As its first deployment, Visa is integrating Visa Payment Passkey Service into Click to Pay, powering a more seamless and secure checkout experience at scale.
Visa unveiled new products and services that will revolutionise the card and address the future needs of businesses, merchants, consumers and the financial institutions that serve them.
The new products and services that Visa unveiled will begin to roll out later this year. They will enable people to easily set parameters or choose whether they use debit, credit, “pay-in-four” with Buy Now Pay Later, or even pay using rewards points.
Jack Forestell, Chief Product and Strategy Officer at Visa, said, “The industry is at a pivotal point. New technologies like Gen AI are rapidly shifting how we shop and manage our finances. We’re announcing the next generation of truly digital-native payment card experiences. Today we unveiled new card features and digital innovations that will bring consumers into a more customised, convenient and secure future.”
As its first deployment, Visa is integrating Visa Payment Passkey Service into Click to Pay, powering a more seamless and secure checkout experience at scale.
“There is a global desire to find commonality, interoperability and simplicity for online payments. Our passkeys, designed specifically for payments, represent a massive paradigm shift in our industry because it confirms identity without interrupting the checkout experience. Visa Payment Passkey Service increases security while reducing friction when you pay online, across any device or website, globally,” Forestell added.
Built on the latest Fast Identity Online (FIDO) standards, the Visa Payment Passkey Service confirms a consumer’s identity and authorises online payments with a quick scan of their biometrics like a face or fingerprint. When shopping online, Visa passkeys replace the need for passwords or one-time codes, enabling more streamlined, secure transactions.
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