SAN JOSE, Calif. - Visa U.S.A. has built its new payment processing system, Visa DirectExchange, on BEA Systems Inc.'s Tuxedo transaction server.

Visa DirectExchange, which is being connected to Visa U.S.A. member banks, will be the world's largest private financial payments network and the foundation for Visa U.S.A.'s future payment systems, the company says. In addition to processing all U.S.-issued Visa credit and debit card payments, DirectExchange will facilitate "anytime, anywhere" Web commerce, allowing the network to accept payment from wired and wireless devices.

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