More banks to offer cloud-based mobile payments with Visa

139

Visa Inc. Thursday announced it has partnered with several leading financial institutions worldwide to offer new host card emulation-supported mobile payment services.

BBVA and Cuscal launched new issuer-branded mobile payment applications for mobile devices that run on the Android operating system. Additionally Banco do Brasil, PNC Bank N.A. and U.S. Bank intend to launch similar capabilities in the near future, according to a press release.

To use these new mobile payment services, consumers download their financial institution’s mobile payment app from the Google Play store. Then, following a one-time enrollment process, customers of participating financial institutions will be able to pay in-store with their Visa account by waving their Android mobile phone in front of a contactless reader. These capabilities are part of Visa Digital Solutions, a comprehensive suite of offerings that facilitates secure payments across a broad range of Internet-connected devices and wearables.

“2015 is the year in which fast and safe mobile payments based on Visa technology will proliferate across the world,” said Sam Shrauger, senior vice president of digital solutions at Visa. “We are very proud that Visa’s Digital Solution is now accessible to the broader market to be used across multiple devices and form factors — enabling secure, fast and engaging commerce experiences in any environment.”