While credit card companies and banks are trying to prevent fraud, their practice of not automatically approving purchases made far from a person's home can be frustrating for business travelers. Visa is coming to the rescue with Visa Mobile Location Confirmation, a mobile service that uses a smartphone's location technology to verify the credit card user's location.
Apple and Visa may be working on a mobile payment partnership that could involve the iPhone 6, judges Pacific Crest Securities in a research note.
Visa is refuting a report stating that Global Head of Mobile Product Bill Gajda is no longer with the financial services giant.
Visa Global Head of Mobile Product Bill Gajda has been dismissed as part of an executive shakeup spearheaded by first-year CEO Charles Scharf, NFC Times reports.
Visa announced that 90 U.S. banks, including Bank of America, PNC Bank, BBVA Compass and others, now support its V.me digital wallet service. That number is almost double the 50 that supported the offering in November. Further, Visa said that fully 253 merchants have agreed to support the company's V.me service, a number that includes 72 merchants signed on during the second quarter.
The greatest number of transactions the network has had to accommodate at once is 12,000, however, leaving plenty of extra capacity for innovation work.
Bill Gajda, Visa's global head of mobile since 2010, sat down with FMC's Sandhya Raman at last week's Mobile World Congress trade show to talk about these announcements and Visa's mobile strategy at large. The following is a lightly edited version of that conversation.
MasterCard and Visa took the opportunity of the Mobile World Congress to launch major mobile payment initiatives this week.
Visa's payWave application will come pre-installed on all next-generation Samsung phones, in a new partnership between the financial giant and the handset maker.
Visa is launching a mobile payments initiative to accelerate the migration from cash to digital commerce.