PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Visa Europe Introduces Partial Authorization and Balance Return for Prepaid Cards

Mercator Advisory Group by Mercator Advisory Group
October 12, 2011
in Analysts Coverage
0
Financial Technology concept on the gearwheels, 3D rendering

Financial Technology concept on the gearwheels, 3D rendering

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

To make prepaid cards more appealing and convenient, Visa Europe now makes it possible for consumers to place remaining balances on a Visa prepaid card (in combination with other payment methods) to complete a transaction.

Given that prepaid card products such as Visa Prepaid are typically linked to finite funds, cardholders need to keep a close watch on their spending. Partial Authorisation means consumers can use all of the funds available on their card in combination with another payment method for purchase amounts that are greater than the available card balance, while Balance Return ensures cardholders are made aware of their remaining card balance through a printed reminder on sales receipts after each transaction.

Fiona Duncan, Head of Prepaid for Visa Europe said: “… Ultimately, these services make it easier for issuers, acquirers and merchants to accept Visa Prepaid cards as partial or full payment for goods and services.

Both services are immediately available to Visa Europe members and their acquiring partners following successful trials in Poland and Italy.

The European prepaid card market is booming –especially for open-loop products that carry card networks’ logos. Visa Europe and MasterCard currently dominate the market as emerging European card networks are getting on their feet. For Mercator research on Global Prepaid Market, click here.

Read original story here: http://www.finextra.com/news/announcement.aspx?pressreleaseid=41370

Tags: Prepaid
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    legacy infrastructure

    How Modernizing IT Can Help Banks Compete With Fintechs

    February 7, 2023
    Buy Now Pay Later BNPL, B2B BNPL

    B2B BNPL Offers a High-Potential New Chapter in Payments

    February 6, 2023
    eCommerce On Social Media, social commerce

    The Rise of Social Commerce and Social Payments

    February 3, 2023
    Electroneum AnyTask; ETN Crypto, sales enablement

    Ethical Financial Selling: The Role of Compliance Technology and Sales Enablement

    February 2, 2023
    direct deposit

    Nacha Launches Campaign to Reach Millennials on the Benefits of Direct Deposit

    February 1, 2023
    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023
    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Equinix report - Dojo Delivers Fast, Reliable and Secure Card Payments to Businesses on Platform Equinix