|By Marketwired .||
|July 16, 2014 02:30 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/16/14 -- Visa Inc., the global leader in payments, today announced the opening of One Market, an innovation center and office space at One Market Street in San Francisco. The move provides Visa technologists, its clients, and partners an innovative space to jointly develop the next generation of commerce applications. As a part of the grand opening of One Market today, Visa also announced the launch of Visa Checkout, a quick and easy payment service that enables consumers throughout the United States, Canada and Australia to pay for goods online, on any device, in just a few clicks.
Visa's new One Market office and innovation center will be home to more than 500 Visa employees, including technology experts and developers whose mission will be to ensure that every Internet connected device, appliance or wearable computer, can become a secure place for commerce.
"Realizing our vision to remain the best way to pay and be paid - for everyone, everywhere - requires a commitment to collaborate and foster innovation," said Charlie Scharf, chief executive officer, Visa Inc. "One Market will enable our product developers to directly engage with clients and partners in the tech community, and extend the security and simplicity of Visa payments to billions of connected devices and new consumer applications."
"As a Canadian company with a global footprint, we have valued Visa's commitment to help us develop innovative technologies that are relevant and accessible in any market," said Mitchell Cobrin, founder and chief executive officer of Montreal-based AnywhereCommerce. "We look forward to achieving future technology milestones with Visa's support as more and more consumers adopt mobile payment solutions worldwide."
Visa Checkout: Easier Way to Pay
According to data from comScore, in the first quarter of 2014, 43 per cent of total eCommerce spending in Canada was done with a Visa product(1). Security, ease of use, and loyalty benefits were among the top reasons cited by cardholders when asked why they prefer to use their Visa account when making online purchases(2).
For consumers and online retailers, Visa Checkout offers an easy and secure way to pay online. Enrolling in Visa Checkout is intuitive and simple, and shoppers can use any Visa debit or credit card or even other branded cards to make purchases from a PC, mobile device or within a mobile app. Once enrolled, shoppers simply provide their username and password to complete the payment process -- without ever having to leave the merchant's website.
"Canadians are increasingly shopping online via multiple devices," said Brian Weiner, Vice President, Product and Strategy, Visa Canada. "Visa Checkout provides Canadian consumers a simplified and secure online checkout experience, without their having to continually re-enter payment and billing information, from the Visa brand and an issuer they already know and trust."
The online checkout experience continues to be a consumer pain point with shopping cart abandonment rates as high as 68 per cent(3), according to research firm, eMarketer. In some cases, consumers have to click through multiple screens, filling out detailed information, before completing a purchase. The problem is even more pronounced as devices become smaller with 86 per cent of shoppers never completing their purchases on mobile devices(3).
Strong Merchant Relationships
Cineplex Entertainment, Beyond the Rack, ClearlyContacts.ca, World Vision, and Cymax Canada are some of the top online retailers currently offering Visa Checkout in Canada. Other retailers, including lululemon athletica, Staples Canada, Ticketmaster, United Airlines, Newegg.ca and Tigerdirect, will be unrolling Visa Checkout for quick and easy online payments. Visa Checkout replaces the V.me by Visa service, first introduced in 2012.
"A quick, easy online checkout is part of our commitment to provide guests with an exceptional entertainment experience," said Pat Marshall, Vice President, Communications and Investor Relations, Cineplex Entertainment. "Visa Checkout makes it even easier for movie-goers to skip the box office line and purchase their tickets at Cineplex.com."
Visa Checkout SDK
With the launch of Visa Checkout, a new mobile SDK is also available, allowing developers to quickly build and implement a native in-app checkout experience for iOS and Android-based devices.
The Visa Checkout SDK files and related documentation are available for download from the Visa Developers website at http://developer.visa.com/visacheckout. The Visa Developers program offers tools, technology and support for developers interested in building innovative payment solutions.
Visa Checkout Availability
Starting today, consumers can sign up and use Visa Checkout through a participating merchant or directly at visacheckout.ca.
For additional information, please visit http://visatechmatters.tumblr.com
Additional Canadian Retailer Quotes:
Retailers in Canada support the launch of Visa Checkout. The following are quotes by merchants currently using Visa Checkout:
"As an online retailer, our members expect their purchase experience to be quick and effortless," said Richard Cohene, Director of Marketing and Business Development, Beyond the Rack. "Beyond the Rack is thrilled to offer Visa Checkout as a secure payment option to help remove friction at the checkout, especially as we optimize the mobile shopping experience for our customers."
"ClearlyContacts.ca built its brand by offering designer glasses and brand name contact lenses to Canadians who chose the convenience of using online commerce to pay for their purchases," said Braden Hoeppner, Chief Marketing Officer, ClearlyContacts.ca. "Visa Checkout will help to streamline the web and mobile checkout experience for our customers."
Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks - VisaNet - that is capable of handling more than 47,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products.
(1) Source: Canada eCommerce Market Share, Q1 2014, comScore
(2) Source: Visa Global Research, 2010
( 3 ) Source: Shopping Cart Abandonment, February 2014, eMarketer
In the enterprise today, connected IoT devices are everywhere – both inside and outside corporate environments. The need to identify, manage, control and secure a quickly growing web of connections and outside devices is making the already challenging task of security even more important, and onerous. In his session at @ThingsExpo, Rich Boyer, CISO and Chief Architect for Security at NTT i3, will discuss new ways of thinking and the approaches needed to address the emerging challenges of securit...
Feb. 21, 2017 10:00 AM EST Reads: 1,295
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
Feb. 21, 2017 09:45 AM EST Reads: 1,333
As cloud adoption continues to transform business, today's global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
Feb. 21, 2017 09:30 AM EST Reads: 1,728
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 21, 2017 09:30 AM EST Reads: 244
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
Feb. 21, 2017 09:00 AM EST Reads: 969
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Feb. 21, 2017 09:00 AM EST Reads: 157
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Feb. 21, 2017 07:45 AM EST Reads: 408
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Feb. 21, 2017 07:45 AM EST Reads: 224
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
Feb. 21, 2017 07:30 AM EST Reads: 4,254
When building large, cloud-based applications that operate at a high scale, it’s important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. “Fly two mistakes high” is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee A...
Feb. 21, 2017 07:00 AM EST Reads: 5,259
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 21, 2017 04:30 AM EST Reads: 1,502
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
Feb. 21, 2017 03:45 AM EST Reads: 957
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Feb. 21, 2017 03:30 AM EST Reads: 3,642
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet and...
Feb. 21, 2017 03:30 AM EST Reads: 7,623
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 21, 2017 03:00 AM EST Reads: 1,708