Visa announced it has completed its acquisition of Pismo – a global cloud-native issuer processing and core banking platform. With the transaction complete, the combination of Visa and Pismo will provide clients with core banking and card-issuer processing capabilities across all product types via cloud native APIs. Pismo’s platform will also enable Visa to provide…
Visa and Visa Foundation made several announcements related to their ongoing commitment to support small and micro businesses (SMBs) across APEC and the world. First, Visa Foundation is pledging $100 million to support underserved and women-led SMBs in APEC economies over five years. Visa announced it has exceeded its three-year goal of digitally enabling 50…
Visa, a global leader in payments, announced a new $100 million generative AI ventures initiative to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments. As a pioneer of AI use in payments since 1993, Visa considers this initiative an…
Paysend, the UK Fin-Tech innovator, and Visa, the world’s leader in digital payments, announced a strategic collaboration enabling Paysend’s customers globally to send money in real-time to eligible Visa cards across 170 countries and territories. The five-year partnership aims to revolutionize international money transfers through Visa Direct, Visa’s real-time money movement network and builds on the…
Visa announced it has signed a definitive agreement to acquire Pismo, a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific and Europe, for $1 billion in cash. By acquiring Pismo, Visa will be positioned to provide core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards…
Visa announced the appointment of Chris Suh as Chief Financial Officer (CFO). Suh, who succeeds longstanding Visa CFO Vasant Prabhu, will serve as CFO Designate from July 10 until August 1, when he will assume full responsibility for the role. As previously announced, Prabhu will depart the Company on Sept. 30, 2023, after assisting in…
Visa, the world’s leader in digital payments, announced two senior leadership changes in the Asia Pacific region, with Chris Clark elevated from Regional President to Chairman, Asia Pacific, and Stephen Karpin named as his successor as Regional President, Asia Pacific. Both changes are effective 1 April 2023. Clark said: “Over the last ten years as…
Visa announced the appointment of Ryan McInerney as CEO, effective February 1, 2023. McInerney currently serves as President of Visa, a role he has held since 2013. He will take over as CEO from Alfred F. Kelly, Jr., who has served as the company’s CEO since 2016 and Chairman since 2019. Following McInerney’s appointment, Kelly…
Visa Inc. announced that Teri List has been appointed to its board of directors, effective April 11, 2022. List was executive vice president and chief financial officer of Gap Inc. from January 2017 until March 2020, and served as an advisor until June 2020. Prior to joining Gap Inc., she has served in various senior…
Visa announced that Frank Cooper III will join the company as Chief Marketing Officer (CMO) in May 2022. Cooper will also serve as a member of the company’s Executive Committee and report to Chairman and Chief Executive Officer (CEO), Al Kelly. “Frank is a rare mix of creative brand strategist with strong business acumen and…
Visa, the digital payments platform, has announced that it is looking for startups from across Asia Pacific to join the second cohort of their accelerator program. According to a statement, “the Visa Accelerator Program focuses on helping startups in Asia Pacific expand their business into new markets with a strong emphasis on identifying commercial opportunities…
Visa announced the promotion of two senior company leaders: Kelly Mahon Tullier to Vice Chair, Chief People and Administrative Officer and Julie Rottenberg to Executive Vice President, General Counsel. Both appointments are effective as of October 1, 2021. In her newly created position, Tullier will assume leadership of Visa’s People organization in addition to her current responsibilities as Corporate Secretary and head of Global…
Visa has announced that it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and fintechs to provide foreign exchange solutions for cross-border payments. The acquisition builds on an existing strategic partnership between the two companies and values Currencycloud at £700 million, inclusive of cash and retention incentives. The financial…
Visa has announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions, fintechs and merchants to build tailored financial management tools, products and services for European consumers and businesses based on their financial data. Visa will pay total financial consideration of 1.8 billion Euros, inclusive of…
Visa has announced a global strategic partnership with Goldman Sachs Transaction Banking to help businesses – large to small – move money around the world. The company said in a statement, “Through its implementation of Visa B2B Connect and Visa Direct Payouts solutions, Goldman Sachs will help its commercial and corporate banking clients simplify complexities…