Spain Minsait Payments Tender

Minsait Payments the payment subsidiary of Minsait an Indra company announced today it has joined Visa Ready - Tokenization in effort with Visa to expand the market for tokenization as companies develop new and secure digital payment services. Through collaborating with Visa Minsait Payments is enabled to offer its customers in all sectors secure card digitization services in mobile payments through digital wallets and in e-commerce transactions.Tokenization technology makes it possible to replace your cards sensitive information with a unique identification code token in digital transactions. This eliminates the need to disclose card information in transactions and consequently reduces the risk of fraud while providing a better digital payment experience. Obtaining this certification allows Minsait Payments to expand its range of processing services in response to the process of payment digitization brought about by the pandemic. This acceleration has increased the importance of the card on file in e-commerce and contactless payments in stores using mobile devices through the platforms of the major technology companies Apple Pay Google Pay or Samsung Pay.Visa Readys Token Service Provider certification allows us to expand our range of digital services to help financial institutions and companies initiate the digitization of their cards from a mobile device e-commerce device or smart watch. This process allows for more secure payments since the actual card data is not used during the transaction says Miguel ngel Prieto Director of Payment Solutions at Minsait Payments.As the world experiences an unprecedented shift toward digital commerce over the last year tokenization is becoming one of the most effective ways to avoid fraud and allow for more secure and easy digital payment experiences says Belkis Barral Senior Director Digital Solutions Visa Latin America and the Caribbean. This innovative technology is on the rise with increasing adoption by merchants and banks. In fact today in Latin America and the Caribbean more than 65 of Visas payment credentials are token ready and we recently surpassed the 2 billion tokens milestone issued worldwide through Visa Token Service. The Minsait subsidiary keeps moving forward towards its goal of offering innovative digital payment processing capabilities and solutions. Among its latest initiatives in this area it has partnered with Cybersource Visa Readys payment management platform to enhance its 3-D Secure 2.0 capabilities globally and help its customers expand their e-commerce transactions and reduce fraud.