• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Visa and PayPal Have Teamed Up

July 25, 2016

Visa and PayPal have teamed up. In an announcement, the companies stated that the collaborative agreement puts them “on a new path” that will see them work together to “accelerate the adoption of safe, reliable and convenient digital payments for consumers and merchants.”

Visa and PayPal Have Teamed UpFor Visa, the deal will see PayPal raise Visa’s profile in its online payments interfaces, with Visa cards being “presented as a clear and equal payment option during enrollment and subsequent payments,” and PayPal no longer encouraging Visa card users to link their bank accounts.

For PayPal, the agreement brings it into the Visa Digital Enablement Program (VDEP), making PayPal’s digital wallet compatible with all contactless POS terminals where Visa is accepted. PayPal will also be able to access Visa’s token services, and customers will be able to withdraw from their PayPal accounts using Visa Direct debit cards. PayPal will also get “certain economic incentives, including Visa incentives for increased volume,” the companies’ announcement stated.

The deal appears to be part of Visa’s efforts to adapt to, rather than resist, the digital revolution sweeping across the payments industry, with the company also endeavoring to leverage technologies like biometric authentication, which offers a valuable tool for digital payment authorization, and could eventually eliminate the need for payment cards of any kind by linking account information directly to accountholders’ bodies.

Related News & Articles

New iPadOS Quietly Delivers Face ID Upgrade

Computer Vision System Helps Suzuki Drivers See and Avoid Pedestrians

Tier 1 Smart Card Manufacturer to Integrate IDEX’s TrustedBio Sensors

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • HID Attains Anti-Spoofing Milestone With Lumidigm Fingerprint Biometrics
  • The Path to Biometric Universal Basic Income: Worldcoin Raises $115M in Series C Funding
  • Kenyan Officials Detail Ambitious Digital ID Plan
  • IDEMIA Brings Mobile ID to Missouri
  • Selfie-based Age Verification Emerges as Important New Digital Identity Market

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld