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OpenWay , a global provider of digital payment software, has supported the launch of Visa Flex Credential at Asia Commercial Bank (ACB) in Vietnam. For ACB, the introduction of Visa Flex Credential is expected to encourage faster card activation and increased usage, while also providing deeper insights into customer behaviour.
Today, Visa (V: NYSE) announced that the Flexible Credential is expanding to the U.S. The Visa Flexible Credential all started with a simple idea that consumers should easily be able to choose how they want to pay,” said Jack Forestell, Chief Product and Strategy Officer, Visa. consumers with the Affirm Card.
Visa has introduced its Flex Credential feature in Vietnam, allowing cardholders to choose between debit, credit, and other payment options using a single card. Beyond debit and credit, Flex Credential can also support loyalty point redemption and, in some markets, access to multiple currency accounts through a single card.
Mastercard is launching Mastercard One Credential, a single digitally connected credential with multiple ways to pay. With One Credential, Erica can tailor her payment preferences, so theyre optimized for her household expenses. Thats what sparked One Credential. Heres how it works.
Global contactless payment transaction values will increase from US$7.7tn in 2025 to US$18.1tn in 2030, a rise of 106%, market analysts Juniper Research predict. “NFC ticketing is projected to grow from 11.2bn transactions in 2025 to 44.8bn by 2030; driven largely by the metro sector.
Visa’s Flexible Credential card is now available in the U.S. Affirm will integrate VFC into its buy now, pay later (BNPL) Affirm Card, while UAE-based Liv will leverage VFC to enable multi-currency transactions through a single card. The VFC will automatically route the transaction to the account with the selected currency.
Serenity , a tech and blockchain solution provider, and IDEMIA Secure Transactions (IST), a global leader in payment and connectivity solutions, announced the launch of sAxess , a biometric security card to improve data access control, security, and recovery.
This foundational technology is reshaping how identity, consent, and value are managed in the digital economy, from safeguarding transactions to enabling new economic models. Many merchants also benefit from lower interchange and network fees for tokenised transactions, making it a cost-effective solution as well as a secure one.
In the near future, AI agents will browse, select, purchase, and manage transactions on behalf of users, making trust in payments more important than ever. trillion transactions. Soon, AI agents integrated into familiar platforms will be able to transact using Visa’s 4.8
Mastercard has introduced new global capabilities to enable stablecoin transactions from wallets to checkouts, expanding its role in digital asset payments. To address challenges in cross-border remittances, Mastercard is expanding its Crypto Credential service, which simplifies sending and receiving digital assets with verified usernames.
messaging, routing, authentication, credential lifecycle, and retries). “With algorithms trained on billions of data points from Checkout.com’s entire merchant portfolio, every transaction processed by our customers strengthens the network.”
While the SRF covers common phishing scams involving impersonation and unauthorized transactions, it does not include scams involving authorized transactions, such as investment scams and love scams. The SRF’s liability provisions do not extend to transactions involving credit cards, charge cards, or debit cards issued in Singapore.
Spreedly’s Just-In-Time Card Updates integration addresses this challenge by providing merchants with up-to-date card credentials precisely when they’re needed. Key Business Benefits: Improved Authorization Rates: Reduce declines caused by outdated card credentials and recover revenue from failed transactions.
The initiative aims to enable secure, seamless transactions through generative AI agents across consumer and business platforms. These tokens are intended to help AI agents complete transactions securely on behalf of users while maintaining transparency and user control.
The evolution represents more than enhanced security protocols, it constitutes a complete reimaging of payment credential architecture. By eliminating repeated credential input and enabling genuinely secure one-click transactions, it simultaneously addresses both the safety concerns and speed demands of modern consumers.
Hosted off-site Integrated into your store A hosted off-site gateway takes the customer away from your site to complete the transaction. These solutions don’t always allow you to retain the customers’ card data, meaning they will need to input this information for each transaction.
With an ever-growing reliance on online transactions, understanding the nuances of payment systems is essential. A good gateway should offer secure transactions and protect sensitive financial data. Transaction fees are another factor to consider. Fees and costs: Compare transaction fees, setup costs, and monthly fees.
payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry. The value chain in payment processing involves multiple parties that play specific roles in facilitating transactions. They also set interchange fees that cover transaction costs and risks.
As more transactions move online, fraudsters are leveraging increasingly advanced tactics to exploit vulnerabilities in onboarding and transaction processes. Criminals have become adept at forging documents, acquiring stolen credentials and creating synthetic identities that can easily pass basic KYC checks.
Banks commonly rely instead on outdated authentication methods like PINs, passwords, and repetitive verification steps, for even the simplest transactions. ” Bridging trust and experience in banking authentication As digital transactions speed up and user expectations rise, the pressure to modernize financial authentication only grows.
Finally, Visa shared the expansion of its Flex Credential platform, and new products and services that provide more ways for people to make and receive payments. trillion transactions. Soon consumers will enable AI agents via AI platforms to use a Visa credential (of which there are currently 4.8
” This adds to Praxis Tech’s existing data compliance credentials, including its adherence to the PCI-DSS Level 1 standard for safeguarding card payment data. This demonstrates that security excellence is not just a goal but a fundamental part of how we operate.”
messaging, routing, authentication, credential lifecycle, and retries). With algorithms trained on billions of data points from Checkout.coms entire merchant portfolio, every transaction processed by our customers strengthens the network.
eftpos Click to Pay transactions are processed using tokenisation, which replaces real card details (like card numbers) with a digital token. This token can be used for transactions but is useless if stolen, protecting sensitive card data.
Finally, Visa shared the expansion of its Flex Credential platform, and new products and services that provide more ways for people to pay and get paid. trillion transactions. Soon consumers will enable AI agents via AI platforms to use a Visa credential (of which there are 4.8 More details will be announced later this year.
Upon tapping, a unique one-time code validated by Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials and offering a significantly faster and more secure alternative to traditional methods.
The product aims to address long-standing challenges in crypto use, including the complexities of managing private keys and the historical risk of losing digital assets due to forgotten credentials. Transactions are free of charge, with near-instant settlement, although transfers are subject to compliance and risk controls.
Upon tapping, a unique one-time code is validated by Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials and offering a significantly faster and more secure alternative to traditional methods.
Klarna and Marqeta are launching a new debit card powered by Visa Flexible Credential (VFC), allowing users to pay now or later with the same card. BNPL giant Klarna has teamed up with card issuing platform Marqeta to power the Klarna Card: a new debit card powered by Visa Flexible Credential (VFC) that offers flexible payment options.
into our payment processing platform, providing merchants with an end-to-end solution that includes fraud prevention, transaction tracking, and chargeback management,” explained Kasia Gruszka , senior scheme manager at PXP Financial. “We are proud to have already successfully embedded OI & CE3.0
Direct costs typically involves chargebacks and refunds, while indirect costs are associated with dedicating valuable employee resources to identify and remedy fraudulent transactions and address brand, as well as reputational damage. On average, businesses with over 5,000 employees have an annual direct identity fraud cost of US$13 million.
Despite breakthroughs like MCP and A2A, agents still need humans to manually hand them credentials for access. Services and merchants still require a human to manually access a service’s website and generate credentials before any agentic work can take place.
Dubai, UAE, November 28th, 2024, Chainwire Serenity , a tech and blockchain solution provider, and IDEMIA Secure Transactions (IST), a global leader in payment and connectivity solutions, announced the launch of sAxess , a biometric security card to improve data access control, security, and recovery.
Stanchion’s Payment Fabric allows cardholders to add cards to digital wallets such as Apple Pay or Google Pay and to transact securely across all channels — whether in-store, online or in-app.
These include: Visa Flexible Credential – This enables a single card product to toggle between payment methods. Click to Pay – Enables consumers to complete online transactions within a few clicks, powering a more seamless and secure checkout experience at scale.
Your users can: Load money via card, bank, or cash agents Pay merchants or peers directly Set up recurring utility payments Use QR codes, NFC, or biometric verification for transactions In short: It behaves like a bank account with embedded superpowers, making it ideal for unbanked users, rural markets, and ecosystems where banks are slow to reach.
Real-time payment visibility: With real-time transaction tracking, your team can immediately see the status of payments whether pending, completed, or failed without leaving Salesforce. A well-configured installation will ensure transaction data successfully transfers between the payment gateway and your Salesforce system.
Financial institutions handle high-value transactions daily, maintain extensive vendor networks, and operate under tight deadlines; all conditions that BEC attackers exploit ruthlessly. These attacks often coincide with travel schedules or major transactions when verification becomes difficult.
Reduced Cart Abandonment: E-commerce platforms integrated with wallets like Apple Pay or Google Pay see significant lift in completed transactions. Strategic CX Advantage: For merchants and issuers alike, enabling near-instant transactions enhances loyalty and repeat usage—directly impacting ROI on digital channels.
Integrating Just-In-Time Card Updates aims to provide merchants with up-to-date card credentials when they are required. Furthermore, commenting on the move, representatives from Spreedly emphasised their company’s commitment to offering merchants the flexibility and capability they require to optimise their transactions.
Integrating a payment gateway into Acumaticas system further streamlines online transactions, allowing businesses to accept payments securely and efficiently. These integrations also offer competitive transaction fees, making it a cost-effective choice for businesses handling high-volume transactions.
That enables a card-present transaction online – something that has never been done till now. It gives the merchant the same liability protection as an in-store transaction because there’s significantly less chance of fraud. Our transaction had to look exactly like it came from a standard in-store terminal. Now we’re live.
In short, from faster payments (60 percent quicker) to safer transactions and $40 million profit bumps from automated support, AI is quietly rewriting banking’s cost, risk and customer-experience equations in real time. For example, HSBC’s AI can flag suspicious transactions and assist compliance teams in real time.
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