New program enables issuers to enhance commercial offerings through fully integrated digital solutions.<\/i><\/p>\n
SAN FRANCISCO \u2013\u00a0Visa (NYSE:V)<\/a>, a global leader in digital payments, announced Visa Commercial Integrated Partners, a new program designed to improve connectivity between fintechs and Visa Commercial products through its commercial platform. Visa will make available advanced APIs to embed Visa products in a business partners\u2019 applications and make these integrations available to its financial institution clients, allowing them to offer new, seamless payment experiences to their business customers.<\/p>\n Visa Commercial Integrated Partners is providing the ecosystem, technology and framework for innovative fintechs and other business application providers to integrate payment functionalities into their platforms with ease\u2026<\/p>\n<\/blockquote>\n Visa Commercial Integrated Partners is providing the ecosystem, technology and framework for innovative fintechs<\/a> and other business application providers to integrate payment functionalities into their platforms with ease and enable Visa credentials offered by Visa Commercial issuers.<\/p>\n For example, the Visa Commercial Integrated Partners program allows financial institutions that use Visa\u2019s commercial platform to offer their customers virtual payments and data solutions, instead of having to complete direct technical integrations with these applications such as ERP or Fleet Management platforms. This helps financial institutions avoid long or costly technical development and investments in resources.<\/p>\n One of Visa\u2019s first partners in the program, Car IQ, is a leader in fleet and vehicle technology, and is enabling integration with the commercial platform. Clients will soon be able to access Car IQ software for their business customers and enable in-app\u00a0payments with virtual cards at fuel providers, without extensive supplier onboarding or development, potentially saving 18-24 months of due diligence, integration work and project management.<\/p>\n This also benefits Visa business partners in the program by reducing their development time and costs, enabling fintechs to focus on innovation and enhancing customer experiences<\/a>, while providing their customers with the ability to make payments with existing Commercial Card credentials.<\/p>\n Financial institutions can leverage Visa Commercial Integrated\u00a0Partners to offer customers enhanced payment solutions, such as payments in ERPs, expense management, mobile and vehicle apps, offer tokenization through virtual cards, more elaborate transaction controls and enhanced data on settlements. This not only improves the customer experience but also strengthens the institution\u2019s commercial card product offerings and competitive position in the market.<\/p>\n Through Visa Commercial Integrated Partners, financial institutions can access pre-evaluated fintech partners already integrated with Visa, driving faster adoption and implementation.<\/p>\n \u201cVisa Commercial Integrated Partners represents a significant step forward in our mission to empower financial technology providers and financial institutions with\u00a0innovative digital payment\u00a0solutions,\u201d said Darren Parslow, Global Head of Visa Commercial Solutions. \u201cBy leveraging our network and Commercial APIs, we are enabling our partners to innovate faster, reduce development and distribution costs and deliver superior payment experiences to their clients \u2013 it underscores\u00a0Visa\u2019s commitment to driving the future of digital payments\u00a0and supporting the growth of the fintech ecosystem globally.\u201d<\/p>\n \u201cOur\u00a0digital payment infrastructure\u00a0enables issuing banks to offer commercial customers a fleet solution that will enable them to connect their fleet vehicles directly to their existing Visa line of credit,\u201d said Sterling Pratz, Founder and CEO of Car IQ. \u201cWe believe transforming the vehicle into a Visa payment credential for fuel, tolls, and services will help banks recapture fleet spend that is currently lost to legacy card programs and private networks.\u201d<\/p>\n Visa Commercial Integrated Partners is designed to support a global network of business partners while addressing local market needs. Collaborating with regional fintechs and financial institutions helps ensure that Visa solutions are relevant and effective across different markets.<\/p>\n The program is built on a global framework, allowing for consistent contracting models, data privacy, technology integrations, risks and security standards worldwide. Visa also works closely with regional partners to tailor solutions to specific market requirements, supporting a diverse range of partners from global enterprises to local startups<\/a>.<\/p>\n Visa is dedicated to driving innovation in the payments industry, and Visa Commercial Integrated Partners provides business<\/a> partners with access to the latest payment technologies, enabling continuous improvement and adaptation to emerging trends and needs.<\/p>\n Visa invites fintechs to join the Visa Commercial Integrated Partners program and financial institutions to enable business partners and their portfolios to be part of the future of payments.<\/p>\n For more information about the Visa Commercial Integrated Partners Program and how to join, visit\u00a0Visa Commercial Integrated Partners | Visa<\/a>.<\/p>\n Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.<\/p>\n\n
Empowering Fintechs and Financial Institutions<\/b><\/h2>\n
Global Reach with Local Implementation<\/b><\/h2>\n
Continuous Innovation<\/b><\/h2>\n
About Visa Inc.<\/b><\/h2>\n
Contacts<\/h2>\n