Image via WikipediaFrom the Editors of American Banker
Visa Inc. said it is prepared to confront alternative and mobile payments head on.
Notably, Visa has talked up its July purchase of CyberSource Corp. as giving it the tools to respond to the constantly evolving e-commerce and mobile payment space. It has also worked with DeviceFidelity Inc. to put Visa payment capabilities in mobile phones through a microSD data card that consumers can install themselves.
Visa discussed its plans during a conference call Wednesday to address its earnings for its fourth quarter, which ended Sept. 30. Its call came as PayPal unveiled multiple new initiatives this week to expand its own influence in mobile payments.
