The “digital wallet” will store the banks’ customers’ credit and debit card account information, both for Visa cards and other cards.
The world’s largest credit and debit card processing network, Visa Inc, is building a digital wallet that people can use to pay for things online or with their phones instead of with traditional cards.
Continue reading… “Visa Plans to Launch Digital Wallet for Banks in the U.S.”
Consumers would wave their phones instead of swiping credit cards at the checkout counter.
The cellphone has been more than a cellphone for years, but soon it could take on an entirely new role — standing in for all of the credit and debit cards crammed into wallets. Instead of swiping a plastic card at the checkout counter, consumers would merely wave their phones.
Visa customers will be able to send and receive funds.
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.
Continue reading… “Visa Unveils Person-to-Person Payments in the U.S.”
Reloadable prepaid debit cards represent one of the fastest-growing segments of the financial services industry.
Last year, Michael Abukhader’s 12-year-old son, Jacob, received a $30 NASCAR prepaid Visa card from an aunt who thought it would provide a convenient way to give him cash for birthdays and other events. But once Abukhader, who lives in Queen Creek, Ariz., reviewed the terms of the card, he closed the account.
Continue reading… “Consumers Beware – Reloadable Prepaid Debit Cards Loaded with Fees”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
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