Visa to Remove 16-Digit Account Number in Online and Mobile Payments
13 Fevereiro 2015 - 9:00AM
Business Wire
Company announces new deployments of Visa Token
Service to protect consumer account information
Visa Inc. (NYSE:V), the global leader in payments, today
announced that it is expanding the use of new security technology
that replaces the traditional 16-digit Visa account number with a
unique series of numbers, helping to prevent exposure of sensitive
consumer account information in online and mobile payments.
“In 2015, Visa will offer secure payments across a wide variety
of devices, platforms and apps,” said Charlie Scharf, chief
executive officer, Visa Inc. “In order to enable these innovative
new ways to pay, we are deploying smart technologies that help to
prevent fraud, while also maintaining consumer and merchant trust
in digital commerce.”
In September 2014, Visa launched Visa Token Service (VTS), an
innovative technology that replaces sensitive payment account
information found on plastic cards, such as the 16-digit account
number, expiration date and security code, with a unique series of
numbers that can authorize payment without exposing actual account
details. To date, more than 500 financial institutions have started
to implement VTS. In 2015, the service will expand to more payment
environments, helping merchants, financial institutions and mobile
device manufacturers to offer secure digital payment
experiences.
Mobile Devices and Platforms
- Visa Token Service made its
commercial debut in October 2014, enabling mobile payments on
select Apple devices using Visa accounts through the Apple Pay
service.
- In 2015 other leading device
manufacturers and technology companies will begin deploying Visa
Token Service to deliver secure mobile payments through their
phones, tablets and other connected devices – expanding the reach
of this secure mobile technology to tens of millions of
consumers.
Mobile Payment Applications
- Visa also plans to tokenize
transactions initiated online with Visa Checkout, Visa’s online
payment service that allows consumers to complete eCommerce
purchases in just a few clicks.
- More than 110 merchants globally,
including Gap, Gymboree, Neiman Marcus, Orbitz, Pizza Hut and
Staples, who have already deployed Visa Checkout, will have the
opportunity to benefit from safer transactions using Visa’s token
technology.
- In 2015 financial institutions globally
across Asia Pacific, Latin America and the U.S. will also begin
deploying Visa Token Service in support of their mobile payment
applications and services.
Online Retailers
- Visa is also helping to improve the
safety of eCommerce by eliminating the need for online retailers to
store payment account information in order to easily fulfill
eCommerce purchases. In 2015, Visa expects some of the largest
eCommerce merchants to deploy Visa Token Service, using tokens to
process consumer eCommerce purchases rather than actual payment
account information.
“Removing card account numbers from the processing and storage
of payments represents one of the most innovative and promising
technologies we’ve seen in decades,” said Scharf. “This, combined
with chip card technology, advances in account holder
authentication through analytics and biometrics, and more
sophisticated risk monitoring, will allow Visa account holders to
enjoy new, secure payment experiences.”
About Visa Inc.
Visa Inc. (NYSE:V) is a global payments technology company
that connects consumers, businesses,
financial institutions, and governments in more than 200
countries and territories to fast, secure and reliable
electronic payments. We operate one of the world's most
advanced processing networks — VisaNet — that is capable
of handling more than 56,000 transaction messages
a second, with fraud protection for consumers and
assured payment for merchants. Visa is not a bank and
does not issue cards, extend credit or set rates and fees
for consumers. Visa's innovations, however, enable its
financial institution customers to offer consumers more
choices: pay now with debit, pay ahead of time with
prepaid or pay later with credit products. For more information,
visit usa.visa.com/about-visa, visacorporate.tumblr.com and
@VisaNews.
Press Only:Visa Inc.Elvira Swanson, +1
650-504-4537 (mobile)elswanso@visa.com
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