Visa has introduced the Visa Digital Commerce App, an issuer-branded mobile commerce product that enables financial institutions to offer their own mobile app to customers. Card management features in the app can help an FI to expand and strengthen its Visa credit, debit and prepaid card offerings, according to a company press release.
Through the mobile app, issuers can offer services such as real-time account balance information, card controls, alerts that inform account holders about recent transactions or fraud concerns, and token services that are intended to bring greater security to contactless payments on NFC-enabled Android smartphones.
For more on this story visit the following link: Visa to help banks break into mobile payments
Source: Mobile Payments Today