Visa Inc. (NYSE:V) is one of Motley Fool’s high-growth stock picks. On March 26, Visa Inc. (NYSE:V) moved to make it easier for banking customers to track, switch, and cancel recurring payments within their bank’s mobile applications.
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Enhanced Subscription Manager is the new service integrated in the company’s Digital Issuer Solutions platform that allows customers to track recurring charges in their mobile application. The company has partnered with Pinwheel to offer the consolidated, easy-to-integrate solution that gives consumers greater confidence and control over recurring subscription payments.
The collaboration with Pinwheel will enable issuers to embed card switching and subscription cancellation for 100 major merchants. The service will also work across payment networks, making it easier to cancel subscriptions or switch payments from any card to a Visa.
At start, Enhanced Subscription Manager will be available to North American Issuers in the summer with plans to expand to Latin America and the Caribbean.
Visa Inc. (NYSE:V) is a global payments technology company that facilitates electronic funds transfers through its proprietary network, VisaNet. It connects consumers, merchants, and financial institutions across more than 200 countries.
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