It's too soon to tell whether a new button would replace Visa Checkout and Masterpass as brands. It's also unclear why consumers would choose another new payment option over the many options available today — such as PayPal.
Visa Inc. has partnered with Dallas-based Active Network, whose customers organize activities and events, to make Visa Checkout available as a payment option at events in the U.S., Canada, Ireland and the U.K.
Walmart still has no Near Field Communication technology to support mobile payments in its 4,000-plus U.S. stores, but it’s added Visa Checkout as an e-commerce option, joining many new merchants that now support Visa’s streamlined checkout process.
By making tokenization available on each other's digital wallets, Visa and Mastercard are addressing the security concerns of merchants who are happy to accept both brands but nervous about how their wallets can be misused.