VISA Api: The Power of Visa Network Delivered as an API

Re:VISA Api: The Power of Visa Network Delivered as an API by Patrick_Devine on Thursday February 04, 2016 @07:40PM (#11038513)

I think it's cool that VISA is trying to innovate in the space, but I'm not sure of the target audience for these APIs. For most businesses, you're probably better off integrating to Stripe and not having to deal with Gateways or Merchant Accounts.

Speaking of which, VISA should just buy Stripe.

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Re:VISA Api: The Power of Visa Network Delivered as an API by jesseangell on Thursday February 04, 2016 @10:11PM (#11039153)

Stripe is a gateway. They communicate with processors. The processors handle authorization/settlement between the issuer and acquirer.

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Re:VISA Api: The Power of Visa Network Delivered as an API by matzipan on Thursday February 04, 2016 @09:33PM (#11039021)

See comment above (https://news.ycombinator.com/item?id=11038588). Visa invested in Stripe.

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Re:VISA Api: The Power of Visa Network Delivered as an API by foota on Thursday February 04, 2016 @07:48PM (#11038560)

Maybe high volume processors looking for reduced fees?

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Re:VISA Api: The Power of Visa Network Delivered as an API by Patrick_Devine on Thursday February 04, 2016 @11:19PM (#11039382)

Right. That was my thought, but that's going to be a diminishingly small set of customers. Why go through the hassle of opening it up to everyone? I suppose it's "hip" to have a cool bootstrappy website and an API that anyone can use, but it's just not super useful for most businesses.

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Re:VISA Api: The Power of Visa Network Delivered as an API by foota on Friday February 05, 2016 @07:05PM (#11045704)

Granted it may be a diminishing set, but regardless of the size of the set it seems they would be a large portion of the business? Some sort of 90 10 rule.

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