Visa Launches Commercial Integrated Partners Program to Boost Fintech Connectivity
Visa (NYSE: V), a global leader in digital payments, has launched the Visa Commercial Integrated Partners program, designed to enhance connectivity between fintechs and Visa Commercial products via advanced APIs. This initiative empowers fintechs and financial institutions to embed Visa’s payment capabilities into their platforms, delivering seamless and innovative payment experiences to business customers.
Empowering Fintechs and Financial Institutions
Visa Commercial Integrated Partners provides an ecosystem, technology framework, and APIs that allow fintechs and business application providers to integrate payment functionalities effortlessly. Financial institutions using Visa’s commercial platform can now offer virtual payments, data solutions, and enhanced payment experiences without costly and lengthy technical integrations.
For instance, Car IQ, a fleet and vehicle technology leader, is an early partner. Through integration with Visa’s commercial platform, Car IQ enables clients to use virtual cards for in-app payments at fuel providers — eliminating months of onboarding and development work.
Benefits to Ecosystem Participants
- Fintechs: Reduced development time and costs, enabling focus on innovation and customer experience.
- Financial Institutions: Access to pre-evaluated fintech partners, enhanced commercial card offerings with features like tokenization, transaction controls, and detailed settlement data.
- Business Customers: Seamless payment options embedded in ERPs, expense management, mobile, and vehicle apps.
Leadership Insights
Darren Parslow, Global Head of Visa Commercial Solutions, highlights the program as a major step in accelerating innovation and reducing costs for partners globally. Sterling Pratz, CEO of Car IQ, emphasizes how transforming vehicles into Visa payment credentials will help banks reclaim fleet spend lost to legacy systems.
Global Framework with Local Adaptation
Visa’s program supports a worldwide network of partners while addressing local market needs through consistent contracting, data privacy, security standards, and tailored regional solutions. This flexible approach helps global enterprises and local startups alike benefit from the program.
Commitment to Continuous Innovation
Visa Commercial Integrated Partners gives access to the latest payment technologies, fostering continuous evolution to meet emerging trends. Visa invites fintechs and financial institutions worldwide to join the program and shape the future of commercial payments.
