Enable sending money in real-time1 to all eligible US debit or prepaid cards. With the rise of mobile and shared services, consumers and businesses expect faster, more convenient ways to pay. Visa Direct is a solution that helps financial institutions enable businesses to create fast, convenient, and secure digital payment experiences using the cards consumers already have in their wallet. Visa Direct can be used to empower person-to-person (P2P) payments and for government, corporate or merchant funds disbursements for tax refunds, insurance claims reimbursements, rebates, or affiliate/contractor/shared economy provider payouts.
For businesses, Visa Direct can help reduce the costs of using cheques and streamline operations, while providing customers with innovative and brand differentiating payment experiences. There are multiple funds disbursement programmes and person-to-person payment providers that are live today, and many more are in development. Through financial institutions, Visa Direct enables payment service providers to:
- Enhance the consumer experience by eliminating the need to provide sensitive identifying information
- Provide a fast and secure way to send and receive payments backed by Visa’s proven, reliable and trusted payment network
- Participate in a digital payments platform that provides speed, simplicity, security and scale. With fast funds processing, payouts are made and funds can be available in real-time1 with approved authorisation2