Visa Inc. has announced the launch of Visa Developer, a milestone that transforms its network to an open platform that will drive innovation in payments and commerce.
With the launch of the Visa Developer, software application developers will have open access to industry leading payments technology, products and services by Visa.
According to the global payments company, the new Visa Developer platform is designed to help financial institutions, merchants, and technology companies meet the demands of consumers and merchants, who increasingly rely on connected devices to shop, pay and get paid.
At launch, the platform will offer access to some of Visa’s most popular payment technologies and services including account holder identification, person-to-person payment capabilities, secure in-store and online payment services such as Visa Checkout, currency conversion and consumer transaction alerts. Visa plans to provide access to more of its payment capabilities over the next year.
“As the leader in payments we have an opportunity to transform global commerce by opening-up access to our global network and supporting our clients, industry partners and innovators in their pursuit of creating new, easier and more secure ways to pay,” Charlie Scharf, chief executive officer, Visa Inc, says. “Visa Developer represents not only a new access point to our network, but a new distribution platform for Visa products and services globally.”
Visa says the creation of the Visa Developer platform has been a multi-year initiative led by its global product and technology teams. The team is transforming Visa’s payment products and services into Application Programming Interfaces (APIs), standard technology used by developers for building software and applications.
Key attributes of Visa’s Global Developer programme include a globally accessible developer portal offering an easy way to search Visa’s extensive suite of payment products and services; an open platform that provides access to hundreds of Visa APIs and software development kits for some of Visa’s most popular payment products and capabilities and a testing sandbox that offers application developers a plug and play experience, as well as access to Visa test data.
“We are unbundling Visa’s full suite of products and services and giving developers open access to the underlying payment capabilities,” Rajat Taneja, executive vice president of technology, Visa Inc, adds. “We believe this will lead to the creation of entirely new commerce experiences with Visa technology integrated to enable greater security, scale and convenience when it comes time to pay. When you add the ability to distribute those new experiences across Visa’s global network, you can see why Visa Developer will become the preferred playground for developers everywhere.”
The global payments company says its vision for the Global Developer engagement programme includes the creation of a marketplace that enables thousands of financial institutions, millions of merchants and technology companies to collaborate, share and search for innovative digital commerce applications and services.