<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Visa has introduced the Visa Payment Passkey Service, which allows customers to authorize payments online by performing a biometric scan on their smartphone or computer.
      </p>
    </li>
    <li>
      <p>
        The Service is built on Visa's Fast Identity Online (FIDO) server. Additionally, the solution operates on a federated model that allows merchants to integrate the Visa Payment Passkey Service into their checkout without building their servers.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Furthermore, Customers can authenticate their online Visa payments using the same biometric systems they employ to unlock their smartphones or laptops. Users need to enroll once at checkout to use the service, with future enrollment to be enabled through banking apps.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20240515563838/en/">
      Press release
    </a>
  </p>
  <p>
    <a href="https://findbiometrics.com/visa-brings-passkeys-to-online-payments-in-major-fido-victory/">
      Findbiometrics
    </a>
  </p>
</div>


Biometric Payments

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>

 <p>Visa has unveiled the Visa Payment Passkey Service, enabling customers to approve online payments through a biometric scan on their device. The Service utilizes the Fast Identity Online (FIDO) server from Visa. Moreover, it works on a federated model, permitting retailers to incorporate the Visa Payment Passkey Service into their checkout process without the need for personal servers.</p>
 <p>This solution lets customers utilize the same biometric systems they use to unlock their devices for authorizing online Visa payments. After a one-time enrollment at checkout, users can continue to enrol via their banking apps in the future.</p>

</div>

Visa launches Visa Payment Passkey Service for online biometric payment

Making banking work, without the paperwork

Neobanks

ANALYST_QUICK_TAKE

<div>
 <p>Visa and Mastercard have come to an agreement with US businesses regarding the lowering and limit of credit card interchange fees, concluding almost two decades of legal dispute. The changes could result in savings totalling around $30 billion over the next five years.</p>
 <p>The credit card giants have committed to a decrease in interchange fees by four basis points in the US over the course of three years, along with maintaining a limit on them up until the year 2030. The majority of businesses, over 90%, that are likely to see benefits from this settlement are small businesses.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> Interchange fees are one of the primary sources of revenue for neobanks. For instance, in 2022, <a href="https:<br>
//sp-edge.com/companies/385793"> Varo </a> generated roughly 75% of its total income from interchange fees. The reduction in interchange fees is expected to adversely affect neobanks' top line, prompting them to explore alternative revenue-generating business models, such as subscription fees.</p>

Visa and Mastercard reach settlement with US merchants over interchange fees

Helping employers provide personalized, high-touch, and holistic financial wellness tools to their entire workforce.

Financial Wellness Tools

<div>
 
 <p>DailyPay has entered into a partnership with Visa+'s digital payment platform, aiming to enhance the interoperability of their earned-wage access platform for employees. The collaboration will facilitate direct deposits into Visa+ linked accounts and allow integration with different digital payment apps.</p>
 <p>The partnership enables DailyPay to utilize Visa's extensive payment and partner network. This would allow their users to deposit their earned wages directly into Visa+ linked accounts prior to their normal payday. Additionally, they could use their funds with a variety of peer-to-peer (P2P) digital payment applications.</p>
 
</div>

DailyPay partners with Visa+ to enhance platform interoperability

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

<div>

 <p>Checkout.com, a UK payment infrastructure provider, has partnered with Visa and UAE's Stake, a digital real estate investment platform. The aim is to introduce a cross-border account funding solution in the GCC region.</p>
 <p>The partnership will leverage Visa's direct cross-border account funding solution together with Stake’s digital platform, enabling users to transfer funds into their Stake accounts and invest in UAE's rental real estate.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Today’s partnership news comes less than a year after Checkout.com acquired a <a href="https:<br>
//sp-edge.com/updates/18827"> Retail Payment Services license </a> from the Central Bank of the UAE, allowing it to leverage its offerings for merchants in the UAE, including providing solutions for merchant acquiring, payment aggregation services, and cross-border fund transfers.</p>

Checkout.com partners with Visa and Stake to offer cross-border funding services in UAE

Buy Now, Pay Later

<div>
 
 <p>Checkout.com, a UK payment infrastructure provider, is collaborating with Visa and UAE's Stake to introduce a cross-border account funding solution in the GCC region. This partnership allows users to transfer funds to their Stake accounts via Visa's direct cross-border account funding solution for investment in UAE's rental real estate.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Today’s partnership news comes less than a year after Checkout.com acquired a <a href="https:<br>
//sp-edge.com/updates/18827"> Retail Payment Services license </a> from the Central Bank of the UAE, allowing it to leverage its offerings for merchants in the UAE, including providing solutions for merchant acquiring, payment aggregation services, and cross-border fund transfers.</p>

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<p>Sheeva.AI and Visa Acceptance Solutions have partnered to create a tokenization platform for in-car commerce.</p><p>The platform will integrate Visa's Cybersource Token Management Service with Sheeva.AI's location-based payment tools.</p><p>Transactions will be carried out through the infotainment screen, allowing for secure payments for fueling, charging, parking, and toll costs.</p><p><strong>Analyst QuickTake:</strong> Sheeva.AI’s competitor, Car IQ, also partnered with Visa <a href="https://sp-edge.com/updates/20062">in July 2023 </a>to enable vehicles to make direct transactions with Visa's global network of merchants and banks using the Car IQ Pay vehicle wallet.</p>

Sheeva.AI and Visa Acceptance Solutions partner to launch tokenization platform for in-vehicle commerce

New technology allows individuals and organizations to become carbon intelligent

Carbon Management Software

German B2B carbon offsetting startup, Plan A, has raised $27 million in its Series A funding round, bringing the company's total funding to $42 million. The round was led by Lightspeed Venture Partners and included other investors such as Visa, Deutsche Bank, and Opera Tech Ventures. Existing investors, including HV Capital and Keen Venture Partners, also participated. The funds will be used to expand the company's employee base and enter new markets in France, the UK, and Scandinavia. Plan A also plans to enhance its sustainability platform by incorporating decarbonization tools, Scope 3 coverage, and policy alignment actions.

Plan A raises USD 27 million to expand operations

Car IQ partners with Visa to enable payments over Visa network

Visa to acquire Pismo for USD 1 billion

Giving creators the power of content monetization and audience engagement.

All Updates

Visa launches Visa Payment Passkey Service for online biometric payment

Visa and Mastercard reach settlement with US merchants over interchange fees

DailyPay partners with Visa+ to enhance platform interoperability

Checkout.com partners with Visa and Stake to offer cross-border funding services in UAE

Checkout.com partners with Visa and Stake to offer cross-border funding services in UAE

Sheeva.AI and Visa Acceptance Solutions partner to launch tokenization platform for in-vehicle commerce

Plan A raises USD 27 million to expand operations

Car IQ partners with Visa to enable payments over Visa network

Visa to acquire Pismo for USD 1 billion

Visa launches global program for partner platforms to offer financial tools for creators

Biometric Payments

Visa launches Visa Payment Passkey Service for online biometric payment

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