Welcoming a New Era of Payments with #Visa and #Applepay

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Monday, October 20 is a historic day for payment innovation. Today Apple Pay backed by the power of Visa’s network is live and is changing the way people pay.

To mark the occasion, Visa took to the streets of New York City and San Francisco to get people up and running with Apple Pay.  And they did it with the help of some familiar faces.

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Join the Excitement of Apple Pay Launch Day!

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Rain can’t stop this celebration! Visa and Wells Fargo have teamed up in honor of the launch of Apple Pay today with pop-up events in San Francisco, and you will never guess who will be there! Take advantage of the lull in the rain and come check out the festivities. 

Throughout the day, you can stop by to see product demos, load your Wells Fargo Visa cards in Apple Pay and enter to win prizes. Visa and Wells Fargo will give the first eligible attendees a $500 Wells Fargo Visa gift card.

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Nearly Half of U.S. Merchant Terminals to Accept Chip in 2015

Acquirer Projections for Largest Payment Market’s Merchants Indicate Strong Momentum Toward Enhanced Security

The Payments Security Task Force (PST) today announced a forecast of participating acquirers who estimated that at least 47 percent of U.S. merchant terminals will be enabled for EMV chip technology by the end of 2015. The estimates are based on forecasts provided by acquirers representing approximately 80 percent of U.S. purchase volume. 

Organizations participating in the forecast include First Data, Bank of America Merchant Services, Citi, Chase Paymentech, Vantiv, Elavon, Wells Fargo and Global Payments. 

Today’s announcement complements a similar forecast from card issuers in August, where nine of the country’s largest payment card issuers estimated they would issue more than 575 million chip-enabled payment cards by the end of 2015. The PST plans to update both card and terminal forecasts on a quarterly basis. 

“This forecast reflects efforts across the industry over the past two years,” said Chris McWilton, president, North American Markets, MasterCard. “Retailers, issuers, acquirers and others have addressed consumer concerns head-on and have begun to make the investments to further enhance the security of their payments. We will continue to work to deliver the same levels of security both in-store and online.”

Read the full press release.

Learn more about Visa chip technology.

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TruBee Honey: Sweet Smell of Success

Congrats to Visa’s small business partner TruBee Honey on being a finalist in the Martha Stewart American Made Awards! Watch their inspiring small business story now.

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Visa Checkout’s “Out of Time” Up to #3 Most Viral Brand Video 

With over 4.2 million views this week, the Visa Checkout “Out of Time” spot has risen to #3 on the Visible Measures viral video chart, according to Ad Age.  

Read the full article here

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NFIB/Visa Economic Roadshow

Earlier this week, chief economists for Visa and the National Federation of Independent Business (NFIB) kicked off a national economic road show aimed at presenting unique intelligence on the state of the economy to small business owners, federal and state legislators and local media.

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globalmatters:

Agents of Change

Cherie Blair Foundation and Visa partner to support Nigeria’s female entrepreneurs as mobile banking agents

This week at the Clinton Global Initiative 2014 Annual Meeting, Mrs. Cherie Blair, wife of former British Prime Minister Tony Blair, announced an exciting partnership between the Cherie Blair Foundation for Women, First Bank Nigeria, the Youth for Technology Foundation (YTF) and Visa. This partnership is providing women entrepreneurs in Nigeria with an innovative, mobile technology solution to meet one of the greatest challenges facing the world today: financial inclusion in emerging economies.

Read more on the Guardian Financial Inclusion Hub.

Author: Stephen Kehoe

Source: Guardian

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Welcome iPhone 6

Everyone at Visa is very excited about today’s availability of Apple’s iPhone 6 and iPhone 6 Plus.  It won’t be long until consumers can use their iPhones to pay for things in a new, highly secure way.

We couldn’t be more proud of developing the technology that makes Apple Pay a secure way to pay, and we can’t wait to see it in action.  Until then, congratulations to Apple on this important day and to all of the partners involved.

Jim McCarthy, SVP

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Finding Top Technologists

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By Rajat Taneja, Executive Vice President, Technology, Visa Inc.

In a pivotal scene in the movie Moneyball, Billy Beane, general manager of the Oakland A’s (played by Brad Pitt), is confronted by Art Howe, team manager (Philip Seymour Hoffman), about scouting team players. It’s portrayed as a clash of philosophies — tradition and instinct against modernity and analytics. Spoiler alert: science wins.

In many ways, hiring top talent is subject to the same dueling ideologies and is playing out with the same results. In the book Great by Choice, the authors Jim Collins and Morten T. Hansen identify 10x-ers as companies and individuals that add or deliver ten times greater value than their peers.

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