David Thum
SAN FRANCISCO – (BUSINESSWIRE) – Visa (NYSE:V), a global leader in digital payments, announced Visa Commercial Integrated Partners, a new program designed to help businesses of all sizes embed payments natively into their products and platforms. From ERP platforms that streamline reconciliation processes to connected commerce applications that enable in-vehicle fleet transactions, Visa Commercial Integrated Partners leverages Visa’s advanced API technology to provide seamless, scalable and secure payment solutions that reinforce a commitment to empowering businesses and enhancing their payment experiences.
Empowering Fintechs and Financial Institutions
Visa Commercial Integrated Partners is providing the ecosystem for innovative fintechs and other business application providers to integrate dynamic payment functionalities into their platforms with ease. This reduces development time and costs, enabling fintechs to focus on innovation and enhancing customer experiences, while providing their customers with the ability to make payments with existing commercial card credentials.
Financial institutions can leverage Visa Commercial Integrated Partners to offer customers enhanced payment solutions, such as payments in mobile and vehicle apps, tokenization through Virtual Cards, more elaborate transaction controls and enhanced data on settlements. This not only improves the customer experience but also helps strengthen the institution’s commercial card product offerings and competitive position in the market. Through Visa Commercial Integrated Partners, financial institutions can access pre-evaluated fintech partners already integrated with Visa, driving faster adoption and implementation. CarIQ, a leader in vehicle embedded payments technology, is among the inaugural partners.
“Visa Commercial Integrated Partners represents a significant step forward in our mission to empower financial technology providers and financial institutions with innovative digital payment solutions,” said Darren Parslow, Global Head of Visa Commercial Solutions. “By leveraging our network and Commercial APIs, we are enabling our partners to innovate faster, reduce development and distribution costs and deliver superior payment experiences to their clients – it underscores Visa’s commitment to driving the future of digital payments and supporting the growth of the fintech ecosystem globally.”
“Our digital payment infrastructure enables issuing banks to offer commercial customers a fleet solution that will enable them to connect their fleet vehicles directly to their existing line of credit,” said Sterling Pratz, Founder and CEO of Car IQ. “We believe transforming the vehicle into a Visa payment credential for fuel, tolls, and services will help banks recapture fleet spend that is currently lost to legacy card programs and private networks.”
Global Reach with Local Implementation
Visa Commercial Integrated Partners is designed to support a global network of partners while addressing local market needs. Collaborating with regional fintechs and financial institutions helps ensure that Visa solutions are relevant and effective across different markets.
The program is built on a global framework, allowing for consistent quality and security standards worldwide. Visa also works closely with regional partners to tailor solutions to specific market requirements, supporting a diverse range of partners from global enterprises to local startups.
Continuous Innovation
Visa is dedicated to driving innovation in the payments industry, and Visa Commercial Integrated Partners provides partners with access to the latest payment technologies, enabling continuous improvement and adaptation to emerging trends and needs.
Visa invites fintechs to join Visa Commercial Integrated Partners and financial institutions to enable its partners and their portfolios to be part of the future of payments.
For more information about the Visa Commercial Integrated Partners Program and how to join, visit [Visa Commercial Integrated Partners Landing Page].
About Visa Inc.
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
