Visa U.S.A. plans to announce today the availability of a faster type of credit card authorization service in 40 metropolitan areas starting in September 1993.

Using a new data communications technology called virtual private line, merchants can get authorizations of credit card transactions in about a quarter of the time required with standard, dial-up telephone connections, according to Visa officials.

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.