Visa decided to be frank about how the company and electronic payments work, as well as speculate about how we will pay in the near future.

Moscowcredits.ru reports that for this, together with ASAP Production, the company shot the film “Network of Networks,” in which Visa experts talk simply about the complex:

From a startup to the global network: how electronic payments were born 60 years ago, why the experiment almost ended in a complete fiasco, and how Dee Hock invented the financial Internet long before the advent of the world wide web.

From magnetic tapes to microprocessors and tokenization: how cybercriminals try to steal bank card data and what technologies prevent them from doing it.

Russia is in the forefront of e-commerce: how Visa appeared back in the Soviet Union, and how it happened that Russia got ahead of almost everyone and took one of the leading positions in the global payments market.

Miles, cashbacks and points: how they work and who pays for them.

Five purchases with Visa will tell more about you than you think: the secrets of working with big data that predict almost everything – from weather to epidemics.

How we will pay: about the future of payments and digital currencies.

“Today it’s hard to believe, but just ten years ago it was impossible to pay with bank cards at the cash desks of one of the largest retailers in Russia. Now it seems impossible, because each of us takes out a card or phone to pay for purchases about 400 times a month, or takes out nothing, because we can already easily pay off without the help of plastic or a gadget – with just a face. We do this so often and casually that we do not always think that behind the scenes of any transaction there are many complex processes, thanks to which we can instantly pay for anything, anywhere, anytime,” the statement says.



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