The joint Visa – Monitise services enable US FIs to provide their account holders with services including monitoring account history and balances, transferring funds between accounts and receiving transaction alerts on their mobile devices.
Visa’s issuer processing platform dubbed Visa DPS is set to provide mobile services that are managed by Visa and can be accessed through mobile devices and mobile channels as well as through eligible debit, credit or prepaid accounts. Additional services are currently in development including mobile check deposit, mobile (NFC) payments, mobile offers and support for V.me by Visa, Visas digital wallet service.
In June 2011, Visa signed a commercial agreement with Monitise to expand delivery of mobile financial services to banked Visa account holders in conjunction with Visa’s financial institution partners.
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