CIO Sessions: Visa's Michael Dreyer

Michael Dreyer, CIO of Visa talks to ZDNet correspondent Sumi Das about developing transaction technologies for its financial payment network including new wallet-less and contact-less payment solutions. Dreyer also discusses what it takes to process and handle more than 300 million transactions on a daily basis, and the company’s response to the recent credit crisis rippling through the global economy.

Interview highlights:

• Handling holiday peak periods
• Moving quickly with tap-and-go technology
• Authorizing and clearing transactions