Visa and Intel Form Strategic Alliance to Advance Mobile Commerce

Visa Inc. (NYSE:V) and Intel Corporation announced a strategic agreement to develop mobile commerce solutions tailored to consumers in developed and developing countries. During a press conference at Mobile World Congress in Barcelona, the companies outlined plans to collaborate to ensure consumers enjoy a consistent, streamlined, secure mobile commerce experience across Intel® Atom™ processor-based smartphones and tablets.

“Visa’s agreement with Intel paves the way for financial institutions around the globe to offer their account holders mobile payments and financial services using innovative mobile devices and technologies designed by Intel,” said John Partridge, President, Visa Inc. during the press conference. “This is another example of how Visa is making mobile payments broadly available across devices and operating systems and is ensuring that mobile commerce applications are aligned with existing technology and security standards established by the global payments industry.”


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