Visa Executives Respond to #ALS #IceBucketChallenge

Members of the Visa’s Client Support Services (CSS) issued a challenge to Visa executives to participate in the #ALS #IceBucketChallenge.

See what happened when Visa President Ryan McInerney and SVP of Client Support Services Tommy Jacobs accepted the challenge!  [And find out who they challenged to keep the giving going!] 

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ALS #IceBucketChallenge Comes to Visa

Dumping a bucket of ice on yourself might not be the first thing that comes to mind when thinking about how to raise awareness for a disease, but the ALS ice bucket challenge is doing just that, having raised $22.9 million by August 19!

If you haven’t heard of the ALS Ice Bucket Challenge, it’s a fundraising phenomenon sweeping social media to generate awareness about amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig’s disease, and increase donations to the ALS Association.

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Sustainable Financial Inclusion for 2015 and Beyond

globalmatters:

As the world’s largest payments technology company, Visa has an essential role to play in reaching the ‘unbanked’ and providing services they want, can afford and will use.

"Financial inclusion makes lives better. And while we’ve come a long way, we have a long way to go."

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EMV Chips Are Up: Payment Industry Gets Tougher on Fraud

visatechmatters:

New technologies make it harder for criminals to defraud consumers.

EMV chip technology, widely considered around the world as the de facto payment industry standard, is set for widespread adoption in the United States.

Despite the fact that fraud on Visa’s network is at historic lows – six cents for every $100 transacted – Visa and its partners are determined to stay one step ahead of fraudsters.

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Visa Employees and Sonoma Vintners: A Great Pairing

Bringing 40+ of Sonoma’s best wineries to our Foster City campus for “A Taste of Sonoma at Visa”, employees sampled an abundance of reds and whites, enjoyed great food and listened to the sweet sounds of Quartet San Francisco

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New Visa Service to Help Gas Station Retailers Reduce Fraud at the Pump

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Visa is helping fuel retailers prevent credit and debit card fraud at the pump with intelligent analytics that identify higher-risk transactions that may be fraudulent. Fraud rate dropped more than 20 percent in pilot test.

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#VisaInterns

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Visa Intern’s helping our beaches clean up their act!

Summer may be in full swing, but as Visa’s 2014 global Summer Intern program winds down, we take a moment to look back. Nearly 200 students were selected to participate in Visa’s highly competitive 10-12 week paid summer internship program.

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A Day in the Life at Visa

Employee Resource Group volunteers from Visa Amigos and ViBE welcomed college-bound students to the Visa headquarters for a day of learning about personal finance skills and life inside a major corporation.  The students got a “behind-the-scenes” look at Visa through a tour, career panel and networking session. Additionally, financial literacy volunteers discussed the importance of budgeting and credit scores in preparing for college life and careers beyond high school.

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BusinessFocus: A New Forum for Small Business Owners

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visatechmatters:

From Internet-Connected Devices to Secure Commerce Vehicles

New tokenization services will strengthen payment security and spur commerce innovation

According to Forrester Research, in 2014 commerce initiated with mobile phones and tablets is expected to total $114 billion in the U.S. alone. Two-thirds of those sales will happen via tablet computers, while the remainder will occur on mobile phones. 

Recognizing this, today we are announcing the creation of Visa Digital Solutions, a comprehensive suite of offerings that facilitate secure payments across a broad range of mobile and Internet-connected devices and wearables. 

Visa Digital Solutions provides the standards, tools and services to turn any Internet connected device into a secure vehicle for commerce. Smart phone manufacturers can securely load a Visa account within a device, merchants can directly embed Visa payment functionality into their mobile apps, and financial institutions can offer mobile and online payments as part of their mobile banking applications.

Visa Digital Solutions fall into two main categories: 

1. Support for New Payment Methods 

Making a purchase with a mobile device at a physical retailer or online is becoming commonplace, particularly in countries with a high penetration of smartphones. Visa is extending its support for mobile payments to enable retailers, financial institutions, and developers to create new ways to pay via smartphones.

  • Wave-to-pay: Visa recently published a software development kit (SDK) to make it easier for merchants, financial institutions and application developers to embed Visa payWave, Visa’s mobile payment technology into their mobile applications. Issuers now have the option to host the Visa account information in a virtual cloud or in a secure chip on the mobile device.
  • Scan-to-pay: In June Visa published an initial specification for presenting Visa account information in the form of a Quick Response (QR) code. The specification provides retailers with a new, secure option to accept a Visa payment by simply scanning a QR code on a smartphone screen.
  • Click-to-pay: Last week Visa announced the launch of Visa Checkout, a quick and easy payment service that enables consumers throughout the United States, Canada and Australia to pay for goods online, on any device, in just a few clicks. Visa’s application programming interfaces (APIs) for Visa Checkout are available to merchant developers, as well as SDKs for in-app payments. 

2. Technology That Protects Consumers and Supports Industry Innovation

As the number of online and mobile transactions has increased, so has the need to protect consumer payment account information. In September, Visa will introduce an innovative tokenization service that strengthens payment security while facilitating industry innovation. The new Visa Token Service enables:

  • Consumer Protection: Tokens replace the 16-digit account information found on plastic cards with a numeric substitute, facilitating payment transactions without sharing sensitive account information.
  • Industry Innovation: Tokens can be stored directly in mobile devices, online ecommerce applications and cloud-based mobile applications, which will spur new commerce experiences.
  • Restricted Use: Tokens can be limited for use with specific merchants, mobile devices or types of purchases.
  • Convenience and Cost Effectiveness: Tokens linked to lost or stolen mobile devices can be instantly reissued without changing account numbers or reissuing plastic cards.
  • Easy Processing: Tokens are based on existing ISO standards and can therefore be processed and routed by merchants, acquirers and issuers like traditional card payments. 

Many offerings within the Visa Digital Solutions suite are available today, with the full range of capabilities expected to be commercially available in the U.S. by January 2015, and global rollouts throughout the year. Visa Digital Solutions will initially be available through the Visa Ready program, which provides innovators a path for the certification of devices, software and solutions used to initiate or accept Visa payments. 

We will also launch an extended Developer Center in early 2015, providing product specifications, APIs, SDKs, as well as implementation guidelines for financial institutions, merchants and third-party payment providers.  

Yours in innovation,

Sam Shrauger

SVP, Digital Solutions, Visa Inc.

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