Tag: visa mobile

Visa releases mobile payments developer platform

The credit card giant has launched its Visa Developer, providing access to some of its top transaction tech.

Visa has now announced that it has launched a new platform called Visa Developer, which provides access to some of the credit card giants most popular traditional and mobile payments services and technologies.

This new release provides access to a range of tech and services, and promises that more are coming soon.

This will include access to person-to person mobile payments capabilities, account holder identification, online payment services (like Visa Checkout), secure in-store payment services, as well as consumer transaction alerts and even currency conversions. The credit card company has confirmed that it will be opining up its payment capabilities access even more as 2016 progresses.

The Visa Developer platform for online and mobile payments has been in its beta phase for several months.

Visa launches mobile payments platformThere have been several companies that have come up with prototype mobile wallet apps based on the use of the Visa Developer platform. Among them have included: National Australia Bank, Emirates NBD, CIBC, Scotiabank, RBC, TD Bank, VenueNext, U.S. Bank, TSYS, and Capital One. This platform works by turning Visa’s various payment services and products into a mobile app programming interface (API).

Among the key features of the platform include:

• That it is a developer portal available around the world.
• It provides ways to search through the payment products and services at Visa.
• It offers sample code, documents, community interactions, reference apps, customer support, blogs and announcements.
• There is a testing sandbox through which a plug and play experience can be used by developers and to allow data to be tested by Visa.
• It is an open platform that allows hundreds of Visa SDKs and APIs to be accessed for some of the most popular products and capabilities the company has to offer.

Developers are able to use this platform to create online and mobile payments workflows such as push payments, peer-to-peer payments, merchant checkouts and even secure transactions through the use of tokenization. Mobile commerce, bill payments, and domestic/international remittance, among others, can also be created through Visa Developer.

Mobile security is coming to Visa to combat credit card fraud

Customers who are traveling may soon find it easier to charge their purchases with this added layer of protection.

When Visa customers travel to another country, a new mobile security feature from the credit card issuer may make it easier for them to be able to prevent fraudulent charges or having to overcome the automatic protection barriers that the bank may implement when trying to make a purchase.

The strategy is meant to make it easier, safer, and more convenient for Visa customers to shop abroad.

Travelers currently need to call their banks to tell them that they will be traveling, and where, or they risk having their cards frozen from the first moment that they are used in a foreign country. Visa is hoping to be able to prevent both of those occurrences from being required by using mobile security to be able to track the customer’s location and know that he or she is the one who is using the credit card when it is swiped at any terminal in the world.

The mobile security service uses geolocation technology to verify the customer’s position when a card is swiped.

Mobile Security - VisaThis lets Visa check to make sure that the customer and the card are in the same place when a purchase transaction is attempted on the card. This is done by checking the location of the customer’s mobile device. Should there ever be a mismatch, additional security measures will be taken in order to help to determine whether or not it is a legitimate purchase attempt, without necessarily cutting off the card, right away. This way, if a smartphone is left in a hotel room, it doesn’t necessarily mean that the customer will be without the use of his or her cards.

This method of using the location of the mobile device makes it less likely that a bank will be required to mistakenly decline a transaction that looks suspicious but that is actually legitimate. The company is working its mobile security feature into a module. This way, banks can incorporate it into their own mobile banking apps. Then, when a customer travels and tries to use the card, a partner of Visa, Finsphere – a geospacial analytics company – pings the app in order to be able to locate the customer’s device. That finding is then reported to Visa to see if it is a match.