Visa launches Intelligent Authorisation in Europe to modernise payment stacks [Yahoo! Finance]
Fiserv, Inc. (FISV)
Last fiserv, inc. earnings: 2/4 04:01 pm
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Source: Yahoo! Finance
The new service enables acquirers – including banks and other financial institutions that process payments for merchants – to modernise legacy payment systems via a single API connection. Initial European partners include Comercia Global Payments, Elavon, Fiserv, UNICRE and Worldline. Visa highlighted that legacy acquiring platforms are struggling with current payment volumes and data complexity, causing false declines, higher costs, and limiting innovation. VIA is designed to tackle these issues by offering a modern authorisation capability able to process transactions across major card networks through a single integration. Visa Europe head of Acceptance Sales Dan Parsons said: “When systems can't keep up, the result is higher decline rates, increased costs and missed sales for merchants. Visa Intelligent Authorisation will help change that. It gives acquirers a fast path to modern, resilient processing, helping them build for what's happening now, and what's coming next.”
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