You can soon use Visa to pay individuals; fees set by banks

Visa on Wednesday said it is creating a service to allow individuals to use their own Visa card or a bank account to send money to a personal Visa debit, credit or prepaid card. Users also may bring cash to a participating bank to make a transfer.

Users also will be able to send money using a recipient's mobile phone number or e-mail address. In those cases, recipients will receive a message that someone is sending them money and will enter their own Visa account number to receive it.