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NewsBriefs

This article contains excerpts from news stories recently posted under card. The platform's additional features give cardholders
Breaking Industry News on our homepage. For links to these and other security, flexibility, control and more ways to pay, they
full news stories, please visit www.greensheet.com/breakingnews.php. noted.
Merchants balk, Visa slashes interchange
Visa intends to slash interchange rates for small businesses.
The news came last week, as merchants were gearing up
to run an advertising campaign calling attention to what
Shift4 acquires Finaro amid global ecommerce boom one group describes as "the broken card market."

Shift4 acquired Finaro, a cross-border payment and Reuters reported Visa plans to slash interchange rates for
financial services provider specializing in international small businesses by 10 percent, effective in April. The news
commerce. Finaro, formerly Credorax, is a fully licensed agency said the plan was detailed in a Visa document that
bank that is expected to help the company expand its a Visa representative had confirmed the authenticity of.
global footprint and enhance its vertically focused
solutions. The combined entity will be better positioned Major payment brands exit Russia
to compete with world-leading cross-border payments
providers, representatives from both companies stated. Four of the largest retail payments networks are pulling
out of Russia in response to that country's invasion of
Mesh, Visa usher in post-PAN era Ukraine. Mastercard, Visa, American Express and PayPal
are suspending operations in Russia.
Mesh Payments, a corporate payment solutions provider,
in partnership with Visa, unveiled the Plug & Pay Visa All four said they will continue donating to humanitarian
business card, a hybrid payment card solution designed to relief funds helping Ukrainians. The pullout follows
protect cardholder data from fraudsters. the decision to boot Russian banks off of SWIFT, an
international messaging system that supports bank-to-
The companies described the product as a numberless bank wire transfers.
physical card that supports a hot-swappable virtual