Alexander Zverev made a spirited defense of embattled world number one Novak Djokovic on Saturday (January 15), saying his legacy will not be tarnished by the visa saga which has rocked the tennis world ahead of the Australian Open. Djokovic arrived in Melbourne with a medical exemption from Australia’s requirement for visitors to be vaccinated…
Visa Looks to Resolve Differences With Amazon
Visa Inc. believes it can resolve its problems with Amazon.com Inc., Bloomberg reports. Amazon recently declared its intention to ban the usage of the Visa credit cards issued in the United Kingdom due to the rising cost of accepting credit card payments, joining the likes of Walmart Inc. and The Kroger Co. Visa has long…
Visa Launches Global Cryptocurrency Advisory Services
Visa is launching a new global network of consultants and product experts providing advisory services to help its clients navigate and understand the world of cryptocurrencies, the company announced Wednesday. The digital payments company revealed in a statement that it is launching its “Global Crypto Advisory Practice” at a time when “digital currencies are taking greater hold…
Analysts Remain Divided Over Amazon’s Crusade on Visa
Bernstein analyst Harshita Rawat notes that Amazon.com Inc (AMZN) would stop accepting Visa Inc (V) credit cards issued in the U.K. starting on January 19, 2022. At the same time, Amazon offered some affected customers £20 to incentivize them to switch to another payment method. What Happened The analyst pointed out that the action does…
Santa Ana to Give Pre-Paid Cards to 20,000 Households
November 18, 2021
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SANTA ANA, Calif.—Twenty-thousand of Santa Ana’s most poverty-ridden households will be receiving a $300 prepaid Visa card as part of the city’s new Revive Santa Ana Stimulus Program. The city council unanimously voted Nov. 16 to spend $6 million of their $128.3 million in American Rescue Plan Funding to buy and distribute the cards in…
Amazon to Stop Accepting Payments Using UK-issued Visa Credit Cards From January
Amazon will stop accepting Visa credit cards in the UK from January 19, 2022, the online retail giant has said in an email to UK customers, citing high visa fee charges. “Starting 19 January, 2022, we will unfortunately no longer accept Visa credit cards issued in the UK due to the high fees Visa charges…
Hong Kong Authorities Deny Visa to Economist Journalist
November 13, 2021
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HONG KONG—Hong Kong authorities declined to renew a visa for a foreign journalist working for The Economist without any explanation, the magazine said. Sue-Lin Wong, who is Australian, was based in Hong Kong and covered Hong Kong and China. “We regret their decision. … We urge the government of Hong Kong to maintain access for…
US Arrests Chinese Businessman Accused of Visa Fraud
November 1, 2021
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A fugitive Chinese entrepreneur was arrested in Las Vegas last week for allegedly having used fraudulently obtained visas to enter the United States. Prosecutors accused 57-year-old Shi Jianxiang of lying about his names to obtain two non-immigrant visas, which he used to enter the United States in 2016. A federal magistrate on Friday denied him…
Visa Beats Profit Estimates on Travel, Online Spending Boom
October 27, 2021
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Visa Inc.’s quarterly profit topped Wall Street expectations on Tuesday, as a recovery in travel and an improving global economic picture drove volume growth at the world’s largest payment processor. But cross-border travel was still well below pre-pandemic levels, Visa said, with regions such as the Asia Pacific remaining closed. “Our business has been on…
EU to Tighten Visa Rules for Belarus Officials Over Migrants
BRUSSELS—The European Union will tighten visa rules for Belarusian state officials, Europe’s migration commissioner said on Wednesday, in retaliation for what she called Minsk’s aggressive effort to destabilize the bloc by pushing in illegal immigrants. The EU accuses President Alexander Lukashenko of orchestrating a sharp rise in illegal immigration arrivals across the Belarus border with…
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