Visa announces PayPal-like payment service

Discussion in 'Wall St. News' started by bearice, Mar 19, 2011.

Is Paypal in serious trouble?

  1. Yes

    4 vote(s)
  2. No

    0 vote(s)
  1. Credit card giant Visa has announced a new payment service for U.S. consumers set to launch in the second half of 2011. The new offering closely mimics services offered by PayPal, allowing users with a Visa-branded credit, debit, or pre-paid account to transfer money amongst each other. “Consumers in the U.S. will soon be able to receive and send funds to any eligible Visa credit, debit or prepaid account, anywhere in the world,” reads the press release.