Innovation at Visa
A History of Innovation
Visa began more than 50 years ago with a vision to offer a better alternative to cash and checks and the deeply held belief that electronic payments could transform commerce.
From the launch of the first revolving credit bank card in 1958 to establishing electronic authorization in 1973, Visa’s significant milestones include countless innovations that have reduced fraud, led to chip-card standardization and the integration of a comprehensive mobile platform. Without the commitment, ingenuity and dedication of Visa’s employees, such advancements would not be possible.
Shaping Our Future
Simply put, Visa was founded on innovation, and innovation will shape our future. Every evolution in the way we pay — from bartering to cash and paper to electronic payments — stimulates economic growth, spurs business innovation and increases commercial efficiency.
Beyond commerce, Visa’s innovations have improved the quality of life for millions of people around the world, giving them the freedom and power to improve their lives and shape their personal futures.
Visa’s innovations include:
- Visa Next Generation Payments, enabling consumers to transact wherever and whenever they choose, using a card, a computer or a mobile device with Visa's reliability, security and global acceptance.
- Visa Money Transfer, a person-to-person payment platform that enables the transfer of funds between Visa accounts.
- Chip Technology that offers increased security and flexibility to certain markets and environments by enabling secure offline transactions.
- Visa payWave, resulting in contactless cards and other devices enabled by radio frequency technology. Visa payWave is ideal for merchant environments in which speed and convenience are critical.
- Mobile Payments and Services that provide a common framework for delivering every type of mobile payment — contactless, remote and money transfers.
Delivering Convenience and Security to the World
Today, Visa has more than 14,800 partner banks and is the universal currency of life, connecting hundreds of millions of people, governments and businesses in more than more than 200 countries and territories. But billions remain without access to today’s global financial system.
Visa invests in innovation and in the people who deliver cutting-edge products and services that expand access to our network to as many people as possible. Our increasingly interconnected world offers Visa, and those who work here, an opportunity to extend the value of Visa to new markets, driving convenient and efficient global commerce and accelerating economic growth.