29 June 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Visa opens up to developers

04 February 2016  |  14919 views  |  4 Visa logo

Visa is vowing to transform from a payments network to an open platform through the launch of a developer portal that gives banks, merchants and tech firms access to its technology, products and services.

At launch, the new Visa Developer platform will offer access, via APIs, to some of the card network's most popular payment technologies and services, including account holder identification, P2P payment capabilities, in-store and online payment services such as Visa Checkout, currency conversion and transaction alerts.

Developers get access to a portal for searching Visa’s suite of payment products and services; an open platform that provides access to hundreds of Visa APIs and software development kits; a testing sandbox that offers application developers a plug and play experience, as well as access to Visa test data; and engagement centres designed to foster collaboration and co-creation with application developers in key markets like San Francisco, Dubai, Singapore, Miami and São Paulo.

"As the leader in payments we have an opportunity to transform global commerce by opening-up access to our global network and supporting our clients, industry partners and innovators in their pursuit of creating new, easier and more secure ways to pay," says Charlie Scharf, CEO, Visa. "Visa Developer represents not only a new access point to our network, but a new distribution platform for Visa products and services globally."

Capital One, National Australia Bank, Scotiabank, Tsys and US bank are among a host of firms to have already taken place in beta trials of the new platform.

Dominic Venturo, chief innovation officer, US Bank, says: "Banks and collaborators in the FinTech industry that are committed to delivering customers faster, more efficient and secure financial services need to test, learn and deploy new ideas quickly in order to remain competitive. Collaboration is key, and the developer portals and tools offered by Visa enable US Bank to bring new ideas to reality for our customers more quickly and with less development investment than traditional approaches."

Comments: (4)

Alexander Peschkoff
Alexander Peschkoff - TEDIPAY - London | 04 February, 2016, 20:56

Names of some services are confusing. E.g. Visa Checkout which - if I understand it right - works with other cards too.

But a great move, overall. MasterCard, where are you?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
A Finextra member
A Finextra member | 04 February, 2016, 21:14 Will it include BASEI/VIS/SMS (Authorisation) and BASEII (Clearing)? Its hard for ISV's to access these specifications legitimately so it would be great if Visa and MasterCard open them up - officially.
Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
A Finextra member
A Finextra member | 05 February, 2016, 10:31

MasterCard has been engaging 'openly' for a while now:

https://developer.mastercard.com/portal/display/api/API

#oldnews

2 thumb ups! 2 thumb ups! (Log in to thumb up)
A Finextra member
A Finextra member | 11 February, 2016, 13:20

Visa Checkout is the online wallet service Visa provides where you can securely store your payment card details securely and pay with a password instead. It is the PayPal equivalent in a way and Visa had a similar product called V.me for the European market which is no longer available I believe and I am sure Visa would roll out Checkout to Europe soon. 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Visa/MasterCard EU dominance adds impetus to calls for bank-backed competitor

Visa/MasterCard EU dominance adds impetus to calls for bank-backed competitor

02 December 2015  |  7955 views  |  4 comments | 10 tweets | 17 linkedin
Visa Inc agrees EUR21.2 billion deal for Visa Europe

Visa Inc agrees EUR21.2 billion deal for Visa Europe

02 November 2015  |  10212 views  |  3 comments | 24 tweets | 27 linkedin
Fintech players team on API ecosystem

Fintech players team on API ecosystem

16 September 2015  |  10451 views  |  2 comments | 29 tweets | 19 linkedin
Visa, Citi, Nasdaq, Fiserv and Capital One back blockchain startup Chain

Visa, Citi, Nasdaq, Fiserv and Capital One back blockchain startup Chain

10 September 2015  |  13656 views  |  0 comments | 25 tweets | 19 linkedin
Stripe lands new funding; signs deal with Visa

Stripe lands new funding; signs deal with Visa

28 July 2015  |  9375 views  |  0 comments | 16 tweets | 18 linkedin
Visa Europe opens innovation hub

Visa Europe opens innovation hub

01 May 2015  |  21060 views  |  2 comments | 39 tweets | 23 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.finastra.comvisit www.events.sap.com

Top topics

Most viewed Most shared
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
9344 views comments | 19 tweets | 38 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
8980 views comments | 10 tweets | 6 linkedin
hands typing furiouslyThe EU and blockchain: taking the lead?
7729 views 0 | 8 tweets | 7 linkedin
Mastercard eyes opportunities to profit from sharing economyMastercard eyes opportunities to profit fr...
7374 views comments | 6 tweets | 6 linkedin
Body blow for PayKey as Apple orders Westpac off its turfBody blow for PayKey as Apple orders Westp...
6979 views comments | 12 tweets | 14 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job