7526 0 3 econsultancy_xml <p>Wells Fargo will first use its own staff to test the innovation, before deciding whether the platform can be rolled out to its customers.</p> <p>If staff tests, which will begin in the autumn, are successful, the bank will offer the payments method to 300 to 500 of its bankers.</p> <p>Visa and Mastercard have been leading the way in mobile payments solutions, with Visa particularly interested in the potential for citizens in developing nations to send and receive money wirelessly.</p> <p>People in Africa could receive money from relatives working in London direct to the phone, for example, Visa says, saving days on paper-based transactions.</p> <p>Visa also <a href="/blog/1012-visa-invests-in-dotmobi">invested</a> an undisclosed amount in the Dublin-based dotMobi domain name registrar in April.</p> <p>But few retailers and few phones are yet equipped with the technology to make mobile point-of-purchase payments popular - according to Visa, just 32,000 of the 5m American stores that accept its cards.</p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph>Wells Fargo will first use its own staff to test the innovation, before deciding whether the platform can be rolled out to its customers.</Paragraph> <Paragraph>If staff tests, which will begin in the autumn, are successful, the bank will offer the payments method to 300 to 500 of its bankers.</Paragraph> <Paragraph>Visa and Mastercard have been leading the way in mobile payments solutions, with Visa particularly interested in the potential for citizens in developing nations to send and receive money wirelessly.</Paragraph> <Paragraph>People in Africa could receive money from relatives working in London direct to the phone, for example, Visa says, saving days on paper-based transactions.</Paragraph> <Paragraph>Visa also <Link URL="/blog/1012-visa-invests-in-dotmobi" Window="New">invested</Link> an undisclosed amount in the Dublin-based dotMobi domain name registrar in April.</Paragraph> <Paragraph>But few retailers and few phones are yet equipped with the technology to make mobile point-of-purchase payments popular - according to Visa, just 32,000 of the 5m American stores that accept its cards.</Paragraph> </FormattedContent> 2007-06-28T09:34:00+01:00 0 1 econsultancy_xml <p> <strong>US bank <a href="http://www.wellsfargo.com">Wells Fargo</a> is to begin testing Visa's mobile payments system with 50 of its own employees.</strong> </p> <p>Introduced earlier this year, the system allows customers to buy goods using mobiles equipped with special chips that can be swiped over retail scanners.</p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis>US bank <Link URL="http://www.wellsfargo.com" Window="New">Wells Fargo</Link> is to begin testing Visa's mobile payments system with 50 of its own employees.</Emphasis> </Paragraph> <Paragraph>Introduced earlier this year, the system allows customers to buy goods using mobiles equipped with special chips that can be swiped over retail scanners.</Paragraph> </FormattedContent> false 1424 <p>Econsultancy has published a <strong><a href="http://econsultancy.com/reports/mobile-marketing-buyers-guide">Mobile Marketing Buyer's Guide</a></strong> which is aimed at those who are investigating the market for mobile marketing platforms, with profiles of 14 leading suppliers and an analysis of market trends. See also our <strong><a href="http://econsultancy.com/reports/mobile-statistics">Mobile Statistics Compendium</a></strong> for data, facts and charts relating to mobile.</p> <p>Econsultancy has published a <strong><a href="http://econsultancy.com/reports/mobile-marketing-buyers-guide">Mobile Marketing Buyer's Guide</a></strong> which is aimed at those who are investigating the market for mobile marketing platforms, with profiles of 14 leading suppliers and an analysis of market trends. See also our <strong><a href="http://econsultancy.com/reports/mobile-statistics">Mobile Statistics Compendium</a></strong> for data, facts and charts relating to mobile.</p> 363676 Bank tests mobile Visa payments false 2007-06-28T09:52:00+01:00 bank-tests-mobile-visa-payments 2009-04-28T22:52:49+01:00 2009-10-13T09:09:33+01:00 455