Visa Launches Commerce Network to Drive Merchant Sales and Deliver New Cardholder Benefits

Visa Commerce Network offers: Ease of use: Visa Commerce Network eliminates the need for coupons at the point-of-sale (POS) because promotions are seamlessly executed through card statement credits or rewards at time of service. Consumers can receive and redeem offers after accepting offers online from participating partners simply by using their Visa cards directly or via a mobile device. All tracking of promotions are managed by Visa and seamless to the merchant. Extensive Analytics: Merchants receive aggregated, near real-time reporting on their programs with the ability to see how offers and promotions are impacting local spend throughout the campaign lifecycle. Scale: Running on Visa’s global payment network, which handles more than 100 billion transactions annually, Visa Commerce Network can scale to accommodate merchant offers of any size, without the need for new processes or staff training. Visa is looking forward to working with merchants, issuers and cardholders to add value to all parties with the Visa Commerce Network. “This is a service where everyone benefits,” said Ramon Martin, global head, merchant sales and solutions, Visa Inc. “Visa cardholders get access to great offers that don’t require any changes to how they pay, while merchants can acquire new customers and increase sales. By coupling the power of Visa’s payment network with our merchant partners, we are unleashing value for businesses, issuers and consumers alike.”]]>

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