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Visa sets remote banking software

Published on .

Visa International's Visa Interactive, Herndon, Va., announced on Monday plans to release remote-banking software enabling financial institutions to brand and market their own financial applications to consumers. Both Deposit Guaranty National Bank of Jackson, Miss., and Zions First National Bank, Salt Lake City, Utah, will be the first U.S. users of these services. Additional banking institutions are slated to roll out member-branded software later in 1995 and early 1996.

The software, designed for technology-shy consumers, is built on a Windows-based PC program. Fees for use and services are determined by participating banks, which also name and market the product for their customers.

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