V News & Events

Federal Trade Commission Chairman Andrew N. Ferguson sent letters on Thursday to four major financial infrastructure platforms and payment providers reminding them of their obligations to their customers under the FTC Act. The letters issued to the CEOs of PayPal (PYPL), Stripe, Visa (V) and Mastercard (MA) raise concerns about publicly reported examples of financial services companies denying their customers access to services due to their political or religious views. "Full participation in commerce and public life necessarily requires that law-abiding individuals can access, and freely participate in, our financial system," Chairman Ferguson wrote. The letters warn the companies that any act or practice to deplatform customers or deny them access to financial products or services, or to facilitate such conduct by other companies, that is inconsistent with their terms of service or a customer's reasonable expectations may violate the FTC Act and could lead to an FTC investigation and potential enforcement action.

Visa unveiled an Enhanced Subscription Manager solution, a new value-added service within its Digital Issuer Solutions business. As the number of subscriptions worldwide is projected to reach 12 billion by 2030, consumers are seeking simple, transparent ways to track and manage recurring charges. In support of this, Visa is collaborating with Pinwheel, a leading provider of in-app bill management capabilities. Visa's Enhanced Subscription Manager will be available to North American issuers in summer of 2026, followed by expansion to Latin America and the Caribbean. Visa designs and develops products to enhance the subscription billing experience for consumers, financial institutions, and merchants, with additional enhancements planned throughout 2026.

Visa announced it will join the Canton Network as the first major global payments company to serve as a Super Validator, to help extend privacy-preserving blockchain infrastructure to banks and financial institutions around the world. Visa will be one of 40 Super Validators on Canton.