Hans talked about few interesting products and services Visa is working on:
- Near Field Communications (NFC) - payments on cell phones
Visa is working with Nokia to leverage this technology for payments using mobile phones
- Account alerts, offers, etc for various events - charges, etc. The main goal being to reduce fraud and to enhance the relationship with the customer.
- Card to card money transfer, Prepaids
These features are gaining significant interest, especially in the emerging markets. There is only 3% card penetration in countries like India. Visa expects most of the growth over the next several years to come from these markets.
- Visa business network on facebook
Trying to build a community of small business customers to learn from each other on Facebook.