Visa International announced two smart card pilots Thursday, one in the physical world and one in the virtual world.

First Union Corp. of Charlotte, N.C., said it has started a Visa Cash program with the Army. BankAmerica Corp. of San Francisco will test the same type of stored-value system on the Internet with employees and cyber- merchants.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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