Visa | Common News Update

Jan192021 by adminNo Comments

Silicon Valley start-up Plaid plans European hiring spree despite Visa deal falling apart

Finance

Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020.George Frey | Bloomberg via Getty ImagesLONDON — Financial technology start-up Plaid plans to more than double its European workforce this year, even after scrapping a deal to be acquired by Visa amid U.S. antitrust concerns.The company looks to be taking news of the $ 5.3 billion merger agreement falling apart in its stride, hoping to capitalize on a shift toward online banking services in the wake of the coronavirus pandemic.Plaid's software connects some of the most popular fintech apps in the U.S. — such as Venmo, Robinhood and Coinbase — with a user's bank account. It's part of an emerging trend in finance known as "open banking" that calls on lenders...

Sep212020 by adminNo Comments

Google Pay, Visa partner for card-based payments with tokenisation

Finance

New Delhi: Google Pay on Monday announced the rollout of tokenisation across its platform that will enable users to safely transact with their debit or credit cards. Through tokenisation, Google Pay Android users can use their debit or credit card to make payments through a secure digital token attached to their phone without having to physically share their credit or debit card details. The feature will also facilitate use of tap-to-pay feature on near-field communications (NFC)-enabled point of sale (PoS) terminals and online merchants, a statement said. "Working in close partnership with Visa and banking partners, this feature is now available to all users of Axis and SBI Card, with Kotak and more banks expected to follow suit very soon," it added. The feature also works with online ...

Jul92020 by adminNo Comments

Australia suspends Hong Kong extradition treaty and offers visa extensions

World

Australia has suspended its extradition treaty with Hong Kong, and offered visa holders from the territory a five-year extension with a pathway to permanent residency, in response to China's imposition of a national security law.The 10,000 Hong Kong citizens in the country on student or temporary work visas are likely to benefit from the move. "There will be citizens of Hong Kong who may be looking to move elsewhere, to start a new life somewhere else, to take their skills, their businesses," said Prime Minister Scott Morrison. Image: The colonial flag of Hong Kong is held aloft during a march by protesters He also made a pitch for international financial services, consulting and media businesses with regional headquarters in Ho...

Feb182020 by adminNo Comments

Visa says OTP not needed for ‘routine’ transactions

Finance

MUMBAI: Global card network provider Visa aims to phase out the twofactor authentication (2FA) process on routine card transactions during digital checkouts and replace the scrutiny layer with a riskbased prompt, where transactions deemed unusual or risky by banks would be vetted through a One Time Password (OTP) check. For this, Visa plans to hold discussions with domestic regulators, and its banking partners on how over time the 2FA norms can be relaxed and brought in line with global best practices, a top company executive told ET. This has been highlighted in the California-based network operator’s multi-prong security roadmap for its Asia Pacific markets for enhancing resilience of digital payments. “We think 2FA is important but what we think is even better is using 2FA in a risk-bas...

Jan282020 by adminNo Comments

UK introduces new fast-track visa to attract scientists

Technology

British Prime Minister Boris Johnson has introduced a new fast-track visa to attract more of the world’s best scientists to the U.K. in hopes of creating a global science “superpowerByThe Associated PressJanuary 27, 2020, 12:07 AM2 min readLONDON -- British Prime Minister Boris Johnson introduced a new fast-track visa to attract more of the world’s best scientists to the U.K. in hopes of creating a global science “superpower.” Johnson paired the announcement of the Global Talent route program with a pledge of 300 million pounds ($ 392 million) for research into advanced mathematics. The money will help fund researchers and doctoral students whose work in math underpins myriad developments such as safer air travel, smart phone technology and artificial intelligence. The new visa route wil...