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Visa news stories

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Fintech
Visa chooses NZ startup for APAC Accelerator Programme
Visa has selected New Zealand payments startup Cymonz for the 2022 cohort of its Visa Accelerator Programme in Asia Pacific.
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Cryptocurrency
Visa launches program to help SMBs navigate NFTs and crypto
Visa has launched a one-year immersion program designed to bring together a global cohort of entrepreneurs interested in building their business with NFTs.
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Cryptocurrency
When implementing eCommerce cryptocurrency payments, think safety first
More and more, consumers are looking for tangible utilisation of crypto in their everyday lives, and eCommerce companies are seeing this as an opportunity for new growth.
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Information Technology
IT issues resurface as 100,000 migrants eligible for fast-track residency
An estimated 100,000 migrants can apply for fast-tracked residence from today - though IT problems have stopped some being able to.
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Visa
Amazon and Visa reach agreement in ongoing dispute
After a substantial ongoing feud, Amazon and Visa have agreed to settle a dispute over the credit card giant's fees.
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Cryptocurrency
Cryptocurrrency: The next big thing Australia's banks need to keep an eye on
Banks should keep a finger on the pulse of the growing demand for cryptocurrency services, according to a global study by Visa.
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Glitch
'Such a mess' - IT teams work overnight to fix immigration glitch
Immigration advisers have described the first day of the country's new residence scheme as a shambles.
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Artificial Intelligence
Visa saves Kiwi businesses $88 million with AI-powered security
"We are investing more heavily than ever in technology that ensures a safe and secure marketplace - combatting fraud while enabling seamless, genuine transactions."
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Commerce Systems
Payment security vital as digital commerce resets in post-pandemic world
"The pandemic has greatly accelerated changes in consumer behaviour, commerce and hence digital payments."
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Fintech
Meniga partners with Visa to accelerate expansion in APAC
As part of the new partnership, Meniga will join the Visa Ready Program, signifying that the company’s solutions meet Visa’s standards regarding security and functionality, and granting Meniga the status of certified Fintech Enablement partner.
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Facebook
Global technology industry deals total $34.4bn in April 2020
The Asia Pacific region led activity in terms of value with deals worth $26.56bn.
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Mastercard
COVID-19: Contactless payment limit increased to $200
PaymentsNZ says the change will be progressively rolled out ‘over the coming days’, but may take weeks in some cases due to the number of cards, payment terminals and businesses involved. 
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Biometrics
Kiwis 'considerably' more likely to use biometric payments than Australians
The report finds 64% of New Zealanders are familiar with biometrics and 68% have used fingerprint recognition.
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Visa
The team dedicated to global data literacy
The Data Literacy Project has appointed eight data experts who aim to help organisations and individuals improve data literacy across the globe.
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Payment gateways
ThreatQuotient partners with Visa for payments safety
“Cyber criminals are reusing tactics, techniques and procedures, leaving a recognisable trail of breadcrumbs and insights into the very attacks they are launching.”
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Visa
Tourists want contactless as spend into NZ grows
Visa has released a report showing that tourist spend in NZ is growing and they want to use contactless payment systems.
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Visa
Visa’s cockup put down to ‘very rare’ data centre crash
51.2 million Visa payments failed to process on Friday 1 June (just in time for after-work drinks) and the company says it all came down to a switch.
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Visa
Kiwi adoption of contactless payments driving merchant growth
The study shows that for contactless merchants, growth in customer numbers (8.3%) was double that experienced by non-contactless merchants (3.5%).
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Cloud
ASB first bank in New Zealand to step out with Garmin Pay
ASB has teamed up with global wearable device company Garmin to give ASB customers on-the-go the ability to make contactless purchases.
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Cloud
Visa carves out security roadmap for consumer payment technologies
The payments industry should now be almost ready to embrace the future of consumer technologies like biometrics, says Visa.
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Cloud
Visa acquires SaaS tech company Fraedom for US$197 million
The deal will expand Visa’s business suite of solutions serving the B2B payments industry.
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Visa
Auckland among top nine cities for digital payments leadership
More than three-quarters (77%) of New Zealanders own a contactless capable card.
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Competition
Entries open for Visa’s payments solution competition
Visa’s Everywhere Initiative challenges startups to use Visa APIs to create consumer or business-to-business payments solutions.
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Infrastructure
Visa expands global presence with not one, but TWO new data centres
​Visa has announced expanded transaction processing capabilities in two new data centres – one in Singapore and one in the United Kingdom.