Visa presented the latest digital solutions that are changing payment cards: biometric authentication instead of passwords, AI to combat fraud and innovative features for payments.
Payment card transformation
Revolutionary payment options
From now on, cards will be able to flexibly switch between different payment methods: debit, credit, installment purchases, bonus points or foreign currency. Micro-enterprises will get new ways to accept digital payments: USSD payments, payments from consumers and Tap to Phone technology.
Biometric authentication
The Visa Payment Passkey Service will allow users to verify their identity by face or fingerprints fingerprints instead of outdated passwords and one-time codes. Click to Pay will provide seamless and secure online payments via email address, mobile number or Visa Payment Passkey.
Fraud prevention
Visa Protect solution using artificial intelligence will detect and block fraudulent transactions in real time mode. The Visa Pay platform in the "payments as a service" format will enable banks to quickly implement the latest digital services for customers.
Glossary
- Visa is a global payment system founded in 1958.
- Mastercard is an international payment system, a competitor of Visa.
- USSD (Unstructured Supplementary Service Data) is a technology for transmitting data over the telephone network.
- Tap to Phone - the ability to accept payments via NFC on a smartphone.
Link
- Click to Pay (https://www.visa.com.ua/pay-with -visa/featured-technologies/click-to-pay.html)
Answers to questions
What new technologies has Visa introduced to combat fraud?
What innovations are offered by Visa for small businesses?
What technology is Visa implementing to make online payments easier?
What is Visa Flexible Credential and what possibilities does it provide?
What innovation did Visa offer for user authentication?
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Discussion of the topic – Visa introduced innovative digital solutions: AI against fraud and biometrics instead of codes
Visa has unveiled a range of new digital products and services that are transforming payment cards for the digital age. New solutions such as artificial intelligence to fight fraud and biometrics instead of codes will be implemented during this year.
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Ігор
Visa innovations look exciting! 🤖 Using biometrics instead of codes for authentication is really convenient.
Софія
I am also impressed! 🤩 Being able to switch between different payment methods with Visa Flexible Credential is just brilliant.
Микола
Good news for small businesses. Accepting electronic payments through push payments and Tap to Phone technology will really make their lives easier. 💼
Іван
Well, fighting fraud with AI is what it takes. 🕵️♂️ Visa Protect for payments from account to account looks like a reliable service.
Грицько
These new trends are nonsense! 😡 Everything gets complicated instead of simplified. I don't like changes and noise around them.
Анна
I don't agree, Hrytsko! 🙅♀️ These innovations will make life easier for consumers and businesses. Visa Click to Pay is a simple and secure online payment method. 💻
Андрій
And I like the idea of Visa Pay. Banks will be able to quickly launch digital services and improve mobile applications. Easy! 📱
Марія
Overall, Visa is making a significant contribution to the digital transformation of payments. This opens up new opportunities and conveniences for everyone. 🌐