Immediate gratification and the ability to move money in just minutes are expected by consumers and businesses alike. That expectation includes instant disbursement—from payroll to P2P to insurance benefits. However, the current money movement ecosystem has challenges that need to be addressed. Financial institutions need a payments strategy that addresses the needs of today.
One option is Visa Direct, which makes faster payments more accessible (both geographically and in volume), closing the gaps left by other payment rails. In a Banking Exchange hosted webinar, Jaspreet Singh, Head of A2A/P2P Commercialization at Visa Direct, and Al Griffin, Payments Practice Lead at Alacriti, discussed Visa Direct, its use cases, and how push-to-card helps financial institutions extend the reach of faster payments.
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