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Visa signs 40 financial institutions to Visa Digital Commerce App

Visa signs 40 financial institutions to Visa Digital Commerce App

Visa Inc. has introduced the Visa Digital Commerce App, an issuer-branded mobile commerce solution that enables financial institutions to offer their own mobile app to customers with valuable card management services – ultimately expanding and strengthening their Visa credit, debit and prepaid card offerings.

Through the mobile app, issuers can offer services such as real-time account balance information, card

Visa Digital Commerce App

              Visa Digital Commerce App

controls, alerts that inform account holders about recent transactions or fraud concerns, and innovative token services that bring greater security to contactless payments. As a hosted service, the app simplifies the delivery of a broad array of card management features and provides a roadmap for issuers to rapidly deploy new features and enhancements.

“The Visa Digital Commerce App brings together a comprehensive set of services to empower financial institution clients of all sizes to quickly offer their own digital payment experience to cardholders, while keeping their brand and relationship with the cardholder front and center,” said Oliver Jenkyn, group executive, North America, Visa Inc. “We are getting great feedback from clients who are implementing the app and are excited to make it available to more financial institutions nationwide.”

With the introduction of Visa Token Service and the recently launched Visa Developer Platform, Visa is helping to lead the transformation of payments from plastic to digital. The Visa Digital Commerce App is another important advancement in this evolution to provide issuers with additional deployment flexibility to better support their mobile strategies and capabilities.

“As consumer awareness of mobile wallets has grown, financial institutions are increasingly looking to stake a claim in this market and capture the preferred ‘top-of-wallet’ position with their customers,” said Daniel Van Dyke, analyst, Javelin Strategy & Research. “In our 2016 report, ‘What’s In Your Mobile Wallet?’, consumers stated they would be 51 percent more likely to use a wallet offered by their primary financial institution, making this an ideal time for banks and credit unions to introduce a branded digital app and capitalize on this preference.”

Financial Institutions Rapidly Deploying Visa Digital Commerce App

Today more than 40 US financial institutions are implementing the Visa Digital Commerce App. This includes institutions such as A+ Federal Credit Union, Affinity Federal Credit Union, Capital Prepaid Services, EPS Financial LLC, First Financial Bank, N.A., GESA Credit Union, ITA Group, KCT Credit Union, Kern Schools FCU, Landings Credit Union, Members 1stFederal Credit Union, Member Access Pacific, Old National Bank, Our Community Credit Union, PNC Bank, Publix Employees Federal Credit Union, Utah Community Federal Credit Union, Webster Bank, and many others. In addition to making the Visa Digital Commerce App directly available to financial institutions, Visa is also offering the app to its processor and go-to-market channel partners for their financial institution customers.

The post Visa signs 40 financial institutions to Visa Digital Commerce App appeared first on Payments Cards & Mobile.

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