Visa Inc. now allows financial institutions to offer their account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real-time transaction alerts on their mobile devices.

Working in collaboration with Monitise, Visa enhanced its issuer processing platform, Visa DPS, to offer mobile services that can be accessed with any mobile device, any mobile channel, and with any eligible debit, credit or prepaid account.

Additional services are currently in development including mobile check deposit, mobile (NFC) payments, mobile offers, and support for V.me by Visa, Visa's digital wallet service.

Enabling mobile services through the Visa DPS platform directly aligns with Visa's global innovation strategy to accelerate the global shift to electronic payments, to make payments more secure and convenient, and to bring electronic payments to more consumers in more places.

"The services offered by Visa DPS are a one-stop solution for Visa clients who want to serve their customers through the mobile channel without making significant investments in hardware, software, or mobile expertise," says John Partridge, president, Visa Inc. "Through our ongoing investments in Visa DPS, our clients can not only take advantage of Visa's scale and expertise in payments processing, but also have the opportunity to easily implement Visa's extensive roadmap of mobile innovations—from mobile banking, to NFC payments, and to our digital wallet, V.me."

In developed countries like the United States, with an established electronic payments infrastructure, expansive internet usage and broad mobile network penetration, Visa's strategy is to enhance the consumer purchase experience by making mobile payments and services broadly available.

http://corporate.visa.com/media-center/press-releases/press1176.jsp

 

 

[This article was posted on February 22, 2012, on the website of ABA Banking Journal, www.ababj.com.]

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