Visa Teams Up With BEA Systems to Launch Payment System

Share this article:
Visa U.S.A yesterday launched a new payment processing system labeled Visa Direct Exchange, which will enable the company to accept and process credit card and debit card payments performed on the Internet and via wireless devices.


The company said it made the move in order to accommodate consumers' desires for alternative means of payment. The system was developed in cooperation with BEA Systems Inc., San Jose, CA, an e-business software manufacturer.


The company said Visa Direct Exchange is designed to process more that $1 trillion in payments annually and by 2001 will be able to accommodate 10,000 transactions per second.


Visa Direct Exchange is being rolled out to Visa U.S.A's 14,000 member banks. The U.S. rollout will continue until 2002 and is expected to be followed by international rollout of the system.
Share this article:
close

Next Article in Opinions

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Opinions

The Challenge of Changeable Customers

The Challenge of Changeable Customers

When it comes to behavioral targeting, I'm never surprised by the ads I'm served on my personal Mac.

Spoiled for Choice: Answers

Spoiled for Choice: Answers

Sterling Worldwide is hiring a new VP of sales and marketing. Should the CRM expert or the data person get the job? See what our readers has to say.

Peering Into the Marketing Future

Peering Into the Marketing Future

You've heard it many times before: The only constant is change. Not really. Sometimes, the only constant is stubborn resistance. This year we'll see a mix of both.