Visa Attempts to Streamline Mobile Online Purchases
Visa today announced Visa Checkout, a service that speeds up the process of buying items on the web, especially from mobile devices. Using Visa Checkout, a user simply enters a Visa username and password, replacing the longer process of entering payment, shipping, billing, and contact information. Users must first create a Visa Checkout account with Visa. When purchasing online, users will see a Visa Checkout button on the shopping cart page.
Visa to Use Phone Location to Verify Card Purchases
Visa says it is offering banks a new smartphone-based tool that will cut down on the number of declined transactions when people use their credit cards abroad. The service, called Mobile Location Confirmation, is opt-in and uses phone location to verify the cardholder's presence at or near the point of sale.
Visa to Put a Credit Card in Everything
Visa today announced Visa Cloud Payment Solutions, a tool that device makers can use to add mobile payments capabilities to their hardware. Visa claims the Cloud Payment Solution will reduce fraud because it replaces the standard 16-digit credit card number with a digital token.
Facebook's Messenger Payment Service Now Widely Available
Facebook today said its Messenger-based, peer-to-peer mobile payment service is now available to everyone across the U.S. It was initially tested in New York City earlier this year.
Facebook Rings Up Peer-to-Peer Payments In Messenger
Facebook today introduced a way for people to send money to one another through its Messenger application. Users will need to add a Visa or MasterCard debit to their Facebook account, after which they'll be able to send money to friends or family.