Visa Develops for Google Android

Visa plans to introduce a number of micro-payment and mobile banking offerings on the Android platform according to a recent press release…

Visa Inc. (NYSE:V) today announced plans to make mobile payment-related services broadly available to United States consumers by the end of the year. Central to this effort is Visa’s delivery of mobile applications for the AndroidTM platform, which will be available for download on Android-powered handsets and initially available to Chase Visa cardholders.

The first set of services that Visa is planning to develop for Android will allow Chase Visa cardholders to receive notifications to their mobile devices about transaction activity on their accounts; obtain offers from a wide array of merchants; and use the built-in location-based technology developed by Google to quickly map nearby merchants where they can redeem Visa offers and locate ATMs that accept Visa.

During an introductory period, Visa mobile services that will be developed for the Android platform will first be offered to Chase Visa account holders. Following this initial launch phase, Visa plans to work with additional card-issuing financial institutions to extend availability of its mobile services for Android to their Visa account holders. Visa is also developing a payment application that will enable consumers with Visa accounts to make mobile payments in retail locations nationwide, or while on the go, over wireless networks.