Magento 1 Support Ends June 30, 2020 And Security Is A Problem

Magento 1 support ends on June 30, 2020

Adobe will officially stop supporting Magento 1 installation after Tuesday, June 30, 2020. When Adobe purchased Magento, Magento had already transitioned development from Magento 1 to Magento 2, mostly fixing bugs, security holes, and adding very few features to Magento 1. After Adobe purchased Magento, it quickly expanded the development of Magento 2. Unfortunately, for […]

Visa Launches Digital Tool To Combat New Account Fraud

Woman with binary concept depicting fraud and security concept

Visa launches a digital tool to help U.S. financial institutions with their efforts to combat new account fraud – estimated at $10 billion a year – and give consumers greater peace of mind. Advanced Identity Score combines Visa’s artificial intelligence and predictive machine learning capabilities with application and identity related data to generate a risk […]

Visa Supports Small Businesses and Women Entrepreneurs Every Day

Visa

Small and micro-businesses are facing an unprecedented challenge in light of COVID-19. In the U.S., nearly two-thirds have temporarily closed or are planning to so in the next two weeks. Around the world, small and micro-businesses account for more than 90% of global businesses and 50-60% of global employment. Supporting these small and micro-businesses to […]

Visa Overhaul to Interchange Rates Will Raise Online Merchant Rates

Visa CNP fee increase

Visa is planning changes to its interchange rates, also commonly known as swipe fees, that will likely result in higher transaction costs for most online commerce. A document Visa circulated to banks outlining the change and seen by Bloomberg will vary depending on how a consumer purchases goods or services. Some service sectors, such as […]

VISA Study Shows Online Merchants Expect Growth Through Global Sales

VISA GME Study

Online businesses see a world of opportunity for cross-border sales and executives are ready to take action. According to The Visa Global Merchant eCommerce Study (Visa GME Study), eCommerce leaders globally view international expansion and finding new cross-border customers as critical to driving growth, particularly heading into the prime holiday shopping period. A vast majority […]

Visa to Acquire Fintech Firm Plaid

Visa Inc. has signed a definitive agreement to acquire Plaid, a network that makes it easy for people to securely connect their financial accounts to the apps they use to manage their financial lives. Visa will pay total purchase consideration of $5.3 billion to acquire Plaid. Plaid’s products enable consumers to conveniently share their financial […]

QuickBooks Now Offers Instant Direct Deposit with Visa

Worried Business Owner

Cash flow is one of the most significant challenges facing a small business’ growth. According to a report from Intuit, 69% of small business owners have been kept up at night about issues related to cash flow and 61% of businesses have regular issues with cash flow. In an effort to continue to solve cash flow […]

Visa Releases New Suite Of Security Capabilities To Fight Payment Fraud

Mobile Payment

Visa announced a suite of innovative security capabilities to help prevent and disrupt payment fraud, breaking new ground in cybersecurity and fraud prevention. The new payment security services and capabilities help protect the integrity of the payments ecosystem by detecting and disrupting fraud threats targeting financial institutions and merchants, as revealed at the Visa US […]

Visa says now is the time to secure happy shoppers for busy fall season

Visa Token Service

Consumers rely more and more on devices to make purchases as commerce is increasingly shifting online. The need to offer an easy and safer online way to pay is more important than ever. Savvy merchants realize that tokenization, which replaces private account data with a unique token, can safeguard consumer data and their own data. […]