallet as it is about boosting transactions.

The card network said it saved would-be victims $350 million in the first year after it combined several crime-fighting units.

By enabling consumers to link multiple payment options together, the card network can counter similar moves by rival Visa and fintechs such as Curve.

Regulators are investigating the technology giants over concerns their financial apps are violating competition rules. That and expanding tech in emerging markets highlight this week's American Banker global payments roundup.

The partnership with Visa Direct sets X Money up with infrastructure to be a global payments powerhouse, but getting consumers to actually use it will be an even bigger challenge.

The card network will provide payments support for the social network's financial app, potentially contributing to its ability to scale.

The Czech Republic's central bank plans to shift billions of reserves to bitcoin. Plus Australia and the Netherlands crack down on BNPL, and other news from the world of payments.