Visa Solicits Migrants In Bid for Bigger Slice Of Money Transfers.

Reports that Visa International Inc. has launched an aggressive campaign to capture a bigger piece of the $40 billion in remittance payments migrant workers annually send to their families in Latin America. Use of debit cards and automated teller machines to reach workers without bank accounts who send and receive money between Latin America, and the U.S. and Europe; Efforts by Visa and banks to pitch their money-transfer business as an alternative to expensive traditional methods; Reference to the enormous potential for card-based money transfers and to the growing trend away from the use of cash and checks.