Visa is planning to roll out dual-mode chips in its infrastructure in an effort to step up mobile payment adoption. Meanwhile, it's deploying a mix of carrots and sticks to get merchants on board.
Specifically, Visa is aiming to prepare payment infrastructure for NFC (near-field communication) mobile payments. Google has pushed NFC payments, and other mobile phone players are aiming to turn your smartphone into a wallet. Visa will support EMV and NFC. EMV, which stands for Europay, MasterCard, and Visa, is a global standard for credit and debit payment cards. EMV has been popular abroad, but lags in … Read more