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Payments General

Visa unveils beta API on Visa Next for new payments functionalities

Tuesday 23 April 2019 | 02:21 PM CET

Visa has released a new set of beta-API’s under a payments platform called Visa Next that it says will help reimagine how consumers can access and manage their funds.

The API’s will offer the following functionalities:

  • Create new on-demand digital payment accounts that combine multiple digital services from Visa

  • Add newly issued or existing cards to the platform

  • Instantly activate and tokenize digital accounts for ecommerce or mobile wallets

  • Enable a consumer’s mobile device for contactless or QR payments using tokens

  • Deliver detailed transaction data for real-time transactions or authorization decisions

  • Configure specific rules around transactions, for example spending limits, merchant type, purchase channel or geographic boundaries.

  • Share digital companion cards or control access in real time

Another example would be if consumers in Asia have an app wallet that just operates within a single country, there could be a new app that allows Visa partners to turn that wallet into a Visa card that operates into a digital payment card on their mobile device, operating across more than 200 different countries.

More: Link
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