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Visa To Offer Person-To-Person Payments

Posted by Soulskill on from the time-for-paypal-to-invest-in-some-accountability dept.

angry tapir writes "Visa has announced it is planning a new service that will let US customers send money directly to one another, presenting new competition to PayPal. Visa already lets people send money to Visa accounts in many other countries, but this will be the first time it will offer the service in the US."

1 of 187 comments (clear)

  1. Why did it take so long? by Just_Say_Duhhh · · Score: 5, Insightful

    Paypal mapped it out years ago. The fact that Visa (and AmEx, Discover, etc) haven't been all over this idea by now makes me wonder if they're even paying attention.

    I, for one, welcome competition amongst our financial overlords

    --
    I need trepanation like I need a hole in the head.