Visa Unveils New Digital Card Enhancement Tools

Visa Unveils New Digital Card Enhancement Tools

May 4, 2017         Written By John H. Oldshue

Visa announced it is partnering with financial institutions to create tools that will make it easier for customers to use their credit card digitally.

These new tools will use the Visa Token Service (VTS), which replaces the 16-digit account number, expiration date and security code with a unique identifier that allows shoppers to pay without exposing their account details.

The new features will allow Visa cardholders to easily add their card to digital wallets, card-on-file merchants, e-commerce enablers and Internet of Things (IoT) providers without manually signing up for each service individually. Users can also log into their bank’s mobile app and link their new card to a digital wallet before they even receive the card in the mail.

Financial institutions have a number of other options to explore with these new services as well. For instance, a cardholder could give another user access to their payment card details through the digital wallet. From here, that trusted person, such as a child or caregiver, could use the card to make purchases online or via a mobile wallet without giving them access to the physical card.

“As consumers become more connected, it is increasingly important for cardholders to be able to manage digital payment activities in one central location,” said Jim McCarthy, executive vice president of innovation and strategic partnerships at Visa Inc. “With these new capabilities, we are enabling our financial institution partners to deliver greater control, increased insights and enhanced security to their cardholders who make digital payments.”

The new features will be released in the United States and Australia in 2018.

The information contained within this article was accurate as of May 4, 2017. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About John H. Oldshue

John Oldshue is the creator of He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for
View all posts by John H. Oldshue
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