Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
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