Visa and Allianz work together to develop mobile payment app

Visa and Allianz have teamed up to offer a new mobile payment and loyalty app called Allianz Prime – the “first of its kind” in the insurance industry.

According to Allianz, the app has built-in security from Visa, which replaces customers’ card information with a unique digital token that can be used to process payments without revealing the actual account details. Payments are then made with this unique token. In the event of a security risk or customer device …

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