"Mobile payments continue to intrigue Visa International. In its latest move, the company is making a strategic investment in mFormation and has forged a strategic alliance with the mobile device management (MDM) solutions provider.
The companies plan to work together to advance over-the-air (OTA) solutions for mobile payments. Specifically, the duo plans to develop OTA delivery and management solutions for mobile payment applications.
Pilot trials to test these newly developed capabilities are expected as early as 2007, according to the companies."
