TechPression

Tag: Tap to Add Card

  • Visa makes adding cards to digital wallets easier in Jordan

    Visa makes adding cards to digital wallets easier in Jordan

    On Monday, Visa announced its “Tap-to-Add Card” feature in Jordan. This innovation aims to enhance the security and convenience of adding cards to digital wallets by eliminating the need for manual entry, which is often a source of errors and fraud vulnerabilities.

    Read also: 𝐕𝐢𝐬𝐚’s ‘𝐓𝐚𝐩 𝐭𝐨 𝐀𝐝𝐝 𝐂𝐚𝐫𝐝’ expands 𝐭𝐨 𝐔𝐤𝐫𝐚𝐢𝐧𝐞, 𝐆𝐞𝐨𝐫𝐠𝐢𝐚, 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚 to enhance digital payments

    Tap-to-add card: streamlined and secure digital wallet setup

    The Tap-to-Add Card feature generates a unique, one-time code validated through Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials. This process provides a faster and more secure alternative to traditional methods, offering cardholders greater peace of mind when adding cards to digital wallets. 

    As Mario Makary, Vice President and Cluster Manager for Levant at Visa, noted, “We are excited to bring the enhanced security and simplicity of Tap-to-Add Card to Jordan. The solution provides cardholders with greater peace of mind when adding a card to a digital wallet, knowing their information is protected by advanced security measures.

    We believe that Tap-to-Add Card will be instrumental in driving further adoption of digital wallets in Jordan by addressing key security concerns and simplifying the user experience”.

    Tap-to-Add Cards can help issuers reduce the risk and associated costs of provisioning fraud, simplify the add-to-wallet process, and lead to fewer customer service inquiries. It also improves transaction approval rates.

    Digital wallets benefit from improved token provisioning rates due to fewer card entry errors and compliance with Visa’s security standards.

    Read also: X partners with Visa to power X Money wallet, peer-to-peer payments

    Tap-to-Add card drives digital payment

    Tap-to-Add Card is designed to benefit all stakeholders in the payments ecosystem. Cardholders enjoy a faster, more convenient, and more secure way to add cards to their digital wallets, encouraging greater adoption of digital payments. 

    The technology supports digital wallets globally, ensuring seamless integration with existing digital wallet experiences. With over 542 Tap-to-Add Card tokens enabled in Jordan, the feature demonstrates its ability to streamline and secure digital wallet provisioning.

  • 𝐕𝐢𝐬𝐚’s ‘𝐓𝐚𝐩 𝐭𝐨 𝐀𝐝𝐝 𝐂𝐚𝐫𝐝’ expands 𝐭𝐨 𝐔𝐤𝐫𝐚𝐢𝐧𝐞, 𝐆𝐞𝐨𝐫𝐠𝐢𝐚, 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚 to enhance digital payments

    𝐕𝐢𝐬𝐚’s ‘𝐓𝐚𝐩 𝐭𝐨 𝐀𝐝𝐝 𝐂𝐚𝐫𝐝’ expands 𝐭𝐨 𝐔𝐤𝐫𝐚𝐢𝐧𝐞, 𝐆𝐞𝐨𝐫𝐠𝐢𝐚, 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚 to enhance digital payments

    Visa‘s “Tap to Add Card” service, which allows users to digitise their bank cards by just tapping them against their phones, has been extended to South Africa, Georgia, and Ukraine.

    The conventional manual card entry method, which has been found to be both error-prone and vulnerable to fraud, is eliminated by this technological advancement.

    Read also: X partners with Visa to power X Money wallet, peer-to-peer payments

    In order to guarantee safe credential provisioning, the service uses Visa’s Chip Authenticate service, which creates a special, one-time code during the tapping procedure.

    The statement released on February 11 states, “Bringing enhanced security and convenience, Tap to Add Card eliminates the cumbersome process of manual entry, a common source of errors and a vulnerability exploited by fraudsters seeking to compromise sensitive card information.”

    The statement adds, “The tap generates a unique, one-time code validated by Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials and offering a significantly faster and more secure alternative to traditional methods.”

    Advantages of Visa’s “Tap to Add Card”

    In addition to providing cardholders with a more convenient and safe digital wallet integration experience akin to in-store payments, the solution offers numerous advantages throughout the payment ecosystem.

    Read also: Kenya scraps electronic travel authorisation for 52 African countries

    The solution improves transaction approval rates, lowers customer care enquiries, and lowers provisioning fraud risks and related expenses for financial institutions.

    Improved security standards and maybe greater token provisioning rates as a result of fewer card entry errors benefit digital wallet providers, opening up new consumer experiences.

    “Tap to Add Card is designed to benefit all stakeholders in the payments ecosystem,” Visa adds. “Offering an experience similar to in-store payments, cardholders can enjoy a faster, more convenient, and more secure way to add cards to their digital wallets, encouraging greater adoption of digital payments.