Now more than ever, consumers are using their mobile devices to send and receive payments, with a projected £700+ billion in yearly global transactions by 2017. As mobile payment continues to increase rapidly in the US and worldwide, Visa is helping redefine the consumer experience with new and secure digital payment technologies.
The next wave of digital payments, supported by the security of Visa.
To meet the fast and continued growth of mobile transactions, Visa is introducing technologies that will significantly reduce payment fraud in the US and around the world, helping to protect Visa partners from cyber security threat.
Visa Token Service helps protect every Samsung Pay transaction by replacing sensitive payment information with a unique digital identifier or “token”. This encrypted token keeps actual card details private and has no value if compromised.