Visa has announced the commercial launch of its cross-border payments network, Visa B2B Connect. Special feature Special report: How blockchain will disrupt business (free PDF) This ebook, based on the latest ZDNet/TechRepublic special feature, looks at how blockchain is shaking up the economy and changing the way individuals and enterprises conduct business. Read More According to the company, the network allows financial institutions to quickly and securely process high-value corporate cross-border payments globally. The launch will cover more than 30 global trade corridors, with Visa saying the aim is to expand into as many as 90 markets by end of 2019.Visa said that along with using its own core assets, it has partnered with IBM Blockchain for Visa B2B Connect. The company touted the use of blockchain will provide "improved process to facilitate financial transactions on a scalable, permissioned network".The IBM Blockchain Platform is built on top of Hyperledger … [Read more...] about Visa sends blockchain-based B2B payments network live
Singapore's Land Transport Authority (LTA) has added Visa cards to its contactless transit payments initiative, SimplyGo.SimplyGo allows commuters to use their Mastercard or Visa contactless bank cards or mobile phones to pay for travel on public transport. To use a bank card or contactless device, commuters are required to tap it on the fare reader at the train station gantry or on the bus when boarding and alighting. Commuters can also view their travel expenditure and history by registering for an account on the TransitLink SimplyGo Portal, the LTA said.The fares charged will be the same amount as if a commuter had used a travel card.According to Visa, the project with LTA will be one of Visa's largest implementations of contactless acceptance for transit globally, at 30,000 acceptance points. All banks that issue contactless-enabled Visa cards -- Bank of China, CIMB, Citibank, DBS, HSBC, ICBC Bank, Maybank, OCBC Bank, Standard Chartered Bank, and UOB -- will be available for … [Read more...] about Singapore adds Visa to contactless transit payments
Apple has a credit card now. The new Apple Card, expected to be available this summer, is designed to live inside the Apple Wallet app and be used in places that accept Apple Pay via iPhones. But there's also a physical card you can swipe anywhere, just like a normal credit card.Meanwhile, one popular card for tech-savvy shoppers is the Amazon Prime Rewards Visa Signature card, a partnership with Chase bank.Apple and Amazon are two of the biggest names in tech, and now each has its name on a credit card. So which one is the best? Let's take a look. Related stories Apple Card: After mocking credit cards, Apple creates one Apple Card won't drive Google, Samsung to offer their own credit cards If you get Apple Card, you may never be able to leave your iPhone Want an Apple Card? Better read the fine print Apple CardCash-back rewards: The Apple Card offers cash back that can be used anywhere, at any time. Use the cash back towards paying for groceries, paying a friend or paying down your … [Read more...] about Apple Card vs. Amazon Prime Rewards Visa: Which credit card is best for tech lovers?
A co-founder of cybersecurity company RSA who also co-developed its public key cryptography algorithm couldn't make it to the RSA Conference in San Francisco this year. It seems he couldn't get a visa from the US government.In a video message played at the major cybersecurity gathering, Israeli cryptography expert Adi Shamir -- the "S" in RSA -- said he hadn't received a response to his request for a tourist visa, despite having applied two months ago. More on the RSA Conference FBI director Christopher Wray dives into encryption debate Shamir also suggested that if he, a well-known and award-winning security expert, couldn't get a US visa, then it might be time to rethink where scientific conferences are held. Shamir is the Borman Professor of Computer Science at Israel's Weizmann Institute. He's well-known for his work on the RSA cryptosystem as well as identity-based cryptography. He's also a regular speaker on the cryptographers panel at the RSA conference each year. The … [Read more...] about Adi Shamir couldn’t get US visa to attend RSA Conference named for him
Visa has announced an investment in Brazilian digital payments processing technology platform Conductor as part of a strategy to get closer to the fintech community in Latin America and the Caribbean.The minority investment is the company's first fintech deal in Brazil and builds on the existing relationship between the companies.Backed by Riverwood Capital since 2014, Conductor serves retailers, banks and other companies and has a portfolio of about 100 clients and 69 million end customer payment accounts. The firm is connected to more than 135,000 merchant point of sales throughout the country.The partnership with Visa will see the development of issuer-focused solutions for tokenizing payments via mobile wallets and improving access to Visa APIs.The companies will also seek to expand the usage of push payments with Visa Direct, and increase acceptance of digital payments among small and medium businesses, among other initiatives. "Conductor's extensive experience as a technology … [Read more...] about Visa announces first fintech investment in Brazil