Visa to Develop Mobile Payment-Related Services for Android Platform

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 Android^TM platform, which will be available for download on Android-powered handsets and initially available to Chase Visa cardholders.

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. Read more on the Visa website: Visa.com