Viewpoints

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PERSPECTIVES ON DIGITAL CURRENCY

Mar 10, 2011

systems

Appreciating the Complexities

We understand first-hand that running a payments network is an enormous undertaking, so we were encouraged to see that others recognize it too. In a recent TechCrunch post, a former PayPal senior manager and blogger, Ohad Samet, correctly points out the complexities of the payments industry as new players enter the space. 

At Visa, we’ve spent decades pioneering and mastering the extreme complexities of all aspects of a payments network – from payments processing to information and risk management – relieving participants like financial institutions, merchants and consumers of those burdens. And Visa’s systems are supported 24 hours a day, 365 days a year by a highly experienced team of technical and business experts, a necessity that, as Samet points out, is all-to-often under-appreciated by companies trying to enter the field.

That said, we’re excited that other companies are bringing their capabilities to the payments space. We continue to be committed to combining our expertise and providing added benefits and innovations to consumers.

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Posted by: Ryan Donovan, Corporate Relations on March 10, 2011 at 1:28 pm