Mobile services that allow banks issuing cards bearing its name allowing customers to monitor and manage their accounts using mobile devices has been started by Visa Incorporated (V). The services would include fund transfers between accounts and transaction alerts. Ultimately, mobile check deposits, payments and the company’s “digital wallet” is also going to be incorporated, according to the credit giant based in San Francisco, California.
CEO Joseph Saunders revealed these innovations at the time that Visa also reported a 16 percent growth profit for the first quarter ending December 31 during a call conference for investors. The mobile strategies are initially tested on a limited locality and are expected to be made available to the public this year.
Visa is trading at the all-time high and has recently surpassed the $113 mark. Based on the “reflection” pattern to the $96-$68 downward move that took place in 2010, the trend should take the Visa stock towards the $125 level.