The way we pay for things has changed dramatically over the past few years. Uber calculates your fare in real-time and charges you as you exit the car. The newest phones have chips that let you pay with a tap.
But that’s only scratching the surface. Visa, for one, envisions a future where pretty much any device could handle a payment, and we won’t even need a phone or credit card to make it work.
To get there and beyond, the payment-processing company is looking for some outside help. On Thursday (Feb. 4) it announced that it’s opening up its VisaNet platform to developers. Considering Visa processes 100 billion transactions per year, it’s a potentially powerful tool for that community. By letting developers focus on the experience and Visa managing the payments—from processing to security and risk—change could happen quickly.
So how will we pay in the not-too-distant future? Visa CTO Rajat Tenaja, head of innovation Jim McCarthy, and head of product Jack Forestell gave Quartz a pee
