Visa International's announcement that it plans to offer members a computer-generated branch may have raised the ante yet again for bank competition over the Internet.

The card association on Wednesday entered into a partnership with Worlds Inc., a small San Francisco-based software firm, for a system to allow banks to put "virtual branches" on interactive computer networks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.