Viewpoints

Visa’s Blog – Visa Viewpoints

PERSPECTIVES ON DIGITAL CURRENCY

Nov 30, 2010

Be On Guard: Security Tips to Avoid Holiday Blues

The holiday season is the busiest shopping time of the year. It’s also the busiest time of year for fraudsters looking to enrich their holiday by using your payment card.
 
Using your Visa card offers many consumer protections, including fraud detection, dispute resolution, and often, toll-free numbers to report and inactivate lost or stolen cards. With security always being top of mind for Visa, here are five ways you can help protect yourself and make the work of thieves a lot harder.

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Posted by: Jennifer Fischer, Head of Americas Payment System Security on November 30, 2010 at 12:39 pm

Nov 29, 2010

In the News: Mobile Payments in Emerging Markets

In the past few weeks, several news stories have highlighted the opportunity to grow mobile payments in emerging markets. We couldn’t agree more that there is a significant opportunity to bring innovative mobile payments solutions to emerging markets and, in doing so, give the underbanked and unbanked population access to the benefits of digital currency.

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Posted by: Erika White, Visa Corporate Relations on November 29, 2010 at 5:10 pm

Nov 26, 2010

Migration Watch – Cash-only Restaurants In Need of a “Tip”

“The customer always comes first.” These are words that every business owner lives by in order to serve customers effectively and keep priorities in order.

Despite this important mantra, an unfavorable trend seems to be spreading across New York eateries, and according to the New York Post, customers are not happy about it. This recent trend is “cash-only” restaurants.

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Posted by: Liz Nunan, Visa Corporate Relations on November 26, 2010 at 9:45 am

Nov 24, 2010

Spotlight on Debit Security

Just in time for the Black Friday kickoff to the holiday shopping season, USA Today is tackling an increasingly popular topic: debit protections and comparisons with credit.

The most important message in this story:

All Visa cards – including Visa Debit cards – offer security protections that help prevent, detect and resolve fraud, including continuous fraud monitoring and coverage by Visa’s Zero Liability policy, which protects cardholders from unauthorized charges

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Posted by: Kate Mulhearn, Visa Corporate Relations on November 24, 2010 at 5:50 pm

Nov 23, 2010

“I don’t know anything about that saving stuff.”

When J.J. Hickson, a 22-year-old basketball player for the Cleveland Cavaliers, was asked by Wall Street Journal reporter, David Biderman, about his plans to financially weather a potential lockout in the NBA, Mr. Hickson answered honestly, “I don’t know anything about that saving stuff.”

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Posted by: Jason Alderman, Visa Corporate Relations on November 23, 2010 at 9:14 pm

Nov 19, 2010

India – Bringing Banking to the Un-banked

Currently in India, the vast majority of many residents simply do not have access to basic banking services. One of the greatest challenges for the government is ensuring that all of its citizens are able to access these services—the concept of financial inclusion is a key focus and fundamental principle of the Indian government. It helps facilitate economic growth, it allows the un-banked for the first time—in many instances—to be able to effectively save, access credit, efficiently pay for goods and services (as well, in the case of merchants to be paid),  and it offers the added benefit of reducing fraud and increasing tax revenue.

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Posted by: Uttam Nayak, Group Country Manager, Visa Inc. on November 19, 2010 at 9:24 am

Nov 18, 2010

Real Innovation in Mobile Payments

After ISIS was announced on Tuesday, Forbes.com ran a blog post by Bob Egan in which he claimed that current mobile banking offers are “somewhat lackluster,” and that there is an absence of “real innovation in payments.” Respectfully, I must disagree. Mobile payments are – without question – highly innovative, rapidly evolving and, perhaps most importantly, on the threshold of being rolled out broadly across the United States over the next 12 months. But don’t just take our word for it: a recent magazine edition of Forbes also published a feature by Lee Gomes, highlighting Visa’s mobile payments innovation. In the article, Gomes writes:

“It’s…possible for the phone itself to replace a card, with the number that’s ordinarily embedded in a card’s magnetic stripe transferred to a radio-signal-emitting microchip inside the phone. A new breed of “contactless” systems is slowly being introduced, usually in high-volume operations like McDonald’s or part of the New York City subway. You authorize a payment by holding your phone next to the unit; Visa is pushing the new system hard.”

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Posted by: Bill Gajda, Head of Global Mobile Product on November 18, 2010 at 5:16 pm

Nov 18, 2010

Visa and Oxfam America are “Saving for Change”

This week, financial leaders from 38 countries are meeting in Seattle at the first ever Global Savings Forum. Hosted by the Bill & Melinda Gates Foundation, the event focuses on how technology innovations and digital currency can help bring financial services—especially savings—to the world’s poor.

Half the world’s adults do not have access to the basic financial services that many of us take for granted, such as a savings account, access to small loans and credit, insurance products or even simple and convenient ways to pay bills or buy goods. Without access to these basic tools, these individuals—known as the “unbanked” or “financially underserved”—face daily hurdles in their financial lives. The inability to plan for their financial futures and a heightened vulnerability to economic shocks such as theft, illness or natural disaster present particular challenges to the poor in their efforts to escape poverty.

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Posted by: Douglas Sabo, Visa Corporate Responsibility on November 18, 2010 at 12:06 pm

Nov 17, 2010

Unleashing the Power of Analytics

This post was written by James Wallis, Vice President of IBM’s Global Payments Industry and an expert in developing and executing business and customer strategy, with particular focus on payments systems and infrastructure. At IBM, James leads a worldwide payments sales team focused on offering customers compelling payments solutions that meet the business and operational requirements of some of the world’s largest financial service organizations.

In today’s digital economy, fewer and fewer transactions today actually use cash. That means a lot of money has been transformed into zeros and ones. It’s intangible, invisible. It’s information.

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Posted by: James Wallis, Vice President of IBM's Global Payments Industry on November 17, 2010 at 5:57 pm

Nov 16, 2010

Mobile Payments Present Endless Opportunities

In what is shaping up to be the Year of Mobile Payments, every week seems to bring new and exciting developments that highlight the convenience, speed and security of a global digital currency. Today’s announcement of Isis from AT&T, T-Mobile and Verizon Wireless, and yesterday’s announcement by Google’s Eric Schmidt showing off a payment-enabled mobile device at the annual Web 2.0 conference, validates Visa’s strategic direction for mobile payments. The announcements are a clear endorsement of what Visa has been advocating for years—that there is a significant global opportunity to deliver electronic payments and related services to the nearly 5 billion mobile devices worldwide. Visa’s open network enables 15,700 financial institutions and tens of millions of merchants around the globe to deliver payment services to consumers. We believe the open network  is well-positioned to support secure and globally interoperable mobile payments.

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Posted by: Elvira Swanson, Visa Corporate Relations on November 16, 2010 at 5:35 pm