Worldpay from FIS and Visa Collaborate to Strengthen Digital Commerce Security and Convenience
December 10 2020 - 8:00AM
Business Wire
Key facts
- Worldpay from FIS’ token management service will create direct
connection to Visa Token Service, providing industry-leading global
data protection services.
- Through Click to Pay with Visa, merchants can offer an easy,
smart and secure checkout experience.
- Click to Pay with Visa is interoperable with Visa’s
tokenization technology which protects the underlying card number
from fraudsters.
FIS® (NYSE: FIS) today launched its token management service,
offering online merchants and partners access to Visa Token Service
to protect their payments environment and strengthen their digital
commerce strategy. The service provides clients with access to
industry-leading tokenization capabilities from Visa, which can
help reduce risk of data theft while helping to retain customers
through uninterrupted commerce and enhancing card not present
authorization rates.
FIS will also enable Click to Pay with Visa, which provides
online shoppers with a smarter, streamlined checkout experience.
Shoppers do not need to repetitively enter Visa payment card,
shipping and billing data, which can reduce cart abandonment rates.
Click to Pay with Visa is particularly beneficial to merchants that
have a high percentage of guest checkout transactions, delivering a
faster and seamless payment experience. Worldpay will provide Click
to Pay with Visa to its network of merchants, regardless of the
merchants’ acquiring relationship.
Worldpay’s token management service is available to
organizations globally through a single integration, which can
handle both Worldpay and Visa payment tokens.
“As the shift to digital commerce accelerates globally, so does
the need for products that enhance both security and authorization
rates,” said Ansar Ansari, global head of platform products, Visa.
“Worldpay’s approach through their token management service and
Click to Pay with Visa will make tokenization and digital payment
integration much easier for merchants, while enhancing security and
the user experience for millions of online shoppers.”
Using Worldpay’s token management service seamlessly connects
various Worldpay tokenization deployments across an enterprise
while reducing the risk of handling sensitive data. By employing a
tokenization strategy for card-on-file data, online merchants may
also more easily comply with PCI requirements.
“This new token management service approach changes the rules on
tokenization by unifying a variety of tokens and data types, making
token management simpler for online merchants who are looking for
more security and seamless payment experiences,” said Nicole Jass,
SVP of Product at FIS. “Merchants and shoppers will both benefit
from this increased level of security, which will help protect
sensitive data across the entire payments ecosystem.”
About FIS
FIS is a leading provider of technology solutions for merchants,
banks and capital markets firms globally. Our employees are
dedicated to advancing the way the world pays, banks and invests by
applying our scale, deep expertise and data-driven insights. We
help our clients use technology in innovative ways to solve
business-critical challenges and deliver superior experiences for
their customers. Headquartered in Jacksonville, Florida, FIS is a
Fortune 500® company and is a member of Standard & Poor’s 500®
Index.
To learn more, visit www.fisglobal.com. Follow FIS on Facebook,
LinkedIn and Twitter (@FISGlobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20201210005041/en/
Kim Snider, +1 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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