A post relating to this item from Finextra:
24 February 2011 | 18054 views | 4
Visa has launched a new person-to-person payment service that lets consumers transfer funds in near real-time to other cards over the VisaNet network.
Let's see - Someone wants to send me some money. I give them my credit card number (I'll have to look it up, I won't remember a number that long). The funds arrive in my credit card account and I go to take them out in cash. Now I have to pay interest
on the cash withdrawal, until the amount is paid off, plus cash withdrawal fees!!
Sending funds to a credit card account (unless it is to settle a credit card bill) is not going to be popular...