February 7, 2016 -
Software application developers now have access to Visa’s payments technology, products and services through Visa Developer.
The new Visa Developer platform is designed to drive innovation in payments and commerce, offering access to some of Visa’s most popular payment technologies and services including account holder identification, person-to-person payment capabilities, secure in-store and online payment services such as Visa Checkout, currency conversion and consumer transaction alerts.
Visa plans to provide access to more of its payment technology over the next year.
“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,” said Charlie Scharf, chief executive officer, Visa Inc. “Visa Developer represents not only a new access point to our network, but a new distribution platform for Visa products and services globally.”
Financial institutions, technology companies, and start-ups have participated in beta trials of the new Visa Developer platform over the last few months and have already created innovative prototype applications using Visa technology. Trial partners included Capital One, CIBC, Emirates NBD, National Australia Bank (NAB), RBC, TD Bank, Scotiabank, TSYS, U.S. Bank and VenueNext.
According to a recent Accenture study, FinTech investments reached more than $12B globally in 2014.
Visa’s global developer program includes: a globally accessible developer portal to search Visa’s suite of payment products and services; an open platform with access to hundreds of Visa APIs and SDKs for some of Visa’s most popular payment products and capabilities; a testing sandbox that offers app developers a plug and play experience; access to Visa test data and Visa Developer engagement centers that are designed to foster collaboration and co-creation with application developers in markets like San Francisco, Dubai, Singapore, Miami and São Paulo.
“We are unbundling Visa’s full suite of products and services and giving developers open access to the underlying payment capabilities,” said Rajat Taneja, executive vice president of technology, Visa Inc. “We believe this will lead to the creation of entirely new commerce experiences with Visa technology integrated to enable greater security, scale and convenience when it comes time to pay. When you add the ability to distribute those new experiences across Visa’s global network, you can see why Visa Developer will become the preferred playground for developers everywhere.”
Visa’s vision for its global developer engagement program includes the creation of a marketplace that enables thousands of financial institutions, millions of merchants and technology companies to collaborate, share and search for innovative digital commerce applications and services.
“At VenueNext we’re on a mission to transform venue experiences, and a big part of this is making payments seamless for both the guest and the venue operator,” said John Paul, CEO & founder, VenueNext. “Working together with Visa’s development team was a joy as we quickly and easily integrated Visa Checkout into our technology platform. We’re looking forward to doing more together in secure payments as the credit card disappears into the smartphone.”