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






Science & Technology

Fast Company: Apple isn't the most innovative anymore

U.S. Space Program Could Be Delayed Due To SpaceX, Boeing Design Risks: Reuters

What trends will be affecting the health sector in the coming years?

Deloitte identifies main cyber threats for power industry

Zenuity To Take Self Driving Car Road Test In Sweden With Permission

Researchers: Half of Facebook users is fake

Amazon’s Ring gets in a privacy scandal

Facebook Is Creating A Stablecoin For Its WhatsApp Users

IBM offers to use the first quantum computer

Passport Numbers Of 5 Million Customers Hacked: Concedes Marriott

World Politics

World & Politics

AirHelp expects up to 33 th of cancellations and flight delays per day all over the world in 2019

Far-right and Catalonia: New elections in Spain

Trump is losing rating because of shutdown

Hanoi, Vietnam Chosen As Place For 2nd Summit Between Trump And Kim Jong-Un

US, China to hold new negotiations in Beijing

Human Rights Not To Be Dissociated From Stability, Macron Tells Sisi

Brexit Hijack Is Not The Parliament’s Right

Macedonia ignites political crisis in Greece