Visa/Monitise in US mobile services launch

Visa has launched a suite of mobile services for US financial institutions.

Working with Monitise, it is offering account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real-time transaction alerts on their mobiles.

Teaming with Monitise, its lead mobile technology development partner, has enabled Visa to enhance its issuer processing platform, Visa DPS, to offer services which are fully managed by it and which can be accessed with any mobile device, any mobile channel, and with any eligible debit, credit or prepaid account. Additional services are currently in development including mobile check deposit, mobile (NFC) payments, mobile offers, and support for V.me by Visa, the company’s digital wallet.

“The services offered by Visa DPS are a one-stop solution for our clients who want to serve their customers through the mobile channel without making significant investments in hardware, software or mobile expertise,” says John Partridge, president, Visa Inc. “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 our extensive roadmap of mobile innovations – from mobile banking, to NFC payments, and to our digital wallet, V.me.”

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