IT PROCUREMENT
picking up data points that you don ’ t typically see under bank statements . So things like the timestamp or merchant ID , the coordinates of the transaction , whether it was via Google or Apple Pay and so on .” That granularity is useful for the use cases employed by Fidel ’ s customers , for instance with loyalty applications identifying in real-time when a customer is spending in a store and notifying them of how many points they have received .
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Visa is assisting cities in their endeavours to make public transport contactless . It ’ s programme has four pillars :
● Consulting : teams to help on implementation and assistance ; this shows that market education is still needed to convince service providers and to ease their doubts regarding new technologies and deployments
● The mass transit transaction model : the model is a backoffice framework to manage contactless payments . It supports the delivery of multiple fares such as fixed fare , distance or time-based fare , and multi modal
VISA
● Tools and standards : the Visa Ready Programme helps companies and their solutions to meet industry requirements and standards , thus easing customers ’ fear of security standards and short lived technologies
● Future of transportation : Visa knows the technology space is fast paced and wants to collaborate and engage with transit operators , technology enablers , fintech companies and others to research and create new solutions . A move similar to what telco operators are doing with the creation of IoT Labs where technologies , solutions , and services are tested
AUGUST 2020