Visa

The user called a fake Verizon customer service number, leading to unauthorized charges on their Visa debit card. A $255 charge was declined by their bank, but $336 and $730.30 charges went through before the scam was discovered. Verizon incorrectly confirmed the number was legitimate, and the user disputed the charges with their bank.

Circle’s USDC is surpassing Tether in stablecoin volume, according to new data from Visa. The data indicates a shift in market share between the two stablecoins.

Open Standard launched Open USD, a stablecoin backed by over 140 financial institutions and technology partners, including Visa, Mastercard, and Stripe. The stablecoin aims to create a shared infrastructure for tokenized dollars, with governance managed collectively by a board of partner organizations. Its economic model allows partners to mint and redeem tokens at no cost while sharing reserve earnings after a management fee.

Open USD, a new stablecoin, is challenging existing stablecoins USDC and USDT. It is supported by major companies like Visa, Mastercard, and Google.

The EU’s central bank is developing a digital euro to reduce reliance on payment services like Visa, Mastercard, and Apple Pay. The project's success depends on creating a user-friendly payment system while preventing a mass withdrawal of funds from bank savings.

Circle's stock declined as Coinbase, BlackRock, and Visa announced support for the forthcoming Open USD stablecoin. Coinbase is a key backer of Circle's USDC.

Visa, Mastercard, and over 140 companies, including Stripe, BlackRock, and Coinbase, launched Open USD, a dollar-pegged stablecoin designed to redistribute stablecoin market economics. The project aims to challenge existing stablecoins like USDC and USDT by offering no fees and sharing reserve income with users, managed by an independent organization.

A user who fell victim to a Steam account scam a month ago is concerned about the scammer's access to their personal information, including their address, name, and transaction history. They have changed their email and added Steam Mobile Guard authentication but are seeking advice on preventing future account compromises.

The EU aims to reduce reliance on U.S. payment systems like Visa, Mastercard, Apple Pay, and Google Pay by advancing a digital euro. The European Parliament's economy committee approved the initiative, with full approval pending. The ECB plans a 2029 launch if legal frameworks are approved, emphasizing privacy and offline functionality.

Blockchain data startup Allium secured a $40 million Series B funding round to expand its blockchain data infrastructure for institutional clients. The funding aims to support clients such as Visa and the Federal Reserve as institutional interest in onchain analytics increases.

Allium, a New York-based crypto analytics startup, raised $40 million in a Series B funding round led by Amplify Partners, with participation from Kleiner Perkins and Theory Ventures. The company provides blockchain data analytics to institutional clients like Visa and the U.S. Federal Reserve, positioning itself to capitalize on growing institutional interest in crypto and AI-driven financial transactions.

SpaceX's June 12 IPO achieved a $2 trillion valuation but left $16.7 billion in potential proceeds uncollected due to pricing strategies and the Green Shoe option. The first-day stock price rose 19%, aligning with historical averages, though the total 'left on the table' amount shattered previous IPO records.

Trump’s immigration policies are putting healthcare at risk by threatening the future of foreign doctors like Ali, an Afghan physician working in underserved West Virginia. Ali, who moved to the US in 2020 under a visa requiring service in doctor-shortage areas, faces uncertainty as his visa status is tied to current immigration restrictions.

Flutterwave, a Nigeria-founded fintech firm operating in 35 African countries, aims to expand through acquisitions and integrate Ripple's stablecoin to become Africa's primary fintech platform. The company secured a $3.25 billion valuation after an investment round including Ripple and has acquired Mono, a Nigerian startup, to enhance its consumer financial data offerings.

El Departamento de Estado de EE.UU. está ayudando a la madre del portero de Cabo Verde, Vozinha, a obtener una visa para asistir al Mundial, ya que no pudo pagar la tarifa. Vozinha destacó al frustrar a España en el primer partido de Cabo Verde, elevando su popularidad. El Departamento confirmó que los familiares de jugadores son exentos de la cuota de visa.

A Visa executive stated at the Visa Payments Forum that AI is transforming all aspects of Visa's operations.

Visa Group's president Oliver Jenkyn announced a new payments partnership with OpenAI. The collaboration focuses on integrating OpenAI's technology into Visa's payment systems.

Animoca Brands cofounder Yat Siu argues Asia will lead in integrating AI and blockchain before the West, citing Asia's comfort with money and the West's polarization between capitalism and anti-capitalism. He highlights blockchain's role in enabling autonomous AI transactions and criticizes credit card companies for high fees compared to on-chain transactions.

The European Commission has proposed plans for digital sovereignty, but critics argue they lack vision. A Slovenian national in the Netherlands lost access to US-based services like Apple, Amazon, and PayPal after being sanctioned by the Trump administration for her work at the international criminal court.

Businesses are increasingly charging fees for credit card transactions, raising concerns about potential debit card fees. However, debit card transactions, governed by Visa and Mastercard rules, currently cannot incur such fees. A restaurant owner in Iowa highlights the financial impact of credit card fees on businesses.

Businesses are increasingly charging fees for credit card transactions, prompting questions about potential debit card fees. Debit cards are currently exempt from such fees due to payment network rules enforced by Visa and Mastercard, but 40% of U.S. consumers use cashless payments weekly. Some businesses avoid passing credit card fees to customers but face financial impacts from these costs.

More businesses are adding fees for credit card transactions, prompting concerns about potential debit card fees. Debit cards are currently exempt from such fees due to payment network rules enforced by Visa and Mastercard, but merchants still absorb credit card processing costs.

Visa has integrated its payment network into ChatGPT, enabling AI agents to shop and complete transactions independently. This collaboration with OpenAI allows users to link Visa cards to ChatGPT for purchases at any Visa-accepting merchant, differing from OpenAI's previous e-commerce attempts like Instant Checkout, which failed due to high fees and errors. Security and trust remain key concerns.

Visa stated that stablecoins are reshaping the back end of commerce and announced new AI tools, tokenization features, and a partnership with OpenAI. The company is expanding its efforts in AI and tokenization technologies.

Visa is integrating its payment network with ChatGPT to enable AI agents to make purchases. The partnership, announced in San Francisco, includes measures like spending limits and fraud controls for transactions initiated by AI agents.

Visa has integrated its payment network into ChatGPT, enabling AI agents to shop and complete transactions for users. This collaboration with OpenAI differs from a prior, less successful Instant Checkout feature that was retired due to errors and high merchant fees.

Visa is embedding its payment network into ChatGPT, allowing the chatbot to shop and complete transactions for users. The integration enables AI agents to handle payment processes on behalf of users.

Visa has integrated its payment network into ChatGPT, enabling AI agents to shop and complete transactions for users. This collaboration addresses previous limitations of OpenAI's Instant Checkout, which was retired due to errors and high merchant fees, by allowing users to link Visa cards to ChatGPT for broader merchant acceptance and improved transaction security.

Visa has integrated its payment network into ChatGPT, enabling AI agents to shop and complete transactions for users. This collaboration with OpenAI allows users to link Visa cards to ChatGPT for purchases, differing from OpenAI's previous failed Instant Checkout feature. Visa emphasizes security measures like spending limits and fraud monitoring to address concerns.

A U.S. District Judge preliminarily approved a $38 billion swipe fee settlement involving Visa and Mastercard, deeming the revised agreement 'fair, reasonable, and adequate.' However, major retail groups have announced plans to challenge the decision further.

Visa's CFO Chris Suh downplays the significance of stablecoin and agentic commerce to the company's short-term growth, attributing recent revenue gains to traditional fiat transactions. While Visa has expanded stablecoin-linked card programs and tested AI-driven payments, only $7 billion of its $14 trillion annual settlements involve cryptocurrencies. CEO Ryan McInerney and Asia-Pacific head Stephen Karpin express more optimism about these innovations, highlighting potential in emerging markets and Web3.

A Visa study reveals 82% of Pakistanis use AI tools for shopping tasks like price comparison and product research, though only 42% trust AI to complete purchases. The study highlights growing adoption of AI in commerce alongside concerns about fraud and trust, with 55% of respondents experiencing financial scams, often on social media.

A top African referee was denied entry to the US and subsequently sent back to Somalia despite possessing the correct visa. The incident highlights a discrepancy between visa status and actual border entry decisions.

Rithm Capital is investing heavily to revitalize One Market Center in San Francisco, a downtown tower that previously housed Google and Visa but has since lost those tenants. The property, once a prime address, is now set for a transformation amid post-pandemic changes.

Visa is testing private stablecoin settlement on Canton with Brale to explore whether institutions can use blockchain without exposing sensitive transaction data.

The US imposed sanctions on Cuban President Miguel Díaz-Canel and senior officials, escalating its campaign against Havana. Economic measures include an oil embargo, Visa and Mastercard halting operations, Meliá closing hotels, and threats of military intervention.

Cuba faces economic strain from fuel shortages, declining tourism, and U.S. pressure, with international companies like hotels, Visa, and Mastercard exiting operations to avoid sanctions. The U.S. targets Grupo de Administración Empresarial (GAESA), a Cuban military-controlled conglomerate, while analysts suggest negotiations with the U.S. may be necessary for economic relief.

The Credit Card Competition Act (CCCA) is proposed to end Visa and Mastercard's monopoly on credit card swipe fees, which cost American families an additional $1,200 annually. The act aims to foster competition in the credit card industry.

Visa and Brale have initiated a proof of concept to test SBC stablecoin settlement with privacy controls on the Canton Network. The collaboration focuses on privacy-enabled transactions for stablecoin settlements.

Tether has launched a tokenized gold stablecoin Visa card that allows holders to spend their gold anywhere Visa is accepted and earn crypto rewards.