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VISA launching ‘digital wallet’ for U.S. banks

Posted By admin On May 12, 2011 @ 7:28 am In Sci Tech | Comments Disabled

Reuters [1]
Thursday, May 12, 2011

NEW YORK (Reuters) – Visa Inc, the world’s largest credit and debit card processing network, is building a digital wallet that people can use to pay for things online or with their phones instead of with traditional cards.

The network said on Wednesday it is working with several large U.S. and international banks to develop the wallet. Its partners include US Bancorp, PNC Financial Services, Regions Financial, BB&T Corp, Toronto Dominion’s TD Bank and the U.S. arm of Barclays PLC.

The “digital wallet” will store the banks’ customers’ credit and debit card account information, both for Visa cards and other cards. People can use the wallet to pay for things online or in stores, Visa said.

The network will also have to convince merchants to put a new “one-click” button on their websites, so that potential customers can use their Visa digital wallets to buy things by clicking the button instead of by manually entering all of their account information every time they want to make an online purchase.

Full story here. [1]

VISA launching ‘digital wallet’ for U.S. banks aj150709banner1 [2]

Stock up with Fresh Food that lasts with eFoodsDirect (AD) [3]


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URL to article: http://www.prisonplanet.com/visa-launching-%e2%80%98digital-wallet%e2%80%99-for-u-s-banks.html

URLs in this post:

[1] Reuters: http://www.rawstory.com/rs/2011/05/12/visa-launching-digital-wallet-for-u-s-banks/

[2] Image: http://prisonplanet.tv/

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Will the next iPhone replace your wallet? Apple set to take on Google with chip that could let you pay with a wave of your handset: http://www.prisonplanet.com/will-the-next-iphone-replace-your-wallet-apple-set-to-take-on-google-with-chip-that-could-let-you-pay-with-a-wave-of-your-handset.html

[5] Banks Are Quietly Ramping Up Costs to Consumers: http://www.prisonplanet.com/banks-are-quietly-ramping-up-costs-to-consumers.html

[6] The Cashless Grid Is Here: Google Wallet Aims to Make Leather Wallet Obsolete: http://www.prisonplanet.com/the-cashless-grid-is-here-google-wallet-aims-to-make-leather-wallet-obsolete.html

[7] NJ Transit Ushers in Cashless Society with Google Wallet App for Smartphone Payment: http://www.prisonplanet.com/nj-transit-ushers-in-cashless-society-with-google-wallet-app-for-smartphone-payment.html

[8] US Banks May End Free Checking Accounts: Report: http://www.prisonplanet.com/us-banks-may-end-free-checking-accounts-report.html

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