Google’s Android Pay is the first partner to participate in the Visa
Digital Enablement Program
SAN FRANCISCO--(BUSINESS WIRE)--May 28, 2015--
Visa Inc. (NYSE:V) today announced a new program that connects financial
institutions and technology companies to simplify and accelerate the
roll-out of new payment and commerce services. Visa's new Digital
Enablement Program (VDEP) builds on the company's secure token
technology and adds a turn-key, toll-free commercial framework
accessible to more than 14,500 Visa financial institution clients and
leading technology partners around the world. Google, with its Android
Pay payment solution, is Visa's first international program partner.
Designed to simplify how partners access Visa's secure token technology,
Visa’s Digital Enablement Program provides:
Fast and easy integration: Financial institutions and
technology companies can achieve scale quickly by connecting to one
another through VDEP, with no need for a complex set of contractual
agreements and technology integrations.
No-cost commercial framework: Financial institutions, merchants
and technology companies can drive growth through a simple, scalable
commercial construct with no pass-through fees between technology
partners and financial institutions.
Robust security and consumer data protection: VDEP brings
together a powerful combination of secure token technology, risk and
fraud management services and customer data protections.
International scale and reach: Available to Visa’s 14,500
global financial institution clients, VDEP will offer banks and
technology partners Visa’s first platform for delivering secure mobile
and digital payment services on a truly international scale.
"With so many people using Android devices and a passionate developer
community, we couldn’t be more excited to have Google as a partner in
our program launch,” said Jim McCarthy, executive vice president of
innovation and strategic partnerships at Visa. “Through our new program,
financial institutions can take advantage of our secure token technology
to deliver the most popular mobile and digital payment services on the
market today to their customers.”
For more information visit: www.visa.com/digitalsolutions
About Visa Inc.
Visa Inc. (NYSE:V) is a global payments technology company that connects
consumers, businesses, financial institutions, and governments in
more than 200 countries and territories to fast, secure and reliable
electronic payments. We operate one of the world's most advanced
processing networks — VisaNet — that is capable of handling more than
56,000 transaction messages a second, with fraud protection for
consumers and assured payment for merchants. Visa is not a bank and does
not issue cards, extend credit or set rates and fees for consumers.
Visa's innovations, however, enable its financial institution customers
to offer consumers more choices: pay now with debit, pay ahead of time
with prepaid or pay later with credit products.
For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and
View source version on businesswire.com: http://www.businesswire.com/news/home/20150528006365/en/
Source: Visa Inc.
Amanda Pires, +1-650-445-8169