Visa Launches New API Program to Simplify Payments Integration for Fintechs

On May 21, Visa Inc. (NYSE:V) announced a program that it claims will turbocharge the fintech landscape by enabling the integration of payments into apps.

The initiative, known as the Visa Commercial Integrated Partners, will improve customer payment experiences by offering advanced application programming interfaces (APIs) that allow for the seamless integration of Visa products into business applications.

Visa Launches New API Program to Simplify Payments Integration for Fintechs

The program enables financial institutions that use Visa’s commercial platform to provide their clients with virtual payments and data solutions without requiring direct technical integrations with applications like ERP. The fleet and vehicle technology company Car IQ is among the first to sign up for the program. It will integrate its software with Visa’s commercial platform, eliminating the need for time-consuming supplier onboarding procedures and development work by enabling in-app payments at fuel suppliers using virtual cards.

Visa Commercial Integrated Partners also offers a standardized framework for contracting, data privacy, and technology integration across a diverse range of business partners, including local startups and multinational corporations. Darren Parslow, Global Head of Visa Commercial Solutions, describes the program as follows:

“Visa Commercial Integrated Partners represents a significant step forward in our mission to empower financial technology providers and financial institutions with innovative digital payment solutions.”

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