Visa unveils mobile services for U.S. financial institutions

By Telecom
Lead Team: Visa has launched mobile services aimed at U.S. 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 made enhancements 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.

Visa is
looking at new developments including mobile check deposit, mobile (NFC)
payments, mobile offers, and support for by Visa, Visa’s digital wallet

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.

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,,” said
John Partridge, president, Visa.

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.

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,” said Lisa
Stanton, general manager for Monitise North America.

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