Visa Reimagines Payment Acceptance for the ‘Click-and-Mortar' Era
17 Avril 2024 - 1:00PM
Business Wire
Visa Acceptance Solutions helps accelerate
growth for merchants with new digital enablement offerings
With a new fast-growing segment of ‘Click-and-Mortar™, shoppers
who rely on digital features to shop both online and in-store1,
merchants are managing complex technology as they work to provide
consistent payment experiences. Visa (NYSE: V), a global leader in
digital payments, is offering sellers expansive, simplified
services to keep pace with those demands.
“The payments sector has made significant strides in simplifying
the consumer shopping experience. In doing so, the payments
ecosystem has become more complex and fragmented for sellers -- but
it doesn’t have to be this way,” said Rob Cameron, Global Head of
Acceptance Solutions, Visa. “Visa Acceptance Solutions allows
businesses worldwide to offer their customers best-in-class payment
options without over-indexing on complexity for themselves.”
Visa’s latest enhancements support merchants of all sizes with
new and improved commerce experiences including:
- Improved access to and ease of integration with
partners: Visa Acceptance Platform is debuting Developer
Assist, an AI-powered tool to help partners develop sophisticated
payment flows, answer questions on testing and certification and
even suggest sample code. The platform, which is used by more than
450 payment service providers (PSPs), connects to over 100
independent software vendors (ISVs), bringing ease of use to over
450,000 active merchants each month across 160 countries using 50
different currencies2.
- A reimagined small and medium-sized (SMB) business
platform: Authorize.net has reimagined its user interface (UI),
bringing data and streamlined day-to-day business operations to the
forefront. The new UI has benefits for both partners and merchants
across new dashboards, workspaces and smart search
functionalities.
- Growing mobile acceptance, without additional hardware:
Tap to Phone, which allows sellers to accept contactless payments
using a certified smartphone, is now live in 121 countries with
more than 6.7 million active terminals and more than $8.5 billion
in payment volume on a 12-month basis3. Visa is also deploying
contactless technology from Tap to Phone in new innovative ways,
including the recent pilot in Latin America and the Caribbean that
allows consumers to tap their cards to their own device in order to
pay for online purchases.
“The past few years have had a profound and lasting impact on
the commerce strategies for merchants of every shape and size.
Consumers desire immediacy and increasingly expect digitally
evolved experiences. To keep pace with this trend, merchants are
now looking for partners to help them simplify their ability to
maintain connectivity to the ecosystem,” said Jordan McKee,
Research Director at S&P Global Market Intelligence 451
Research.
One Expansive Ecosystem to Open Possibilities for
Connectivity
Visa Acceptance Solutions offers a level of connectivity and
flexibility that businesses can’t build on their own without heavy
technology investment, underscoring the importance of integrating
digital and physical retail. As a part of Visa’s value-added
services, cloud-ready solutions like the Visa Acceptance Platform
and Visa’s Tap to Phone payment solution have helped clients scale
their businesses and tailor their payment systems to meet consumer
needs.
To learn more, visit Visa Acceptance Solutions.
About Visa
Visa (NYSE: V) is a world leader in digital payments,
facilitating transactions between consumers, merchants, financial
institutions and government entities across more than 200 countries
and territories. Our mission is to connect the world through the
most innovative, convenient, reliable and secure payments network,
enabling individuals, businesses and economies to thrive. We
believe that economies that include everyone everywhere, uplift
everyone everywhere and see access as foundational to the future of
money movement. Learn more at Visa.com.
This Press Release is intended for illustrative purposes only.
It contains depictions of a product currently in the process of
deployment and should be understood as a representation of the
potential features of the fully deployed product. The final version
of this product may not contain all of the features described in
this presentation.
This Press Release may contain forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995 that relate to, among other things, our future prospects,
developments, strategies, and business growth. All statements other
than statements of historical fact could be forward-looking
statements, which speak only as of the date they are made, are not
guarantees of future performance and are subject to certain risks,
uncertainties, and other factors, many of which are beyond our
control and are difficult to predict. Except as required by law, we
do not intend to update or revise any forward-looking statements as
a result of new information, future events or otherwise.
1 2024 Global Digital Shopping Index, PYMNTS and Visa Acceptance
Solutions
All brand names, logos and/or trademarks are the property of
their respective owners, are used for identification purposes only,
and do not necessarily imply product endorsement or affiliation
with Visa.
2 As of March 2024 3 As of March 2024
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version on businesswire.com: https://www.businesswire.com/news/home/20240417120478/en/
Emily Scheer escheer@visa.com
Visa (NYSE:V)
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