Visa Token Service to Add 28 New Partners to Strengthen

Digital Payment Security Globally

The new partners will help Visa protect millions of additional digital payments from fraudsters and reduce friction for

merchants and consumers

Inc. ( joining Visa Token Service as credential-on-file (COF)

token requestors. These new partners will help make digital

transactions more secure by tokenizing both one-time and

recurring payments made with Visa credentials.

Tokenization replaces a cardholder’s 16-digit Visa account

number with a token that only Visa can unlock, protecting

the underlying card number from fraudsters.

 

New partners joining Visa Token Service include acquirer

gateway and technology partners Assist, Aurus, BlueSnap,

Braspag, Bambora, DPO PayGate, eComCharge, Fat Zebra,

eGHL, Infinitium, iPay88, iVeri, LiqPay/PrivatBank, Mail.ru,

Moneris, One Inc., Omise, Payture, Payvision,

Portmone.com, RBK.Money, Spreedly, Tickets Travel

Network EESTI, Tranzzo, walletdoc, WayForPay, Windcave,

and Yandex.Money. Once certified, these 28 partners will

be able to tokenize credential-on-file digital payments on

behalf of their merchant and payment clients for an

additional level of security.

In addition to enhancing security, tokenization also helps

reduce friction in the payment process, because customers

do not have to manually update stored card information if

their Visa card is lost, stolen or expires. Instead, financial

institutions can automatically update expired or

compromised payment credentials. This can reduce missed

payments for merchants, and help consumers avoid

unwanted late payment fees or charges.

More than two-thirds (69%) of US consumers choose to

store a card-on-file or have recurring billing set up with

merchants1. Increasingly, these merchants are choosing

tokenization to make their customers’ online shopping and

recurring digital payments less susceptible to fraud, with

Visa adding more than 150 token requestor partners to Visa

Token Service in the last five years.

“Consumers are shifting more rapidly than ever to digital-

first commerce, no matter what they’re buying, and

tokenization is one of the most effective tools Visa uses to

fight fraud and improve the digital payment experience,”

said Ansar Ansari, senior vice president, digital payment

products, Visa. “We’ve seen a fraud reduction rate of 26%

for digital transactions processed through Visa Token

Service compared to traditional online card transactions2.

That’s impressive, and these new partners will only add to the momentum.”

The expansion of Visa Token Service comes as the service

has achieved rapid growth for its credential-on-file (COF)

tokenization efforts, with more merchants and retailers

moving to adopt the secure technology. Since the launch of

the Visa Token Service in 2014, Visa has added more than

150 global token requestors—including mobile and

wearable manufactures, issuer wallets, online merchants,

payment service providers and acquirers—from 137

markets onto the token platform. Visa recently announced

participants in Visa Token Service (VTS) are estimated to

process a combined digital payment volume of $1 trillion3,

marking a significant opportunity in its efforts to make

digital payments more secure.

The addition of these new acquirer gateways and token

requestors will bring additional scale globally and support

Visa’s commitment to security and convenience of online

and mobile payments from both traditional eCommerce as

well as credential-on-file transactions.

Comments from Partners:

“Assist Belarus is interested in providing its customers with

the best services in the field of Internet acquiring,” said

Vyacheslav Senin, Director, Assist Belarus. “We’re proud to

be partnering with Visa, leveraging Visa Token Service in

order to provide a new level of protection for digital

payments. The technology will help protect transactions by

replacing confidential payment information with a unique digital token.”

“Aurus has been working with Visa to introduce features

and products to Aurus Merchants and consumers that help

shoppers enjoy simple and secure checkouts along with

enhanced security,” said Rahul Mutha, Founder and CEO of

Aurus. “Visa Token Service is one such feature that helps

merchants protect the underlying sensitive payment

information, thereby leveraging the AurusPay unified

commerce that provides these powerful touchpoints for a

merchant to transact with their consumer.”

“Visa Token Service addresses three key needs of

ecommerce merchants: increased payment conversions,

greater security and reducing friction from the card user

experience,” said Ralph Dangelmaier, CEO, BlueSnap. “We

are excited that it will now be part of BlueSnap’s All-in-One Payment Platform.”

“Bambora is pleased to partner with Visa to help bring the

Visa Token Service to market for businesses and

consumers,” said Anne McDonnell, APAC Managing

Director, Bambora. “As consumers, many of us have

experienced the challenge of updating card details in

multiple platforms when a card becomes lost or expired.

This latest innovation by Visa will help Bambora merchants

increase authorization rates, while providing consumers

with a more seamless and secure customer experience – it’s a win-win.”

“We at Braspag believe that security is a key element in the

payment experience,” said Rogério Signorin, General

Manager, Braspag. “Combining security, convenience and

simplicity with innovation is part of our mission and

tokenization helps to deliver these to the e-commerce

market. There are still many opportunities to expand digital

business in Brazil and around the world and Braspag will

certainly continue to contribute to the growth of this sector.”

“We are excited to join the Visa Token Service program as a

Token Requestor – Token Service Provider,” said Alexander

Mihailovski, CBDO, eComCharge LLC. “Participating in the

program will allow us to make payment acceptance in e-

commerce more convenient, fast and secure for all

participants of the transaction. We are pleased to become a Visa partner.”

“Since day one, Fat Zebra has been about building a

payments ecosystem with partners who can accelerate our

customers’ ambitions. We’ve always been committed to

protecting every dollar our merchants process with us by

offering world-class fraud solutions and tokenization

products,” said Pred Dragila, CEO, Fat Zebra. “Continuing to

deepen our partnership with Visa gives us even more

confidence in our merchants’ ability to deliver a great

customer experience – all over the world. Fat Zebra

merchants who use our implementation of the Visa Token

Service can start protecting their customers’ data right

away. The speed and accuracy is a huge deal for our merchants.”

“With increasing use of mobile smart devices and mobile

commerce, new payment technologies are streamlining

payment processes to deliver the best customer

experiences that are seamless, simplified and secured,”

said Danny Leong, Group CEO, eGHL. “GHL is honored to

partner with Visa on VTS adoption in Southeast Asia,

helping to transform the banking and e-commerce

landscape in the region. Once online, over 2000 eGHL

merchants from various industries will benefit from the technology.”

“Infinitium is pleased to act as a Visa Token Requester-

Token Service Provider,” said Ho Ching Wee, Founder and

Group Chief Executive Officer, Infinitium. “This partnership

with Visa allows Infinitium to support Visa VTS as well as

enhance our various payment systems for acquirers and

merchants. Infinitium is committed to powering digital

payment convergence and driving impact to the world with

more secure and seamless services.”

“Securing transactions between our merchants and online

shoppers has always been our top priority,” said Mr. Lim

Kok Hing, Co-Founder and CEO of iPay88. “iPay88 is proud

to be a partner of Visa Token Service and work together in

ensuring a more secure, optimized and seamless payment

experience for our customers. We believe in digitalization

and are responsible for providing a secure and optimized

payment ecosystem to our merchants.”

 

“Assisting merchants to achieve the best possible security

is always a priority at iVeri,” said Barry Coetzee, CEO, iVeri

Payment Technology. “So leveraging Visa Token Service to

provide an end-to-end tokenized transaction was an easy decision for us.”

“Keeping cardholder data secure while ensuring our

merchants have peace of mind when using Moneris Vault

for card-on-file requirements has always been our priority,”

said Patrick Diab, Chief Product Officer at Moneris Solutions

Corporation. “Visa Token Service increases the layers of

security within Moneris Vault. The ability to request a token

from Visa and then provide that within a Moneris token for

merchant authorization, allows merchants to benefit from

the combined security and value added services offered by Moneris and Visa.”

“We are excited to offer the Visa Token Services to Omise

merchants across Southeast Asia in the future,” said

Anuchit Chitpirom, Chief Operating Officer, Omise. “This

move reinforces our commitment towards consumer and

merchant protection, as well our ability to provide a better,

more seamless consumer shopping experience. Dynamic

updates of credentials when a card is lost, stolen or expired

helps ensure uninterrupted service for end consumers and

improved authorization rates for our merchants.”

“One Inc. is excited to support and offer Visa Token Service

to our customers in the insurance industry,” said Avin

Arumugam, Chief Product Officer, One Inc. “For insurance

companies, payments are the primary touchpoint in the

policyholder’s journey, either creating tremendous loyalty

to a brand or negatively impacting retention. By

collaborating with Visa, we’re enabling our customers to be

confident in both the highest level of security and a

modern, frictionless payments experience.”

“Online payments have become an indispensable tool for

businesses and it is very important to make them as

accessible and secure as possible, both for buyers and

sellers. At Payture, we are confident that tokenization will

continue to be an integral part of the digital payment

experience,” said Anna Salomatova, Chief Commercial

Officer, Payture. “We are pleased to become a part of the

global industry transformation process and are excited to

be one of the IPSPs implementing Visa Token Service in

Russia. We believe that this is a big step for the entire

eCommerce community in Russia and the CIS, and will

make online payments more convenient and secure for all market players.”

“By adding Visa’s network tokens, Payvision enhances its

existent tokenization solution with an additional layer of

security for effective fraud prevention,” said John Snoek,

Chief Product Officer, Payvision. “Through VTS we enable a

no-effort option for our merchants to provide more secure

and seamless payments and a simplified shopping

experience. E-commerce and in-app channels, especially for

‘Card-on-file’ transactions, will see a higher authorization

rate and improved conversions.”

“Portmone.com is excited to support Visa Token Service

and offer it to merchants, users and bank-partners in

Ukraine and other markets across the CIS SEE region,” said

Sviatoslav Komakha, CEO, Portmone.com. “Regular high-

frequency payments in two clicks is the core of our business

model and VTS fits perfectly here with an improved card on

file experience, better security and higher conversion rates.”

“PrivatBank is proud to launch card-not-present

tokenization that focuses on two important pillars: user

experience improvement and security level increase,” said

Sergiy Kharitich, Chief Digital Officer, PrivatBank. “Our

company is sure that this technology will help to develop

eCommerce faster and will have significant positive impact

on consumers and all eCommerce industry players.”

“RBK.money aims to provide only the best solutions for the

developing digital payments market,” said Denis Burlakov,

CEO, RBK.Money. “Seamless approaches to financial

services are a must nowadays, and we’re glad to join Visa

Token Service to give Russian merchants new payment

technology which can increase transaction approval rates,

improve security and the overall customer experience.”

“Spreedly is very pleased to join the Visa Token Service

ecosystem,” said Justin Benson, CEO, Spreedly. “Our

support will help accelerate the adoption of this valuable

offering for merchants, enabling them to drive greater

business flexibility, revenue and security through our

payment orchestration services.”

“At Tickets Travel Network EESTI we have always regarded

payment security and continuous improvement of the user

experience as of paramount importance,” said Ihor

Hrabovych, Management Board Member, Tickets Travel

Network EESTI. “That is exactly why we’re leveraging

Visa’s tokenization technology to increase information security.”

“Tranzzo is excited to support Visa Token Service. By

combining Visa’s solution with our data protection tools,

we’re enabling merchants to reap the benefits of

tokenization,” said Yan Klochko, CEO Tranzzo LTD. “Our

integration with VTS will bring merchants an extra level of

security and enhanced customer experience, while making

digital payments on their web platform even more convenient.”

“walletdoc is excited to support and offer Visa Token

Services to our business merchants,” said Dan Wagner,

Joint CEO, walletdoc. “Through our partnership with Visa,

walletdoc aims to provide merchants with improved

authorization rates, automatic card expiry renewal and

increased security with little, if any, additional work on their part.”

“As a popular PSP in Russia, Yandex.Checkout is proud to

offer clients heightened security and reduced friction in the

customer experience through our extended partnership

with Visa,” said Yulia Gorelova, head of payment business

at Yandex.Money (parent company for Yandex.Checkout).

“As a token requestor in Russia, we expect to provide new

opportunities for merchants in the region by reducing

friction in payment processes and card credentials storage.”