Visa Announces P2P Payment Service for U.S. Customers

visa150.jpgCredit card giant Visa announced a new peer-to-peer payment service today that will soon give its U.S. customers the ability to receive and send money from their Visa accounts. The new personal payments service moves Visa’s focus away from being just a handler for point-of-sale transactions and takes aim at an area that has long been dominated by PayPal.

Visa’s announcement includes a partnership with CashEdge and Fiserv, two person-to-person financial transactions companies, which will now have access to VisaNet, the company’s payment processing network.

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