Visa to Offer Person-to-person Payments (to compete with PayPal)

It's an odd day when a market sector is so messed up that it seems like a good thing that a credit card company is entering it. I hope their entry somehow improves the behavior of both companies.<p>(Although I note it seems it will be US only for the moment.)

Any viable competitor to the Paypal tyranny would be quite welcome. Competition is a good thing.

Also covered here: <a href="http://mashable.com/2011/03/16/visa-personal-payments/" rel="nofollow">http://mashable.com/2011/03/16/visa-personal-payments/</a><p>"...to send and receive funds to any eligible Visa credit, debit or prepaid account anywhere in the world."

As long as Paypal has some serious competition ... I'm happy.<p>Maybe now they'll treat customers with a little bit of respect.

Does this mean I'd have to give someone my credit card number to have them pay me? Or would they have a separate deposit-only account identifier?

Assuming the fees are reasonable and competitive, I will definitely use and recommend this, thanks for taking the risk Visa.<p>Now Google, when are you going to step up to the plate?

This seems about ten years too late.