Visa Fintech Partner Connect, which was first deployed in Europe last November, is now available to customers in the United States and in Latin America and the Caribbean, Asia-Pacific, Europe markets Central, Middle Eastern and African, according to a Wednesday (May 26) announcement sent by email to PYMNTS.
The initiative helps the payment company’s issuing partners deliver ‘first digital experiences’, minus the expense and complexity of developing back-end technology on their own, according to the announcement, by connecting them with “controlled and organized” technology providers, according to the announcement.
“We have brought together a community of payment and banking technology platforms to streamline the discovery and provision process for our customers, with the ultimate goal of accelerating the adoption of digitally-driven innovations,” Terry Angelos, vice -Senior president and global head of FinTech at Visa, said in the announcement.
Visa customers can find technology and service providers that offer tools and solutions to optimize the customer experience. These customers can contact program partners through the Visa Partner website and can get perks like price discounts and reduced implementation fees, according to the announcement.
Launch partners for the account opening include Provenir, Onfido, Neuro-ID, Middesk, Jumio, Idemia, Global Data Consortium and Alloy. Partners for customer engagement and new cardholder services include TravelBank, FirstSource, Fintel Connect and Extend.
Additionally, launch partners for data aggregation, analysis and security include Very Good Security, Provenir, Skyflow, Railz, Personetics, Good Data, Fidel, Codat and Argyle. Launch partners for operations and compliance include Unit21, Hummingbird and Canopy.
The news comes as Visa delivered second quarter full-year results which showed continued momentum in payment and debit spending, along with some less headwinds in cross-border payments and green shoots surfacing. in credit. Total payment volume in the quarter increased 11% year-on-year.