Visa launches online payments tool for banks
Cairo, November 29, 2012
Visa has launched an online software tool that offers an array of features to allow banks to get to the information they need quickly in order to better manage their electronic payments business.
VisaVue Online (VVO) was launched at a one-day seminar in Cairo for staff members from partner banks entitled “Intelligence in your Hands: VisaNet and VisaVue Online Seminar.”
The one-day seminar was made up of interactive sessions about Visa’s electronic payments platform, VisaNet and Visa’s advanced security tools, set to protect those conducting electronic payments, including consumers, merchants and banks.
The sessions, held recently at the Visa office in New Cairo, commenced with a segment on the value of VisaNet, the world’s largest retail electronic payments processing network, handling an average of 150 million transactions every day.
“Visa continues to provide consumers, businesses and governments with a better form of payment,” said Tarek Elhousseiny, general manager for Visa North and Francophone Africa.
“Since VisaNet's inception as one of the world's first electronic credit card authorization systems, Visa has invested valuable time and assets into improving, refining and expanding its global processing system. This investment ensures VisaNet stays ahead of growing demand for electronic payments, as more people use their cards for online transactions and soon, their mobile devices.”
“Visa believes good business decisions come from better information,” added Elhousseiny. “Visa’s products offer tangible value to all players in the electronic payments process, and by providing the exact tools needed to help our banking community, Visa ensures successful business results for our partners.
“VisaVue Online is the latest tool to be introduced to Egyptian banks to help them stay informed on the way their clients prefer to pay and be paid.”
The final session of the day covered Visa’s multiple defense layers which prevent security breaches, combat fraud and render compromised card data unusable.
“Visa deploys cutting-edge technology and continually develops new solutions that enhance security and help reduce the value of stolen data,” added Elhousseiny.
“Visa’s efforts have kept fraud rates steady near historic lows, enabling cardholders to use Visa with confidence. In fact, with technological innovations and advances in risk management, fraud rates have declined by more than two-thirds in the past two decades.” – TradeArabia News Service