Visa announced that it is opening up the Visa Checkout platform for partners, enabling them to integrate the easy and secure payment service into digital wallets for online payments.
Tech giant Google has decided to integrate its Android Pay with Visa Checkout. This integration provides consumers a consistent, secure and simple payment solution both in-store and online.
Issuers, digital wallets and payment app providers will now have access to a modernised set of APIs to easily integrate with the Visa Checkout open platform. It will enable them to instantly start offering payments to their customers, Visa said.
Using the platform, issuers and digital wallet providers will be able to extend their payment capabilities to online payments, ensuring their customers can make payments where the service is accepted.
Once linked, online banking customers and bank mobile app users can use their banking username and password to access their Visa Checkout accounts.
Merchants who integrate Visa Checkout open platform will have access to the 3-D Secure specification and EMVCo Token Service (VTS) standard.
VTS replaces cardholder information, such as account numbers and expiry dates, with a unique digital identifier (a token) to protect cardholders’ sensitive information.
Visa executive vice president of innovation and strategic partnerships Jim McCarthy said: “As more connected devices proliferate across the market and become part of our everyday lives, Visa is ensuring secure and easy payments can be embedded in any environment.
“Similar to walking into a store and paying with a Visa card, Visa Checkout’s open platform gives consumers more choice in how they want to pay and merchants and issuers the ability to offer a highly familiar, consistent payment experience that represents security and trust wherever it’s used across the web.”