Visa and FIFA 2014 Technology

Visa Inc.and FIFA’s exclusive Financial Services partner for the 2014 FIFA World Cup Brazil, today shared its global FIFA World Cup activation program, which will enhance the sporting experience for millions of fans, clients and partners in 104 countries worldwide. Engaging film and print spots featuring Nobel Peace Laureates, alongside dynamic and interactive social engagement programs, and a seamless in-stadium payment technology experience, enables fans at the tournament, or anywhere in the world, to be part of the FIFA World Cup celebration.

VISA GLOBAL AVERAGE TICKETS

The average purchase transaction for a Visa-branded card in Canada hit $102.38 in 2013, dwarfing the average purchase transaction of $50.98 for U.S. Visa credit and debit cards. However, Visa’s huge U.S. debit card volume skews the figures. The average U.S. purchase transaction for a Visa credit card in U.S. last year was $84.37 and for a Visa debit card it came in at $37.41.

U.S. DEBIT CARDS 2013

The U.S. debit card market is slowly rebounding from the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Walmart-inspired anti-trust litigation and retailer steering to PIN debit, which severely cut debit card processing fees. In 2013, U.S. debit card gross dollar volume (GDV) increased 6.9% as Visa and MasterCard, combined, racked up $2.25 trillion in the U.S. debit card market.

Morpho to be EMV card supplier for Metrobank Cards

Morpho (Safran) announced that it will be the EMV* card supplier to Metrobank Card Corporation (MCC), one of the largest credit card issuers in the Philippines. Morpho will deliver nearly half a million EMV MasterCard- and VISA-branded credit cards to MCC. Morpho will provide the contact modules for its highly secure, global platform-compliant EMV product with a Java operating system, JMV Pro. The solution enables card issuers such as MCC to migrate their magnetic stripe cards to the more secure EMV chip card.

Global Travel Spend Up 6% Y/Y

Visa account holders continued packing their bags as aggressively as they did in 2011, according to 2012 Travel Snapshots. VisaVue Travel data showed spending by Visa account holders traveling to Brazil, Canada, Mexico and United States jumped 6% to $57 billion compared to 2011. With this, China knocked the U.K. out of the top three inbound countries traveling to the U.S. for the first time since 2009, up 30% Y/Y. Visa account holders from Brazil, Canada, Mexico and the U.S. showed more interest in Japan, boosting tourism spend in the country by an average of 25% to $948M while Visa account holders in Africa dramatically increased travel spending in the U.S. 17% to $585M on their Visa accounts.

Travel Spend Climbs to Pre-Recession Levels

Visa released its 2011 Travel Snapshot reports highlighting key spend insights from Visa account holders traveling to and from the United States, Canada, Mexico and Brazil. Visa account holders from these countries continued to increase spend on international travel-related purchases from 2010 to 2011, building momentum toward pre-recession levels. Travelers from the United States increased tourism spend on their Visa accounts by 7 percent, those from Canada by 11 percent, and Mexico by 19 percent. Most notably, travelers from Brazil increased international travel spend on their Visa accounts by 32 percent in 2011 – 43 percent of which was in the United States. Visa account holders from Brazil increased spend on travel to the United States by 41 percent, from $1.9 billion in 2010 to $2.7 billion in 2011, edging out the U.K. as the second highest total contributor to U.S. tourism revenue. Visa account holders from China increased travel spend within the United States by 61 percent, from $741 million in 2010 to $942 million in 2011.

Visa Expands EMV Offering to Keep Up With Issuance

U.S. financial institutions have reported issuing an estimated one million Visa-branded, EMV chip-enabled cards as of December 31, 2011. This following August 2011 plans to accelerate mobile innovation and the adoption of EMV contact and contactless chip technology in the U.S. The growing adoption of chip technology in the U.S. has been facilitated by Visa’s flexible approach to cardholder verification. Subsequent to this development, Visa is introducing its “Visa Chip Services” suite of solutions to help issuers implement programs using EMV chip technology, including NFC-based mobile payments. It help issuers adopt the latest payment technologies efficiently and with minimal infrastructure investment.

WageWorks Names Visa for Prepaid Employee Benefit Programs

Visa and WageWorks on-demand provider of tax-advantaged programs for consumer-directed health, commuter, and other employee spending account benefits, announced a new, multi-year agreement naming Visa as WageWorks’ preferred brand for prepaid employee benefit and health spending cards. Spanning a myriad of consumer directed benefit accounts, the relationship provides employers and their employees with the convenience, security, and reliability of a Visa prepaid card when accessing tax deferred money for qualified purchases. WageWorks provides nearly 10,000 employers with a broad array of consumer-directed benefit accounts, representing 24 percent of Fortune 500 companies and 40 percent of Fortune 100 companies across the U.S.

USA Tech to Maintain Payment Card Rate Structure

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve small-ticket retail industries is not increasing its credit and debit processing rates to its customers and will continue to accept Visa- branded debit and pre-paid cards in addition to all major credit cards, including Visa, MasterCard, Discover and American Express at its current processing rates. This is in response to MasterCard and Visa having increased regulated debit card interchange fees to the U.S. Federal Reserve regulated cap of .05% plus $0.22 per transaction as precipitated by the Durbin Amendment, a step that disproportionately impacts merchants who sell products or services for less than approximately eleven dollars per transaction.

Visa Launches contactless payments pilot

Visa Europe France is launching contactless payments deployment, given the successful deployment of contactless payments in May 2010. A number of Visa Europe’s member banks play a major role in the pilot, including Banque Edel, BNP Paribas, Banque Postale, Banque Populaire d’Alsace et Caisse d’Epargne d’Alsace (Groupe BPCE), Crédit Agricole, Crédit Mutuel-CIC, HSBC, LCL et Société Générale. The pilot focuses on the distribution of contactless payment terminals and cards. Visa Europe is also launching a campaign to help raise public awareness of the advantages and benefits of contactless technology with a poster campaign; a print media campaign; and a fleet of Visa-branded “Smart” cars bearing the slogan: “Visa contactless payment is coming to Strasbourg” [“le paiement Visa sans contact arrive à Strasbourg”].