Visa-Microsoft alliance causing jitters among banks fearful of losing their turf

Many banks are worried that the alliance formed between Visa International and Microsoft Corp. will erode their market share by cutting them out of the picture. The access that companies using computer networks have to bank customers could reduce banks' role in selling their services. Microsoft claims it wants to work with banks, not against them. The alliance will develop a secure way to transmit credit card numbers through computer networks.
Microsoft Corp.'s alliance with Visa International, announced last week, has the financial community taking a harder look at whether the software giant is on its side or too close for [...]