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Visa (NYSE:V), a global leader in digital payments, announced enhanced digital wallet capabilities within Visa Commercial Pay. The innovation allows financial institutions to add virtual corporate cards to employees’ digital wallets, including third-party wallets like Apple Pay and Google Pay.
Key features:
- Increased convenience, security, and flexibility for corporate users
- Improved cash flow for businesses
- Reduced outdated manual processes
- Tokenization technology to minimize fraud risk
- Secure payment environment
Benefits:
- Efficient payment experience across both Point of Sale and CNP payment methods
- Enhanced financial agility for businesses
- Greater value for clients of financial service providers
Regions Bank will be the first Visa collaborator to roll out the enhanced digital wallet capability.
Quotes:
- Gloria Colgan, SVP, Global Product at Visa Commercial Solutions: “We’re empowering businesses with on-demand and secure payments, giving them the flexibility and mobility of virtual, mobile transactions.”
- David Lapaglia, Head of Commercial Card Product and Strategy for Regions: “Visa Commercial Pay is the ideal complement to our already-enhanced selection of products and services. Visa understands financial-service providers deliver greater value when they give clients more convenience, along with more intuitive, time-saving solutions.”
The expansion of Visa Commercial Pay and its enhanced digital wallet capabilities demonstrate Visa’s commitment to providing innovative and secure payment solutions that meet the needs of businesses of all sizes.
To learn more, visit: https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.20426.html
