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Visa Digital Solutions Launched to Facilitate Secure Payments for Wearables and Internet- Connected Devices

In 2014, commerce initiated with mobile phones and tablets is expected to total $114 billion in the U.S. alone, according to research firm Forrester. On July 24, 2014, global payments leader Visa announced the creation of Visa Digital Solutions, a comprehensive suite of offerings that facilitate secure payments across a broad range of Internet-connected devices and wearables.

Visa Digital Solutions provides the standards, tools and services to turn any Internet-connected device into a secure vehicle for commerce, said Sam Shrauger, a senior vice president at Visa. Smartphone manufacturers can securely load a Visa account within a device, merchants can directly embed Visa payment fun ...

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