TOUR INSIDE OUR WORLD CLASS DATA CENTRE

The engine of global commerce VisaNet needs to run 24 hours a day, seven days a week, forever. At the heart of the facility, there are seven data centres that house enough cable to run from San Francisco to Rio De Janeiro. Here are the people and the newest place, Operations Centre East, that help make Visa transactions happen seamlessly.

View Post

WHO WILL LEAD THE PAYMENTS MARKET EVOLUTION - THE INDUSTRY OR THE CONSUMER?

George Lawson, Head of Emerging Products and Innovation for Visa, was on the side of the consumer at the recent Payments Innovation Forum “Great Debate” run by RFi. George argued that it’s up to the market and the consumer how they feel comfortable paying and that’s ultimately what will drive payment innovation. “So as we look to a future where mobile devices proliferate, our approach will be to allow innovation to occur in a way that is safe, secure and has the consumer at the centre. We are technology agnostic and are focused on supporting what enables a consumer-centric, secure experience” he said.

View Post

PINwise

Today Australia replaces signature with PIN at the point of sale. The move to PIN is an initiative of the Australian payments card industry.

There will be no change for visitors to Australia with overseas-issued Visa cards, who will be able to sign or PIN as previously. There is also no change to Visa payWave transactions.

Using a PIN is one of the many layers of security that protect a Visa transaction at the point of sale. Find out more about it here.

View Post

THE HIDDEN COST OF CASH

"While cash may be considered the poor man’s best friend, it also places a disproportionate burden on the poor."

Harvard Business Review gives an interesting insight on the hidden costs of cash. A number of facets of society are discussed in the story, including the consumer, businesses and government, highlighting the sometimes overlooked fees and charges associated with storing and managing cash. Read the full article here.

View Post

THE E-COMMERCE REVOLUTION

A humble online pizza order in 1994 has morphed into a $500 billion industry today. Shopping online has become an increasingly important way for consumers, particularly in the Asia Pacific, to shop for everything from groceries to cars with approximately 29 million online transactions happening every day. View the video to see how e-commerce has evolved over the past 20 years.

View Post