Visa

Russia plans to oblige national payment systems to transfer the authentication function of bank customers for online payments to the National Payment Card System (NSPK). This is stated in the amendments to the law "On the national payment system," awaiting a second reading. This is a 3D Secure protocol that provides additional security when making online purchases and other cash transactions. An SMS, […]

Payment giant Visa Inc has launched a corporate payment network B2B Connect based on the blockchain, reports Reuters. The network was created to improve the efficiency of cross-border payments between financial institutions. In particular, B2B Connect implies fast and inexpensive payments without the involvement of intermediaries. Currently B2B Connect serves 30 payment corridors, the number of which Visa plans to increase to […]

Venezuelan authorities have ordered the termination of operations with payment systems Visa and MasterCard because of sanctions from the United States. This is stated in a joint statement by the Central Bank of the country and the Department for Supervision of the Banking Sector under the Ministry of Economy and Finance, signed on May 16. It is expected that operations on debit cards Visa and MasterCard will be stopped from November 30, 2019, […]