Visa said its V.me service will allow users to store their card details in their digital wallet, allowing them to make online and in-store payments from their phone using NFC technology.
Visa will offer the service through its banking partners and can be accessed from a PC, tablet or smartphone via a browser.
Additionally, WorldPay has been announced as Visa's key development partner in the delivery of the V.me service in the UK.
The service will also be compatible with non-Visa cards such as MasterCard, American Express and Discover.
In November 2011, Visa confirmed that they were offering an alternative payment service to other services on the market such as PayPal and Google Wallet.
The battle of the brands commences……
For jobs in the card and payment industry, go to http;//www.cardandpaymentjobs.com