Visa rolls out mobile banking solutions for financial institutions in the US

Visa launches mobile payment suite in US

Visa, in collaboration with UK based m-banking solution provider Monitise, is launching a suite of mobile solutions for US financial institutions, enabling them to offer account holders the ability to check account balance and history, transfer funds and receive transaction alerts on their mobile phone. The new solutions are the result of enhancements made to Visa DPS, Visa’s issuer processing platform, enabling banks to access Visa managed mobile services that are compatible with all mobile devices, on any operating system, with any eligible debit, credit or prepaid account. The card giant is also looking to develop further mobile services including mobile check deposit, NFC mobile payments, mobile offers and support for – Visa’s digital wallet service. The new launch is part of Visa’s long term innovation strategy to make electronic payments more convenient, secure and accessible. Visa President, John Patridge, summarises the new services “as a one-stop solution for clients who want to serve their customers through the mobile channel without making significant investments in hardware, software or mobile expertise.”

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