Moving Beyond Plastic, Visa Announces Digital Wallet Launch

Wednesday, May 11, 2011 21:36
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Moving Beyond Plastic, Visa Announces Digital Wallet Launch

Tags: phones | privacy; security

Visa announced the launch of a next-generation digital wallet service to streamline electronic payments online, on a mobile phone, or offline at the point-of-sale. This is a big deal.

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The platform allows consumers to create a digitized version of their actual wallet, in which they load all their cards, whether Visa or not.

 

This next generation system also uses near-field communications to let consumers swipe their phones at store terminals to make payments.

 

Say goodbye to your leather wallet.

 

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