By Mashable
Visa announced Wednesday a personal payments service that will allow U.S. customers to send and receive funds to any eligible Visa credit, debit or prepaid account anywhere in the world. The company also announced a partnership with person-to-person payment providers CashEdge and Fiserv, which will integrate their platforms (Popmoney and ZashPay) with VisaNet. 1
This new personal payments service was made possible by "technical enhancements" to Visa's global payment processing network, and the creation of a new transaction type. 2
Consumers will have the option to send personal payments from a bank to a Visa account by simply entering a recipient's 16-digit Visa account, email address or mobile phone number. 3
Visa has long been a power at processing of point-of-sale transactions, but is now turning its eyes to the growing market for person-to-person payments.
Visa announced Wednesday a personal payments service that will allow U.S. customers to send and receive funds to any eligible Visa credit, debit or prepaid account anywhere in the world. The company also announced a partnership with person-to-person payment providers CashEdge and Fiserv, which will integrate their platforms (Popmoney and ZashPay) with VisaNet. 1
This new personal payments service was made possible by "technical enhancements" to Visa's global payment processing network, and the creation of a new transaction type. 2
Consumers will have the option to send personal payments from a bank to a Visa account by simply entering a recipient's 16-digit Visa account, email address or mobile phone number. 3
Visa has long been a power at processing of point-of-sale transactions, but is now turning its eyes to the growing market for person-to-person payments.
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