Sunday, June 26, 2016

Electronic Transactions @ Rio Olympics 2016

          The preparations for Rio Olympics 2016 are in the last stage. Last minute fine-tuning is being done for a memorable experience for all the Participants.

          Participants at Rio Olympics 2016 are Athletes, Sports Officials, Support Staff, Volunteers, Spectator Guides, Tourists etc.

          The Games open on 5th August 2016 and go on till 21st 2016.

          The games are spread over 37 venues, with 206 participating countries in 42 Sports Disciplines further divided into 306 events.

          Rio de Janeiro has 32 venues, plus five football co-host cities: Belo Horizonte, Brasília, Manaus, Salvador and São Paulo.

          Millions of financial transactions take place during the run-up to the Games and also during the games.

          The Olympics are the planet’s most prestigious and most viewed games. Countries from diverse cultures participate in the games.

          The Olympic Games offer wonderful opportunities for promoting Safe ePayment techniques.  Innovative payment technologies too can be rolled out, but on a limited scale. This is to minimise damages if any, due to failure of the innovations.

          VISA is the official Card Sponsor for Olympics since 1986. Visa is the only card accepted at the Rio 2016 Olympic and Paralympic Games venues and for any official Rio 2016 related transaction.

          To help fans attending the Olympic Games, Visa has released a series of recommended travel tips, directing cardholders to:

  • Notify their issuing bank or financial institution of potential travel plans, including the fact that they will be using Visa debit, credit or prepaid cards abroad to avoid any issues while traveling. Issuing banks can also provide information about travel-related benefits for Visa account holders.

  • Register for SMS notification with their specific bank, or bank’s transaction notification service, allowing travellers to track transactions on their Visa accounts.

  • Opt-in for services, such as Mobile Location Confirmation via the issuer’s banking app or Visa’s Travel Authorization Tag.

  • Set up automatic bill pay for their credit cards for peace-of-mind while traveling abroad.

  • Consider paying via a chip-activated terminal with a credit or debit card upgraded with chip technology for enhanced security.

  • Look for the Visa or PLUS logo at point-of-sale to ensure international payment cards are accepted.