[Openid-specs-fapi] VISA+ Analysis

[Gail Hodges]

I would have to find out more than the brochure-ware here, but I agree this pitch is for p2p providers of which there are many domestic services. The pitch is probably to help capture the lucrative cross border p2p market and partly to achieve that with a privacy angle of not needing to share the email and phone number. 

I do not think this has much bearing on in person merchant transactions, except some categories of services like TaskRabbit and other small business payments where people sometimes prefer different apps with features they need. 

> On Apr 15, 2023, at 7:55 AM, Anders Rundgren via Openid-specs-fapi <openid-specs-fapi at lists.openid.net> wrote:
> 
> Hello payment security experts!
> Any idea of how VISA+ works? https://usa.visa.com/products/visa-plus.html
> 
> VISA+ replaces the card/account-id with a human-oriented name.
> 
> Since the name is unprotected, VISA+ is likely to depend on a single trusted service.
> 
> I don't understand how you suddenly become independent of which P2P app you use.  To me it rather looks like an attempt to get P2P payment providers to adopt VISA+.
> 
> For local payments, QR or NFC seem more logical.  The problem with P2P is really for remote payments where the identity of the receiver is not always entirely obvious.
> 
> I still think that a payment URL would be worthwhile, otherwise we will be stuck with Big Tech solutions.
> 
> Cheers,
> Anders
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