The new program is designed to allow Value Added Resellers (VARs), Acquirers and other payment gateway providers serving merchants with payment solutions to directly connect to VisaNet, Visas global processing network, via an XML-based API that is currently in development and expected to be available by summer 2011.
This is intended to expedite the delivery of new services and offer merchants an enhanced payment processing solution, as well as provide direct access to Visas processing services.
How It WorksVisas new program, which is expected to be available to qualified partners in Q3 2011, is designed to allow VARs, Acquirers and service providers to directly connect to VisaNet through an information-based API using XML.
This is set to enable them to manage and certify to one connection for all payment types, and establish a direct communications access channel for payments and information passing through the processing hub of Visa. This can benefit VARs, acquirers and other payment providers by enabling them to offer merchants access to real-time processing services and information-based products offered by Visa.
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