Through Visa Token Service, financial institutions participating in the United States and other countries can add Visa credit and debit cards virtually Pay Apple, Apple's new payment service that allows customers to make purchases easily and securely via the mobile application store or merchant United States selected.
Token Service Technology Visa works with sensitive information replaces the payment account in the plastic card, account number using digital or tokens that can be safely stored in the mobile device and used to make purchases in stores and mobile applications.
Visa will launch services to financial institutions in stages, starting with the initial participants in the launch of Apple Pay and then expand the service to all customers in the United States.
"The combination of reliability, scalability and security of Visa payments with Pay Apple will accelerate the adoption and use of mobile payment facility," said Ng Kong Boon, Visa Country Manager Malaysia.
"As stated, the token service will provide new experiences that are useful to consumers and businesses, as seen today in our efforts by Apple, and many more in the future," he added.
Apple Pay allows you to make purchases at several stores visited and mobile apps on the App Store with just a touch of a finger, the iPhone 6, iPhone 6 Plus and Apple Watch. Visa account holders will continue to receive all the rewards, benefits and security offered by the Visa credit and debit cards.
"The merger of Apple's new digital experiences with new network capabilities of Visa payment experience will be useful and an enhanced level of security to millions of Visa account holders, merchants and financial institutions," he said in a statement in Kuala Lumpur.
Two payment platform owned by Visa, CyberSource and Authorize.Net, has been integrated with Apple Pay that online merchants and payment management solution enables them to receive payments securely from 6 iPhone applications, Apple iPhone 6 Plus and Apple Watch.
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories through an electronic payment method that is fast, secure and accurate.
The company operates the most advanced processing networks in the world, VisaNet is capable of handling more than 56,000 transaction messages per second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visas innovations, however, enable its financial institution customers to offer consumers more choices, pay promptly with debit, prepaid pay upfront or pay later with credit products.
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