Daily Management Review

Visa opens center of innovative technologies in London


02/23/2017


Visa company opened the largest center of innovation in London. The facility will be used to develop new methods of payments in cooperation with partners and customers from all over Europe.



Fosforix via flickr
Fosforix via flickr
The area of more than 1 sq. m. has locations for live demonstrations, including presentations of Internet of Things, virtual reality and biometrics. The new London center is yet another link in the global network of technology innovation centers located in Berlin, Dubai, Miami, San Francisco, Singapore, Sao Paulo and Tel Aviv.

Visitors will have an opportunity to try cars with networking capabilities and smart home systems with a possibility of automobile insurance payment or placing an order food not leaving their own kitchen. The creators were focused on retail, so the center offers virtual reality headsets to choose a seat at "Formula E" race and pay for tickets using biometric authentication.

Launch of the center coincided with deployment of a new Visa platform for developers in Europe. The platform will unite financial institutions, technology companies and start-ups, and will give unlimited access to API, developer kits and software documentation to develop various applications.

"As the payment industry moves from plastic cards to new form factors, and new players with innovative payment products are emerging in the market, Visa considers its mission to provide e-commerce security for each stationary and portable device connected to the Internet. Innovation Center in London, along with other innovation centers of Visa global network, plays a key role in implementation of policies aimed at promoting innovation and principles of "open commerce."

At official opening of the center, Visa also recalled expansion of its payment service Visa Token Service for secure payments with mobile phones in Europe. The technology has already been integrated into mobile payment systems in 27 countries around the world, including France, Ireland, Poland, Switzerland and the United Kingdom with support of more than 1.3 thousand financial institutions. The company expects that Visa Token Service will be represented in 12 European countries by the end of 2017.

source: silicon.co.uk






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