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NewsBriefs

This article contains excerpts from news stories recently posted under
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Visa seeks P2P interoperability

Visa wants to bring interoperability to the person-
to-person payments space. The company will begin
testing Visa+, a service designed so folks can send
money seamlessly across platforms without the need
for personally identifiable information. With Visa+,
users create personalized payment addresses linked to
their P2P payment accounts. First to test Visa+ later this
year will be PayPal and Venmo.

While Venmo is owned by PayPal, there is no
interoperability between the two platforms. With Visa+,
someone will be able to initiate a payment on PayPal
for instant delivery to a registered Venmo user. General
availability of Visa+ is slated for mid-2024.

"Consumers continue to seek simple and seamless ways
to digitally move money between friends and family,
including the ability to send money between different
payment platforms," said Chris Newkirk, global head of
new payment flows at Visa.

"Through this collaboration, Visa+ can help break down
barriers for payment app users as they connect, engage
and move money."
Credit card processor to pay
out $650K for helping scammers

Multinational payment processing company Nexway is
on the hook for $650,000. The money is slated to be paid
to U.S. consumers defrauded by off-shore tech support
scammers that used Nexway to gain entry to the credit
card networks.

Nexway, its subsidiaries and two officers could have
been on the hook for more—altogether $49.5 million—
but most of that court-ordered monetary judgment was
suspended, "based on the defendants' inability to pay
the full amount," the Federal Trade Commission said in
an April 17, 2023, statement.

A complaint filed in U.S. District Court for the District
of Columbia, by the Department of Justice on behalf
of the FTC, alleges Nexway and its subsidiaries, along

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