BOLD Integrated Payments’ Post

Visa Brings Relief to Travelers with New Digital Card Replacement 📍 74% of U.S. travelers go with their cards. ➡ Losing a #card while traveling can be a stressful experience. Visa’s new Digital Emergency Card Replacement can send a digital #replacement card straight to the cardholder's #phone on behalf of their #financialinstitution, allowing them to #authenticate and add it to their #digitalwallet. ⭕ Are you curious? Learn how Visa is innovating to provide seamless journeys for travelers and boost customer satisfaction for card issuers: ☑ Go Digital: Travelers can reduce the inconveniences of cash by pre-loading Visa cards into #digitalwallets. ☑ Stay Informed: By activating transaction alerts, travelers can track spending in real-time and detect #fraudulent activity early. ☑ Quick Card Replacement: Travelers should report lost cards immediately. If supported by the issuer, Visa's service promptly provides a digital replacement. ☑ Alert Your Bank: Travelers should contact their card issuer before their trip to ensure the card will work in the countries to be visited. ☑ Opt to Pay in Local Currency: It is typically more cost-effective for travelers to choose to #pay in the local currency when given the option.

Step into the future with us! Debit, Credit or Loyalty - One card to rule them all' is no longer a dream, but a reality. Visa is revolutionizing the way you manage your funds, allowing seamless transition between funding sources all from one credential. A big shout out to Joanna Milewska for leading this innovation in CEE markets. Dive into our article to learn more and embrace the future of finance #VFC #Visa #Innovation

The #1 thing business owners overlook that leads to unexpectedly high payment processing rates 👇 Visa, MasterCard, American Express, Discover… it’s all the same, right? Wrong! Especially when it comes to payment fee structures. The types of credit cards your business accepts significantly affects your payment processing rates. Business cards and rewards cards come with higher interchange rates. A Visa travel rewards card might have as high as 4.7% interchange rate. 😱 These cards are popular with consumers because of the benefits they offer—points, miles, cashback. But who pays for these rewards? YOU, the merchant. So, how can you keep your processing fees low? ✅ Analyze Your Payment Data Use tools and analytics to understand the mix of cards your customers use. Look for patterns—are there specific card types that frequently get higher fees or chargebacks? ✅ Consider Level 3 Data Processing For businesses dealing with a lot of B2B transactions, level 3 processing can lower your rates by providing more detailed transaction data, such as tax IDs and invoice numbers. ✅ Educate Your Team Make sure your sales and accounting teams understand how different cards impact your rates. Train them to recognize high-cost cards and consider strategies to encourage the use of lower-cost options. ✅ Optimize Your Card Acceptance Policies You don’t have to accept every card. Some businesses choose to limit the acceptance of high-cost cards or implement surcharging and cash discount programs to pass on the fees to customers. By understanding and managing the types of credit cards your business accepts, you can gain better control over your payment processing costs. So don’t let high interchange fees surprise you—take a proactive approach to manage your expenses and improve your bottom line. Ready to take control of your payment processing rates? Start by reviewing your transaction data today! #PaymentProcessing #PaymentSolutions #InterchangeRates #LowerRates

Increased control, speed, and flexibility. Virtual cards are changing the game for business payments.   Delighted to see American Banker note our leadership in the space with Visa AR Manager, which allows merchants to accept virtual cards, and the continued partnership with Conferma Pay on new uses for Visa Commercial Pay. Read the full article: https://lnkd.in/etcQqtM8 #virtualcards #payments

Visa Launches Digital Emergency Card Replacement Leading card provider #Visa has #launched a new service for #travellers, Visa #Digital #Emergency #Card Replacement, amid rise of digital #wallets, empowering #financial #institutions to offer their #cardholders stress-free journeys #worldwide. 💳 Visa: Complementing Global #Customer Assistance #Services Meeting customer demand for more seamless and secure digital #payments, Visa’s Digital Emergency Card Replacement service also provides additional support to its Global Customer Assistance Services, while providing an added layer of #security to card issuers’ own emergency services. 📣 VISA’S DIGITAL PAYMENTS #TIPS FOR TRAVELLERS: 💠 #GoDigital: Travellers can reduce the inconveniences of cash by pre-loading Visa cards into digital wallets. 💠 #StayInformed: By activating transaction alerts, travellers can track spending in real time and detect fraudulent activity early. 💠 #QuickCard Replacement: Travellers should report lost cards immediately. If supported by the issuer, Visa's service promptly provides a digital replacement. 💠 #AlertYourBank: Travellers should contact their card issuer before their trip to ensure the card will work in the countries to be visited. 💠 Opt to #Payin #Local Currency: It is typically more cost-effective for travellers to choose to pay in the local currency when given the option. The launch of Visa’s new service comes after it extended a 40-year-long partnership with Lloyds Banking Group, providing the bank’s debit and credit cardholders with new innovative products and services as a preferred scheme partner.

Last week, Visa reported its Q2 2024 earnings (covering calendar Q1 2024), and Mastercard reported its Q1 2024 results.  𝗠𝗮𝘀𝘁𝗲𝗿𝗰𝗮𝗿𝗱 🆚 𝗩𝗜𝗦𝗔 - The Key Insights: It has been a positive quarter for the two companies, with net revenue increasing 10% for both players, and strong signs in the cross-border sides of the businesses, across both ecommerce and travel (see picture below👇). 𝗩𝗜𝗦𝗔 Q2 2024 highlights: ► Overall, Visa saw net revenue climb 10% YoY in its Q2 2024 results, to reach $8.8bn in the quarter. ► The company also saw payments volume increase by 8% YoY, while processed transactions grew by 11% over the same period to reach 55.5 billion. ► However, cross-border was a key growth driver for the company, with cross-border volume both in total and excluding intra-Europe climbing by 16%. 𝗠𝗮𝘀𝘁𝗲𝗿𝗰𝗮𝗿𝗱 Q1 2024 highlights: ► Mastercard saw Q1 2024 net revenue increase 10% YoY, or 11% on a currency-neutral basis, to $6.3bn. ► Gross dollar volume saw 10% growth worldwide to reach $2.3tn, with the US seeing 6% growth while the rest of the world climbed by 13%. ► Cross-border was a key growth driver for Mastercard, with cross-border volume growing 18% YoY on a local currency basis. Read the complete comparison, with more highlights and insights by FXC Intelligence here: https://lnkd.in/e5pxMXt8 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

Visa Direct transactions have grown by 20% !!! Creating a huge opportunity with potential flows of $200 trillion ! 🔹 Visa's Q1 results show continued growth💳📈 in consumer spending, particularly on travel, although growth rates are slowing. ( see ➡️ https://lnkd.in/dJZhyKKA ) 🔹New payment flows and value-added services are outpacing transaction growth in credit and debit channels. 💰 🔹Cross-border💸 🌍 volumes increased by 16% YoY, indicating strong global payment activity. 🔹 "Tap to pay" transactions account for 77% of face-to-face transactions worldwide, leading to increased spending and more frequent use. #DigitalPayments #ConsumerSpending #CrossBorderTransactions #TapToPay

Comparing Financial Giants - Visa, Mastercard, and American Express in Q1/Q2 #FY24 🚀 📊 A Deep Dive into Q1/Q2 #FY24 Income Statements of Visa, Mastercard, and American Express! 📊 Ever wondered how the top financial giants stack up against each other? Let's break down the latest figures from Visa, Mastercard, and American Express to understand their performance in Q1/Q2 #FY24. Visa Q2 FY24: Net Revenue: $8.8B (+10% YoY) Operating Profit: $5.4B (61% margin) Net Profit: $4.7B (53% margin) Key Drivers: Service ($4.0B), Data Processing ($4.3B), International Transactions ($3.0B) Mastercard Q1 FY24: Net Revenue: $6.3B (+10% YoY) Operating Profit: $3.6B (57% margin) Net Profit: $3.0B (47% margin) Key Drivers: Transaction Processing ($3.1B), Payment Network ($3.9B), Value-added Services ($2.4B) American Express Q1 FY24: Revenue: $15.8B (+11% YoY) Pre-tax Income: $3.1B Net Income: $2.4B (9% YoY growth) Key Drivers: US Consumer Services ($7.5B), Commercial Services ($3.8B), International Card Services ($2.7B) Insights: Visa leads with the highest operating and net profit margins, showcasing efficiency and strong revenue streams from multiple sources. Mastercard shines with a robust mix of domestic and international transaction processing, alongside significant growth in value-added services. American Express stands out with the highest revenue, driven by diversified business segments and substantial growth in consumer and commercial services. What This Means for #Investors: Understanding these income statements provides invaluable insights into the strategic strengths and market positions of these financial powerhouses. Each company leverages unique business models to maximize profitability and growth, offering diverse opportunities for stakeholders. Stay tuned for more financial insights and trends! 📈 Sources: App Economy Insights #Finance #Fintech #MarketResearch #Visa #Mastercard #AmericanExpress #IncomeStatement #Investing #FinancialAnalysis #BusinessGrowth #MarketInsights #ProfessionalAnalysis

In today's fast-paced business environment, efficiency and security in payments are more crucial than ever. Virtual cards—a solution that's transforming commercial payments. 🚀 Key Benefits: - Enhanced Security: Virtual cards reduce fraud risk with unique, single-use numbers and customizable limits. - Improved Spend Control: Set specific parameters for each transaction, ensuring greater control over business expenses. - Streamlined Processes: Automate payments and reconciliation, saving time and reducing errors. - Global Reach: Perfect for international payments, offering a flexible and scalable alternative to traditional methods. Whether you're managing supplier payments or employee expenses, virtual cards can drive efficiency, transparency, and control in your payment processes. It's time to rethink how commercial payments are handled. #Fintech #VirtualCards #CommercialPayments #Innovation

During #Carnival 2024, VCA identified a notable increase in the number of transactions with Visa payment credentials, indicating the growing acceptance and adoption of digital #payments. The number of Visa transactions during Trinidad Carnival 2024 increased by almost 20% in comparison to Carnival 2023, while contactless transactions more than doubled in growth. Get more insights: https://lnkd.in/gpMyW6W4. For more insights like this, follow Visa Consulting & Analytics (VCA). #VisaConsultingAnalytics #DigitalPayments