AUSTRIACARD Receives World-First Visa 3.1 Approval

AUSTRIACARD HOLDINGS AG has achieved a significant milestone in payment technology by securing the first published Visa 3.1 approval for its smart card OS. This development allows the support of Visa 3.1 VIS and VCPS specifications, while simultaneously integrating Mastercard's ECOS standard, showcasing AUSTRIACARD's advanced capabilities in cryptographic technology.

The achievement positions AUSTRIACARD among a select group of global entities capable of providing the latest payment architectures. The platform's design enables it to meet both existing compliance demands and future cryptographic advancements, including post-quantum readiness. This opens opportunities for new issuer and fintech programs and enhances security deployments.

This advancement benefits banks and fintechs by offering a forward-looking payment platform that supports future transitions with enhanced security features. The financial industry sees this as a pivotal moment for collaboration with partners who ensure both current compliance and future readiness.