United States Visa Tender

Introduced a new platform with a set of beta APIs specifications and development tools for issuers and issuer processors to begin building and beta testing new payment products to help meet the future needs of digital-first consumers. The offering will be available to clients and partners via Visa Next a new destination for accessing new solutions in Visas product pipeline.The first set of beta APIs will help Visas clients and partners build unique new ways for individuals to use manage and control their money digitally and in a way that works for them. The APIs available immediately on the platform through Visa Next will have the following functionalitiesCreate new digital card accounts on demandAdd newly-issued or existing cards to the platform to build solutions that seamlessly combine multiple Visa digital servicesInstantly activate and tokenize digital accounts for use in ecommerce and in mobile walletsEnable a consumers mobile device for contactless or QR payments using tokensDeliver rich transaction data to clients for real-time actions or authorization decisions and purchase alerts to the cardholderConfigure ruleslimitations around use of digital cards such asTurn onoff transaction controls at any timeSetting dynamic transaction or spending limitsControl use by purchase channel or by geographyControl use by merchant type merchant etc.Share digital companion cards and control access in real timeIndependently manage controls on linkedshared digital cardsImagine if parents could instantly create a Visa card on their mobile device and send it to their childs phone for immediate use instead of giving them cash for movies for example. They could also set parameters around where when even how long the child can use this card and adjust these controls at any time via their own mobile device said Sam Shrauger SVP global issuer and consumer solutions Visa. This example is just one of many ways our partners and clients can use this platform. Visas innovative tools enable the ecosystem to simplify certain aspects of our everyday lives giving consumers back the power of managing finances the way it works the best for them.In addition many consumers in Asia for example use a super-app wallet that is only accepted within their country borders but not necessarily elsewhere. With the new set of capabilities Visas clients and partners can give their customers an option to turn their wallet balance into a digital Visa card right on their mobile device and begin transacting in over 200 countries and territories at 53.9 million merchant locations where Visa is accepted1. The capabilities can also help bring to life additional functionality including the ability to set card controls load tap to pay and create transaction notifications for consumers.In an era where consumers expect to configure and control digital experiences to match their specific needs Visa should empower them to do the same with their money continued Shrauger. By helping re-imagine how money is used in a digital age and by making new services available through Visa Next we are going to unlock new ways for partners and clients to interact with Visa and bring to life the next generation of digital-first payments products to meet those unique needs of consumers worldwide.Visa Next will also enable the creation of globally interoperable and tailored solutions for digital-first individuals around the world. Throughout 2019 it will bring to life additional beta APIs including loyalty benefits and rewards and new transaction controls.