Visa working on payment applications for Android

Posted on Tuesday, September 30, 2008 by Bryan Johnson

Last month Visa announced that they are moving to alert customers of suspected credit card fraud via mobile phone. This week they announced more ambitious plans to build online payment applications with Nokia for Google’s Android.

The goal is to allow users to make remote and contactless payments as well as transfer money. Remote payments should be marked user convenience and transferring money is a big move for Visa into a space they've not been before. The biggest barrier to contactless payments will be the required point of sale upgrades to allow for Near-Field Communications (NFC) where users just wave their phone a few inches from the device.