Visa

Visa set to offer person-to-person payments in the US

Visa set to offer person-to-person payments in the US

I bet that most of the people out there are like me where you rarely have cash and tend to use your debit card or credit card to pay for everything. The catch with that is if you need to pay an individual for something you need cash to do it a lot of the time. Visa has announced that a new system is coming to the US that will allow individuals to directly pay another Visa account holder at the point of sale. It sounds a lot like PayPal to me.

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Visa In2Pay iPhone contactless payment system unveiled

Visa In2Pay iPhone contactless payment system unveiled

Visa and DeviceFidelity have announced [pdf link] their contactless iPhone payment system, In2Pay, consisting of a special case for the Apple smartphone and a microSD card that contains a Near Field Communications (NFC) chip.  The case itself has a microSD slot that's interfaced with the iPhone's dock connector; when paired with the In2Pay Visa app from the App Store, you can tap your iPhone to make payments in participating retailers.

Video demo after the cut

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Contactless mobile payment system trialed at MWC 2010

Contactless mobile payment system trialed at MWC 2010

The idea of contactless payments using your mobile phone is very appealing. The payment system would let you walk into a store and hold you phone near a payment terminal rather than reaching for your wallet or credit card. Samsung, Telefonica, and Visa are working with several other companies at MWC to offer visitors a trial of mobile contactless payments.

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