Phones Visa digital Wallet

Just last March 2011, Visa and Australia and New Zealand (ANZ) Banking Group has put into trial a contactless payment system that allows Apple iPhones and Google Android devices to be used like the payWave contactless cards.
Visa payWave is acontactless paymenttechnology feature that enables cardholders to wave their card in front of secure contact-less payment terminals or readers without the hassle of physically swiping or inserting the card into a point-of-sale device.
Visa payWave technology lessens the dependency on cash and the need to withdraw money from ATMs so often. It can also potentially shorten queuing time and enables cardholder to have full control of the transaction, as the Visa payWave card never leaves the cardholders hands.
Visa payWave contactless technology offers users the opportunity to pay using a number of innovative forms of payments like mobile phones, i.e. iPhones and other personal devices that are suitable to the Visa payWave users lifestyle.
Otherwise, Visa Inc., a worldwide leader in electronic payments, has recently announced that it will launch its next generation payments solutions: the new digital wallet. It supports NFC (Near Field Communication) payments through the innovative Visa payWave application.
Visas new digital wallet is a software application that will be installed on your computer and smartphone and will be linked digitally to all your online money accounts (bank accounts and credit accounts) and thus, allowing you to pay online just by entering your personal username and password to log into a Visa application on your smartphone. i.e. iPhone.
Visas new digital wallet will duplicate the ease, dependability and security of Visa point-of-sale payments. It will also include a secure cross-channel digital wallet and an array of tailored mobile payments services that deal with the specific requirements of markets around the world.
The key features of Visas new digital wallet will include:
Click-to-buy Functionality
Users can shop easily and securely just by entering an email address, alias or online ID and password rather than entering their billing address, account number and expiration date.
Cross-channel payments solution
Visas new digital wallet will combine all multiple Visa and non-Visa payments accounts and can be utilized in mobile, eCommerce, social network and retail point-of-sale environments.
Preference management:
Visas new digital wallet has menu that will allow consumers to set preferences in which you can set your preferred default payment method. It will also enable the users to customize and control the personal wallets features from its privacy settings to the designation of the account that can be accessed based on merchant type or purchase amount.
Merchant offers service
This feature will enable users to personalize their shopping experience for they can choose to receive money-saving discounts or promotions from participating merchants.
Currently, Visa and MasterCard credit and debit cards with contactless payment technology are being issued by most Australian banks while an increasing number of Australian merchants are getting contactless card readers too.
So for those people planning to get visas to Australia or have visa from Australia, it is now the time to be informed on how this contactless technology really works for in the near future visas for Australia application fees might be paid through this technology.