Visa today announced a consolidation of its disparate payments solutions into Visa Digital Solutions, a suite of products, services and developer tools aimed at bringing payments to smartphones and wearables.
Last week, the company launched Checkout, a multi-screen solution for online payments. But omitted from that announcement was an explanation of how Visa plans to tackle the next generation of physical payments, which is made more complicated by the tenuous relationship between merchants, acquirers, financial institutions, government bodies and Visa itself.
As detailed in a release today, Visa Digital Solution tackles the problem of future payments into categories: support for new payment methods; and next-generation consumer protection measures. (more…)