KARACHI: Visa has launched Visa Intelligent Authorisation, a new capability on the Visa Acceptance Platform that enables acquirers (banks and other financial institutions that process payments for merchants) to modernise their payment processing through a single API connection, helping eliminate the need for expensive, time consuming infrastructure maintenance, a statement said on Wednesday.
Visa Intelligent Authorisation helps address these challenges by providing a modern authorisation capability that can process transactions across major global and local card networks through a single integration. The solution delivers 99.999 per cent uptime and achieves an average approval rate of 96.3 per cent globally, both industry leading benchmarks. It can be deployed as an acquirer’s primary authorisation processor or as a complementary solution to strengthen resilience -- supporting business continuity and recovery, and expanded capabilities alongside existing infrastructure.
Head of Value-Added Services for Central and Eastern Europe, Middle East, and Africa (CEMEA) at Visa Walter Lironi said: “Commerce is evolving rapidly, and acquirers need authorization infrastructure that can keep up. Yet many transactions still run on legacy systems built for a different era. Visa Intelligent Authorization modernises payment processing through a single API across major global and local card networks, enabling greater reliability today and readiness for what comes next.”
Visa Intelligent Authorization is available to eligible acquirers as part of the Visa Acceptance Platform, providing a scalable foundation for modern payment processing as the industry continues to evolve.
