Visa news and archive

Cos partners with Visa and United Repair Centre on circular initiative

Fashion retailer Cos has become one of the first partners of Visa’s new Recommerce Behavioural Insights Lab, an initiative running experiments to understand how consumers can be helped in engaging with a more circular economy. The financial services firm hopes to partner with leading brands on the cause in order to aid in bridging the gap...

Business

American Express, Visa and Mastercard suspend operations in Russia

Visa, Mastercard and American Express have all suspended operations in Russia following the country’s invasion of Ukraine. In a statement, Stephen J. Squeri, chairman and chief executive at American Express, said: “In light of Russia’s ongoing, unjustified attack on the people of Ukraine, we are suspending all operations in Russia. “As a result,...

Retail

Amazon will not ban Visa from its UK payment options

Fashion brands and retailers selling on Amazon will be pleased the online giant has scrapped plans to ban Visa cards from its UK payment options. In an ongoing dispute between the credit card company and retailer, Visa was to be frozen out until an agreement was reached. “The expected change regarding the use of Visa credit cards on Amazon.co.uk...

Retail

Visa & Mastercard to cut fees on payments made with foreign credit cards in Europe

The European Commission has accepted an offer by Visa and Mastercard to significantly reduce the fee European retailers need to pay to the cardholder’s bank when a tourist or online shopper makes a payment using a credit card issued outside the bloc. Known as Inter-regional interchange fees or inter-regional MIFs, these fees will now be reduced...