Visa is making another big push to drive cash users to electronic payments. The card giant has launched a new initiative, the Visa Ready Partner Program, designed to help mobile device-makers, network operators and others navigate the payments ecosystem and gain access to Visa IP, licenses and best practices.

The Visa Ready Partner Program is meant to ensure that devices, software and solutions used to initiate or accept Visa payments are compatible with Visa requirements, which may vary by country.

"The pace of innovation in the payments industry requires a new approach that ensures innovative payment methods can be tested, approved and commercialized quickly," said Jim McCarthy, global head of product at Visa Inc. "While it is critical that we ensure new payment methods are secure and reliable, it is equally important to allow great ideas to become new ways to pay and be paid."

The program also provides a framework for collaboration with Visa, plus guidance and best practices to access the power of the Visa network. Program stakeholders include mobile point-of-sale providers, mobile NFC-enabled device manufacturers, and chip and platform providers.

The Visa Ready Partner Program will make it easier for FIs and merchants to adopt new, innovative payment methods that are approved by Visa, the company said. The program will use existing approval and certification processes from payments industry standards bodies and will rely on labs certified by EMVCo and the Payment Card Industry Security Standards Council to conduct testing of new payment solutions.

Read more about transaction processing.

 

Related Content

User Comments – Give us your opinion!
Products & Services

First Line Maintenance

http://global.networldalliance.com/new/images/products/ATMSolutions_repairman.gif

540/First-Line-Maintenance

Kingteller - K3 TTW Cash Recycler

http://global.networldalliance.com/new/images/products/6089.png

6089/Kingteller-K3-TTW-Cash-Recycler

Accessible and Cost Competitive - Retail ATM E300L

http://global.networldalliance.com/new/images/products/E300L.png

836/Accessible-and-Cost-Competitive-Retail-ATM-E300L

KAL Software

http://global.networldalliance.com/new/images/products/KAL_Logo_SF100.gif

885/KAL-Software

Serve Versatile Demands—Full function Lobby ATM H38NL

http://global.networldalliance.com/new/images/products/3736.png

3736/Serve-Versatile-Demands-Full-function-Lobby-ATM-H38NL

Customer Intelligence

http://global.networldalliance.com/new/images/products/Phoenix_C.jpg

808/Customer-Intelligence

Web-based Clients

http://global.networldalliance.com/new/images/products/6621.png

6621/Web-based-Clients

Alert Notification System

http://global.networldalliance.com/new/images/products/4257.png

4257/Alert-Notification-System

KAL Financial Institution ATM Solutions

http://global.networldalliance.com/new/images/products/KAL_Logo_SF100.gif

1015/KAL-Financial-Institution-ATM-Solutions

NCR ATM Security Solutions

http://global.networldalliance.com/new/images/products/NCR_logo_Pantone_100.gif

830/NCR-ATM-Security-Solutions

Media Kit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.