What is visa provisioning service?

Visa provisioning service is a crucial component in the modern payment ecosystem. It refers to the process of securely and digitally delivering payment card credentials to a mobile device or other digital wallet, enabling contactless payments and other digital transactions. This process replaces the traditional method of physically issuing a plastic card.

Key aspects of a visa provisioning service include:

• <a href="https://www.wikiwhat.page/kavramlar/Tokenization">Tokenization</a>: This is a core security feature. Instead of the actual card number, a unique digital token is created and stored on the device. This token is specific to the device and merchant, limiting the potential damage if compromised.

• <a href="https://www.wikiwhat.page/kavramlar/Secure%20Element%20(SE)">Secure Element (SE)</a>: Often, payment credentials are stored within a secure element on the device. This could be a dedicated chip, a software-based secure element (like Host Card Emulation - HCE), or a Trusted Execution Environment (TEE).

• <a href="https://www.wikiwhat.page/kavramlar/Digital%20Wallet">Digital Wallet</a> Integration: Visa provisioning services are typically integrated with digital wallets like Apple Pay, Google Pay, Samsung Pay, and bank-branded wallets. This allows users to add their cards easily within the wallet interface.

• Over-the-Air (OTA) Provisioning: The service facilitates the secure transfer of payment credentials "over the air" from the issuer or payment network to the device.

• <a href="https://www.wikiwhat.page/kavramlar/Compliance">Compliance</a> and Security: Visa provisioning services must adhere to strict security standards like PCI DSS and meet the requirements set by Visa and other payment networks to ensure the safety and integrity of transactions.

• <a href="https://www.wikiwhat.page/kavramlar/Lifecycle%20Management">Lifecycle Management</a>: The service also handles the management of the digital card, including suspending, resuming, or deleting the tokenized card when the physical card is lost, stolen, or expires.