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Thursday, July 17, 2014

Tech Buzz: New Online Payment Service for Quicker Checkout Launched by Visa

New Online Payment Service for Quicker Checkout Launched by Visa

Payment processor Visa is launching a new service called Visa Checkout that eliminates a few steps in online payment.



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Visa Checkout joins similar services like eBay's PayPal, MasterCard's MasterPass, Amazon's one-click checkout and others. It's not Visa's first effort. In 2012, Visa launched a similar V.me service, which Visa Checkout is replacing.

The company and its retailing partners, including Neiman Marcus, Pizza Hut, Staples and others, hope a quicker payout will lead to fewer abandoned shopping carts online. As more customers shop on smaller screens like smartphones and tablets, the hassle of entering in credit card numbers and billing addresses is becoming a sticking point and payment processors have been working to find ways to simplify the process.

Users can sign up with Visa credit and debit cards, as well as other branded cards, and enter their card information just once. Then they will be able pay for things via Visa by only entering their username and password at participating sites. The service is currently being offered in the U.S., Canada and Australia

Tags: Visa Checkout,Visa credit,debit cards,Online Payment Service










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