The Visa payment system announced the launch of the Visa Commercial Integrated Partners program, which aims to improve cooperation between fintech companies and Visa commercial services. The initiative aims to enable financial institutions to quickly and conveniently implement modern payment solutions for business customers without complex technical integration. About this informs Business Wire.
The essence of the program is to provide fintech companies with access to the Visa API, allowing them to embed payment functionality directly into their applications. As a result, banks get the opportunity to offer their customers ready-made payment services from proven partners without a long process of development and settings.
Among the first participants of the program is Car IQ, a company specializing in fleet management technologies. The integration with Visa will allow its customers to pay for fuel through the mobile application using virtual cards, without the need to connect each supplier separately. Visa notes that such a solution can reduce the development and launch period from 18 to 24 months.
The program has a global character, but it is adapted taking into account the specifics of individual markets. Visa implements uniform standards of security, data protection and technical compatibility worldwide, but at the same time takes into account the local characteristics of partners and customers.
We will remind that in April, Visa opened access to its own Visa Product Design System (VPDS) — a toolkit for creating unified, scalable and affordable digital payment solutions. This set of tools is designed to help designers and developers around the world build modern interfaces for payment services.
