|Visa Introduces Suite of Mobile Services for U.S. Financial Institutions|
Posted: 09-Feb-2012 [Source: Visa]
[Visa announces launch of mobile services giving financial institutions the ability to offer customers enhanced services on their mobile devices fully managed by Visa..]
San Francisco -- Visa Inc. (NYSE:V - News) today announced the launch of mobile services that allow 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 (LSE: MONI.L - News), Visa made a significant enhancement to its issuer processing platform, Visa DPS, to offer mobile services that are fully managed by Visa and 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, more 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,” said 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 U.S., 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.
Lisa Stanton, General Manager for Monitise North America commented: “Mobile money innovation is transforming how consumers manage accounts, providing them with real-time account access and information on the go, while also enhancing the overall experience with their account. The launch of mobile services offered by Visa DPS is a great win for financial institutions in North America eager to utilize the mobile channel to serve their customers.”
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