Inside these posts: Digital payments

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Visa plans program to rival PayPal

Visa put out a news release Wednesday morning muddled with the usual financial jibberish: “Visa Moves Beyond the Point-of-Sale,” the headline read. But what Visa is proposing is a potential serious rival for PayPal.

Visa said it will soon allow people to send money to each other using Visa credit or debit cards or pre-paid accounts. So next time you need to pay the babysitter, the checkbook can stay in your wallet. Get the full story »