Tags visa

The real reason Walmart is suing Visa

Walmart Visa Lawsuit
The US is rolling out chip-enabled credit cards nationwide, but the more fraud-resistant technology still relies on people using signatures. That's a dumb security measure -- heck, not really a security measure at all -- that makes fraud easier, and Walmart wants to do something about it. Even though forcing PINs would make transactions far more secure, Visa is saying no. The rest of the world uses Chip-and-PIN to verify card transactions in stores. It's much the same as how chip transactions work in the US right now, only rather than drawing a meaningless scrawl on a receipt, customers enter a unique four-digit PIN to prove that they own the card. Signatures are effectively meaningless -- they're only useful when you're making a chargeback against fraud later, and provide no on-the-spot security. It's one of the reasons the US accounts for 72 percent of credit card fraud worldwide.

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Chris Mills

May 11th

Uncategorized

The real reason Walmart is suing Visa

Walmart Visa Lawsuit
The US is rolling out chip-enabled credit cards nationwide, but the more fraud-resistant technology still relies on people using signatures. That's a dumb security measure -- heck, not really a security measure at all -- that makes fraud easier, and Walmart wants to do something about it. Even though forcing PINs would make transactions far more secure, Visa is saying no. The rest of the world uses Chip-and-PIN to verify card transactions in stores. It's much the same as how chip transactions work in the US right now, only rather than drawing a meaningless scrawl on a receipt, customers enter a unique four-digit PIN to prove that they own the card. Signatures are effectively meaningless -- they're only useful when you're making a chargeback against fraud later, and provide no on-the-spot security. It's one of the reasons the US accounts for 72 percent of credit card fraud worldwide.

(more…)

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Chris Mills

May 11th

Uncategorized

Apple Pay experiencing lengthy outage with adding Visa debit and credit cards

apple-pay-australia

If you’re having trouble setting up Apple Pay this morning, it’s not just you. Apple is currently reporting an hours-long issue with adding credit cards and debit cards to the mobile payment service.

The issue only appears to be affecting Visa cards, not American Express, MasterCard, or Discover cards. Making payments with Apple Pay and Visa cards also appears unaffected as the issue is only with adding new cards to Apple Pay.

However, the issue is the first we’ve seen of its kind and has been going on for roughly five hours and counting. Apple acknowledges the issue began affecting “some users” around 4:15 am ET.

We’ll keep an eye on the situation and update when everything clears up. In the meantime, you’ll have to pay for your latte the old-fashioned if you’re setting up Apple Pay for the first time.

Apple Pay outage


Filed under: Apple Pay Tagged: Apple pay, Visa

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Zac Hall

February 10th

Apple

Mac

Why Visa Having a Developer Platform Actually Matters

Earlier today, a very dull press release from Visa announced an actually important thing: the world’s largest payment processing network is opening up to developers. Yawn all you like, but this is big news.

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Chris Mills

February 5th

Apple

Patriots Practice In VR, 10K Google Cardboard Viewers Being Given Away At Gillette Stadium

Screen Shot 2015-12-06 at 8.22.06 AM The Google Cardboard team has teamed up with Bank Of America and Visa to bring a new VR experience to Android and iOS. The subject is the New England Patriots and you’ll be able to immerse yourself in a practice they participate in. To go along with the new experience, 10,000 customized Cardboard viewers are being handed out to fans at Gillette Stadium. This is yet another Cardboard… Read More

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Drew Olanoff

December 6th

Gadgets

Mobile

Patriots Practice In VR, 10K Google Cardboard Viewers Being Given Away At Gillette Stadium

Screen Shot 2015-12-06 at 8.22.06 AM The Google Cardboard team has teamed up with Bank Of America and Visa to bring a new VR experience to Android and iOS. The subject is the New England Patriots and you’ll be able to immerse yourself in a practice they participate in. To go along with the new experience, 10,000 customized Cardboard viewers are being handed out to fans at Gillette Stadium. This is yet another Cardboard… Read More

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Drew Olanoff

December 6th

Gadgets

Mobile

Swatch Is Teaming With Visa To Offer Payments From Your Wrist

bellamy_stage_CN2 Swatch and Visa have announced a partnership to enable NFC financial transactions using the the Swatch Bellamy wristwatch. The watches, which Swatch announced in October, are arguably minimalist and are named in honor of American author Edward Bellamy who foresaw credit and debit cards in 1888. The system is already working in Asia thanks to a partnership with China UnionPay and Bank of… Read More

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John Biggs

November 30th

Gadgets

New Visa ad campaign for Apple Pay starts today in the UK with ‘anticipation’ theme [Video]

apple-pay-visa-ad

Apple seems to be working hard with its card company partners to promote Apple Pay in the UK. Alongside a MasterCard promo offering free travel in London, Visa Europe is today launching a two-month long ad campaign designed to emphasize the speed, ease and reliability of the service.

Featuring a central theme of anticipation, the campaign uses imagery that captures the pause before a primary action – the weightlifter before pressing the lift, the pianist before striking a chord, the chameleon before making a strike – the scenes then snap into the dramatic conclusions as an analogy to how fast, easy and reliable using a Visa card in Apple Pay is in everyday situations such as paying to use the Tube or in a café … 

The ads will be broadcast on TV and also shown as promoted videos on social media.

Visa has prepared two versions of the first ad, a London-centric one with a commuter and a rest-of-UK one substituting a cafe for the tube.


Filed under: Apple Pay, iOS Devices Tagged: Apple pay, Apple Pay ad, Apple Pay ads, Apple Pay UK, Visa, Visa Inc.

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Ben Lovejoy

November 23rd

Apple

Mac

Discover cardholders get Apple Pay support starting this fall

discover

Discover announced today that it’s made a deal with Apple to join the other three big card companies already offering support for the company’s new payments service, Apple Pay. That means that starting this fall, Discover cardholders will finally be able to add their cards to the service and make contactless, NFC-based payments using iPhone and Apple Watch, as well as make payments within apps supporting the platform on all iOS devices.

Discover credit cardmembers will still receive all of their current benefits, including Cashback Bonus® and the new Freeze It® security tool that allows them to stop any new purchases, cash advances and balance transfers when they temporarily misplace their cards… As part of the agreement, Discover Network will enable eligible financial institutions, including Discover Debit issuers, to let their card holders use Apple Pay.

Discover will join other card issuers— Visa, Mastercard and American Express— already offering Apple Pay support through a number of bank and credit union partners across the US. The Apple Pay expansion to include Discover cards this fall follows a recent report that Apple is in talks to take the service international starting with Canada later this year.

Apple Pay iPhone 6

Most recently, Apple added another 30 new banks and credit unions to its list of institutions supporting Apple Pay bringing the total to over 200 across the country. The banks and credit unions on the list all offer varying levels of support and in some cases on certain card types for certain customers.


Filed under: Apps Tagged: American Express, Apple pay, Apple Pay banks, Apple Pay cards, Discover, Discover card, MasterCard, mobile payments, Visa

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Jordan Kahn

April 27th

Apple

Mac

Apple Pay adds 17 more banks & credit unions, over 90 institutions supported

Apple Pay Apple Watch

Ahead of Apple’s ‘Spring forward’ event on Monday where we expect to hear much more about the Apple Watch, more than a dozen new banks and credit unions have added support for Apple Pay. The Apple Watch will support the mobile payment service and extend Apple Pay support in stores beyond the iPhone 6 and iPhone 6 Plus to the iPhone 5, iPhone 5c, and iPhone 5s when paired. Following the addition of 17 new banks including credit unions for American Airlines and IBM today, Apple Pay is now supported by nearly 100 institutions. Here’s the list of newly added banks:


Affinity Plus Federal Credit Union
American Airlines Credit Union
Bank of Hawaii
Baxter Credit Union
CFE Federal Credit Union
Commonwealth Credit Union
Foothill Credit Union
Founders Federal Credit Union
IBM Southest Employees Federal Credit Union
Lister Hill Credit Union
PenFed Credit Union
Royal Credit Union
Schools First Federal Credit Union
Spokane Teachers Federal Credit Union
Telhio Credit Union
University First Federal Credit Union
West Community Credit Union

Apple Pay is now active for Visa, MasterCard, and American Express card holders from the following 98 banks and credit unions:

-L&N Federal Credit Union
-UW Credit Union
-Commerce Bank
-America First Credit Union
-American Express
-Bank of America
-Barclaycard
-Capital One
-Citi
-Commerce Bank
-J.P. Morgan
-M&T Bank
-Merrill Lynch
-Navy Federal Credit Union
-PNC
-Regions Bank
-SunTrust
-U.S. Bank
-U.S. Trust
-USAA
-Wells Fargo
-Fremont Bank
-National Institutes of Health FCU
-Security Service Federal Credit Union
-Consumers Credit Union
-Virginia Credit Union
-Cyprus Federal Credit Union
-Fairwinds Credit Union
-Mountain America Credit Union
-Partners Federal Credit Union
-Customers Bank
-A+ Federal Credit Union
-Amegy Bank of Texas
-America First Credit Union
-Bethpage Federal Credit Union
-California Bank & Trust
-Connex Credit Union
-Goldenwest FCU
-Huntington Bank
-KeyPoint Credit Union
-Meijer Credit Union
-National Bank of Arizona
-Nevada State Bank
-The Bank of Greene County
-Vectra Bank
-Zions First National Bank
-Alliant Credit Union
-Altra Federal Credit Union
-Andrews Federal Credit Union
-Associated Bank
-BBVA Compass
-BECU (Boeing Employees’ Credit Union)
-Ent Federal Credit Union
-F&A Federal Credit Union
-Fifth Third Bank
-First Niagara Bank
-First Tech Federal Credit Union
-Golden 1 Credit Union
-INOVA Federal Credit Union
-Savings Bank of Danbury
-Star One Credit Union
-Uwharrie Bank
-Affinity Federal Credit Union
-Cabela’s CLUB
-Central Bank
-Credit Union of Southern California
-Farmers & Merchants Bank of Long Beach
-First National Bank of Omaha
-First Sentry Bank
-FirstBank
-Grow Financial Federal Credit Union
-Ideal Credit Union
-Morgan Stanley
-Redwood Credit Union
-State Department Federal Credit Union
-Teachers Credit Union
-Technology Credit Union
-The Northern Trust Company
-TIB-The Independent BankersBank
-United Federal Credit Union
-Utah First Federal Credit Union
-Affinity Plus Federal Credit Union
-American Airlines Credit Union
-Bank of Hawaii
-Baxter Credit Union
-CFE Federal Credit Union
-Commonwealth Credit Union
-Foothill Credit Union
-Founders Federal Credit Union
-IBM Southest Employees Federal Credit Union
-Lister Hill Credit Union
-PenFed Credit Union
-Royal Credit Union
-Schools First Federal Credit Union
-Spokane Teachers Federal Credit Union
-Telhio Credit Union
-University First Federal Credit Union
-West Community Credit Union

If you’re bank isn’t yet supported, both Visa and MasterCard have shared their lists of banks that will add Apple Pay support in the future. As always, we’re continuing to update our running list of merchants and apps that accept Apple Pay which you can find here.

Apple Pay is currently available for iPhone 6 and iPhone 6 Plus for use in stores and within apps, while iPad mini 3 and iPad Air 2 support Apple Pay in apps.


Filed under: AAPL Company Tagged: American Express, Apple pay, Apple Pay banks, Apple watch, banks, credit unions, iPhone 6, iphone 6 plus, MasterCard, Visa

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Zac Hall

March 3rd

Apple

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