Near Field Communications Handsets and Tags, NFC Pilots and Projects

Visa's mobile banking suite leaves room for NFC

Thursday, February 9, 2012

Visa, in partnership with Monitise, has launched a suite of new mobile financial services on its revamped Debit Processing Service platform, enabling mobile phone users to check their account history and balances, transfer funds between accounts, and receive real-time transaction alerts.

Visa says it will soon expand the services to include NFC-enabled mobile payments, as well as bring in support for mobile offers, check deposits, and V.me – Visa’s digital wallet service.


All services are are fully managed by Visa and can be accessed with any mobile device, any mobile channel, and with any eligible debit, credit or prepaid account.

According to Visa, the Debit Processing Service launch is part of the company’s greater mission to make mobile payments “broadly available” in the U.S. and in other developed countries, while expanding electronic payments across the globe. [end] 

The Canadian Imperial Bank of Commerce (CIBC) and mobile operator Rogers Communications are partnering to launch Canada’s first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the point-of-sale using NFC-enabled smart phones.

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South Africa’s First National Bank (FNB) has added a new feature to its mobile app that enables users to make peer-to-peer payments via GPS technology.

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Samsung and Visa are providing their sponsored athletes and trialists at the London 2012 Olympic Games with special edition Samsung Galaxy S III handsets equipped with Visa’s payWave NFC payments application.

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Denizbank, a private bank with 588 branches in Turkey, has joined Turkcell’s Cep-T Cuzdan platform, enabling its customers to make contactless payments with their NFC-enabled handsets.

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