A consumer software subsidiary of H&R Block has become the latest to enter into a home-banking alliance with Visa International. Block Financial Corp., best known as the provider of the "Managing Your Money" software product, has signed a letter of intent to contribute a PC-based finance package to Visa's r, emote banking program.
The Block software should be available in the first half of 1995, said Visa Interactive, the card association's home services unit. The announcement marked the first major expansion of Visa Interactive's service menu. It came less than two months after Visa took over the home-banking and bill payment business of Herndon, Va.-based U.S. Order. Those operations became the foundation of Visa Interactive. U.S. Order's transaction processing approach, built around a telephone with a computerized screen called PhonePlus, is expected to be Visa members' principal means of entry into home banking.