Nearly 20% of all in-person Visa card transactions in the US are now contactless, with that proportion rising to more than 25% in Los Angeles, Detroit, Orange County, Miami and Salt Lake City, over 30% in San Francisco, San Jose and Oakland, and reaching 45% in New York, according to the card network’s Q1 2022 earnings call... More
KeyBank, one of the largest bank-based financial services companies in the US, has begun issuing contactless credit and debit cards to its customers... More
Chase, the largest credit card issuer in the US, is to begin issuing contactless Visa credit cards to “millions” of customers during the first half of 2019... More
“The US market is poised for significant contactless growth over the coming year,” Visa CEO Alfred F Kelly has told analysts... More
Visa CEO Al Kelly is planning for the day washing machines can make purchases — CNBC — “‘As the internet of things emerges and we see many more connected homes, connected cars and connected offices, you may end up with four, five, six, eight places in your home where you could actually buy from,’ Kelly told CNBC for Fortt Knox… ‘We at Visa are trying to make sure that we work with manufacturers around the world to create an on-ramp to facilitate payments from any of those locations,’ Kelly said. ‘We just want to be in the middle of that.’”
Visa chasing Indian payments market as mobile money gains traction — Developing Telecoms — “Visa CEO Alfred Kelly has affirmed the company’s goal to claim a ‘fair share’ of India’s incipient cashless payment market by offering low cost, low hassle solutions to merchants… ‘Because it’s an exciting market and a lot is going on, there’s a number of players trying to get into the market,’ said Kelly. ‘We clearly have to have a way that’s low cost, low hassle, low friction to enable merchants to sign up.’”
Visa CEO Charlie Scharf will resign on 1 December 2016 to be replaced by current Visa board member, and former president of American Express, Alfred F Kelly Jr... More
