Visa Fintech Partner Connect, which was first rolled out in Europe last November, is now available for clients in the United States and markets throughout Latin America and the Caribbean, Asia Pacific, Central Europe, the Middle East and Africa, according to a Wednesday (May 26) announcement emailed to PYMNTS.
The initiative helps the payment company’s issuing partners provide “digital-first experiences,” minus the expense and intricacy of developing the back-end technology on their own, according to the announcement, by linking them up with “vetted and curated” technology providers, according to the announcement.
“We’ve assembled a community of payment and banking technology platforms to streamline the discovery and procurement process for our clients — with the ultimate goal of accelerating adoption of digital-first innovations,” Terry Angelos, senior vice president and global head of FinTech at Visa, said in the announcement.
Visa clients can find technology and service providers that offer tools and solutions to optimize the customer’s experience. These clients can reach out to program partners via the Visa Partner website and can obtain benefits like pricing discounts and decreased implementation fees, according to the announcement.
Partners at launch for account opening include Provenir, Onfido, Neuro-ID, Middesk, Jumio, Idemia, Global Data Consortium and Alloy. Partners for customer engagement and new cardholder services include TravelBank, FirstSource, Fintel Connect and Extend.
Moreover, partners at launch for data aggregation, analytics and security include Very Good Security, Provenir, Skyflow, Railz, Personetics, Good Data, Fidel, Codat and Argyle. Partners at launch for operations and compliance include Unit21, Hummingbird and Canopy.
The news comes as Visa recorded second-quarter fiscal year earnings results that displayed ongoing momentum in tap to pay and debit spending, as well as some lessening of the headwinds in cross-border payments and green shoots surfacing in credit. Total payments volume during the quarter was up 11 percent year on year.