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May 29, 2015updated 04 Apr 2017 4:02pm

Visa launches new Digital Enablement Program for mobile payments

Visa has introduced a new Digital Enablement Program (VDEP) that connects financial institutions and technology companies to simplify and accelerate the launch of new payment and commerce services.

By Verdict Staff

Visa has introduced a new Digital Enablement Program (VDEP) that connects financial institutions and technology companies to simplify and accelerate the launch of new payment and commerce services.

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Based on the company’s secure token technology, the new program includes a toll-free commercial framework available to over 14,500 Visa financial institution clients and technology partners across the world.

Visa said that Google’s Android Pay is its first partner to take part in the Digital Enablement Program.

The program features fast and easy integration, no-cost commercial framework, robust security and consumer data protection and international scale and reach.

VDEP will provide banks and technology partners with a platform that delivers secure mobile and digital payment services on a global scale.

Visa innovation and strategic partnerships executive vice president Jim McCarthy said: "Through our new program, financial institutions can take advantage of our secure token technology to deliver the most popular mobile and digital payment services on the market today to their customers."

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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