Saturday, May 23, 2009

@TiECON: Hans Morris, Visa Inc
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.

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