I got this in today's mail from a service I use to keep me up-to-date on Ebay/Amazon seller stuff. I thought it might be of interest and use to some here.
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Visa announced a new person-to-person payments service that will allow U.S. consumers to receive and send funds to any eligible Visa credit, debit or prepaid account, anywhere in the world. Visa personal payments are already offered by financial institutions outside the U.S. with more than 70 programs around the world enabling consumers to send funds to Visa accounts.
The new service was made possible through technical enhancements to VisaNet, Visa's global payments processing network, and through the introduction of a new Visa transaction type that allows financial institutions to accept incoming funds.
Visa is working with CashEdge and Fiserv, providers of electronic person-to-person payment, account transfer and bill payment services to U.S. financial institutions. Through the agreements, CashEdge and Fiserv will have access to VisaNet, enabling them to integrate the Visa personal payment service into their respective person-to-person platforms - Popmoney and ZashPay. This will allow a participating bank's customers to send money directly to a Visa account.
How it Works
Bank customers of participating financial institutions will have the option to select a Visa account as the destination for funds when making a personal payment. By simply entering the recipient's 16-digit Visa account, email address or mobile phone number, consumers can send funds directly from their bank account to a recipient's Visa account.
The first U.S. financial institutions are expected to make Visa personal payments available to their customers through CashEdge and Fiserv by the second half of 2011.
http://www.auctionbytes.com/cab/abn/y11/m03/i21/s02
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Visa announced a new person-to-person payments service that will allow U.S. consumers to receive and send funds to any eligible Visa credit, debit or prepaid account, anywhere in the world. Visa personal payments are already offered by financial institutions outside the U.S. with more than 70 programs around the world enabling consumers to send funds to Visa accounts.
The new service was made possible through technical enhancements to VisaNet, Visa's global payments processing network, and through the introduction of a new Visa transaction type that allows financial institutions to accept incoming funds.
Visa is working with CashEdge and Fiserv, providers of electronic person-to-person payment, account transfer and bill payment services to U.S. financial institutions. Through the agreements, CashEdge and Fiserv will have access to VisaNet, enabling them to integrate the Visa personal payment service into their respective person-to-person platforms - Popmoney and ZashPay. This will allow a participating bank's customers to send money directly to a Visa account.
How it Works
Bank customers of participating financial institutions will have the option to select a Visa account as the destination for funds when making a personal payment. By simply entering the recipient's 16-digit Visa account, email address or mobile phone number, consumers can send funds directly from their bank account to a recipient's Visa account.
The first U.S. financial institutions are expected to make Visa personal payments available to their customers through CashEdge and Fiserv by the second half of 2011.
http://www.auctionbytes.com/cab/abn/y11/m03/i21/s02
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