VAC will let acquirers, payment service providers, point of sale (POS) manufacturers, and Internet of Things (IoT) players move payment processing software from being embedded in each hardware device to being universally accessible in the cloud.
Already live across six geographies, VAC will help innovators transform almost any device into a cloud-connected payment terminal, while providing cloud-based software updates, robust analytics, and network services from Visa. Since VAC runs on Visa’s data centers, it also offers data security capabilities.
VAC enables any POS or connected device to accept payments and to incorporate a range of added services, including Buy Now, Pay Later, fraud management, Rapid Seller Onboarding, and advanced data analytics. The ongoing pilots in North America, South America, Europe, Africa, Asia, and Australia cater to a variety of use cases, including retailers and restaurants in Australia through Visa’s work with US-based fintech, Bleu.
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