Viewpoints

Visa’s Blog – Visa Viewpoints

PERSPECTIVES ON DIGITAL CURRENCY

Dec 7, 2010

DeviceFidelity

Visa Announces Commercial Availability of Mobile Contactless Payments

Following 18 months of technology development and successful pilot programs with leading financial institutions across the globe, Visa today announced the commercial availability of its mobile contactless payment solution. In what Bill Gajda, head of Visa Mobile, calls a “historic milestone,” issuers can now offer account holders the technology to transform their existing mobile phones into fully functional payment devices.

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Posted by: Elvira Swanson, Visa Corporate Relations on December 7, 2010 at 1:24 pm

Nov 16, 2010

Mobile Payments Present Endless Opportunities

In what is shaping up to be the Year of Mobile Payments, every week seems to bring new and exciting developments that highlight the convenience, speed and security of a global digital currency. Today’s announcement of Isis from AT&T, T-Mobile and Verizon Wireless, and yesterday’s announcement by Google’s Eric Schmidt showing off a payment-enabled mobile device at the annual Web 2.0 conference, validates Visa’s strategic direction for mobile payments. The announcements are a clear endorsement of what Visa has been advocating for years—that there is a significant global opportunity to deliver electronic payments and related services to the nearly 5 billion mobile devices worldwide. Visa’s open network enables 15,700 financial institutions and tens of millions of merchants around the globe to deliver payment services to consumers. We believe the open network  is well-positioned to support secure and globally interoperable mobile payments.

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Posted by: Elvira Swanson, Visa Corporate Relations on November 16, 2010 at 5:35 pm

Nov 16, 2010

U.S. Bank Visa Card Holders Wave to Pay

We have been showcasing our momentum around Visa Mobile lately, and today we are excited to announce that U.S. Bank is one of the first major card issuers in the U.S. to offer their customers contactless payments for the mobile phone. Visa card holders can simply wave their smart phones, including the iPhone and Blackberry, in front of a contactless payment terminal to pay.

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Posted by: Elvira Swanson, Visa Corporate Relations on November 16, 2010 at 3:04 pm

Nov 9, 2010

Just Wave and Go

This past weekend, Minneapolis Star Tribune reporter Chris Serres explored the mobile payment efforts of Minneapolis neighbor U.S. Bancorp, which, along with Bank of America, Wells Fargo & Co, and J.P. Morgan Chase, is racing to bring mobile payments to its customers’ fingertips.

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Posted by: Elvira Swanson, Visa Corporate Relations on November 9, 2010 at 5:37 pm

Oct 15, 2010

Update from Bill Gajda: Mobile and Visa’s Strategy

We’ve talked about mobile technology in the past, and you’ve seen it at work in transit systems in the New York metro area where commuters can pay fares with a mobile phone. But here’s the chance to listen to Bill Gajda, Visa’s head of mobile innovation, talk about the company’s strategy in this emerging field, which he predicts will “become the predominate channel for payments over the next 10 years.”

Bill came to Visa from GSMA, a telecom trade association, where he was Chief Commercial Officer. At Visa, Bill’s charge is to further advance Visa’s mobile strategy, working in collaboration with the wireless and financial services industries to bring mobile payments and related services to consumers around the globe.

Mobile payments are still a nascent development, but with more than 4.8 billion mobile phones worldwide, the opportunity is tremendous. And as Bill notes, it’s a big part of Visa’s future. The company is currently testing contactless payments methods in over 20 markets located in both developed and developing countries.  Our collaboration with DeviceFidelity— transforming a phone into a payment device—has already been introduced at high volume retailers, such as fast food, taxis, drug stores throughout New York and other metropolitan areas, where speed matters. Outside of the U.S., mobile phones are accessible in ways that a traditional payment infrastructure can’t reach. Visa is moving on all fronts—creating new mobile services, acquiring technologies and platforms, and working with leaders in wireless —to ensure that Visa’s network plays a vital role in bringing secure, reliable and globally interoperable mobile payments to consumers everywhere.

Learn more about Visa’s plans in the video below, and you’ll see that your cell phone may soon become your mobile wallet.

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Posted by: Elvira Swanson, Visa Corporate Relations on October 15, 2010 at 2:36 pm

Sep 21, 2010

Have Phone, Will Travel

A journey of a thousand miles now begins with a single wave.

Visa today announced partnerships with transit agencies in New York and New Jersey that will give commuters the ability to bypass the ticket window and pay for their fare with a mobile phone. This pilot program—which includes New York City Transit, NJ TRANSIT, and The Port Authority of New York and New Jersey—enables riders of mass transit systems to pay using Visa payWave-enabled credit, debit and prepaid cards and mobile phones.

The mobile technology, which was developed by DeviceFidelity, transforms smart phones with a microSD slot into a Visa payment device. This announcement is a giant step toward Visa’s goal of eliminating the time-consuming step of paying for a ticket at a separate fare machine or searching for cash, reducing riders’ hassle during their commute.

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Posted by: Elvira Swanson, Visa Corporate Relations on September 21, 2010 at 7:17 pm

Jun 9, 2010

Recent Developments in Mobile Payments

Innovations in mobile and payment technology continue to shape the future of money. Mobile contactless payments are gaining popularity across Japan, South Korea and Malaysia and other countries where merchants have upgraded their point of sale terminals to accept contactless payments. Meanwhile consumers in India, Peru and Brazil can already use mobile devices to pay bills, order pizza or pay a taxi fare, and families in the U.S, China and Guatemala are able to send money transfers more easily and safely than ever before.

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Posted by: Elvira Swanson, Visa Corporate Relations on June 9, 2010 at 3:54 pm