Monday, July 23, 2007
04:58 PM Texas Time
e-Activity Advances
Mortgage technology activity
Wells Fargo & Co. teamed up with Visa USA to launch an extensive mobile pilot to test consumer mobile payments and services, including secure, over-the-air delivery of payment account information to the mobile device; mobile payments in stores and restaurants accepting Visa payWave technology; receiving and redeeming mobile coupons; and account management services.
The pilot has three phases to determine how consumers will use mobile payment and service options on mobile devices equipped with Near Field Communication technology.
Meanwhile, Verification Bureau launched a new electronic solution allows mortgage bankers to validate a borrower's employment, phone, address and employer tax ID number within 24 hours.
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