JPMorgan Enhances Domestic Payments Speed with Visa Direct
JP Morgan is introducing expedited domestic payments in the US through the Visa Direct network.
According to JP Morgan Payments, Visa Direct will enable merchants, businesses, and fintechs to integrate rapid domestic payments into their services.
This will encompass the Push to Card payment rail, facilitating direct fund transfers to recipients’ bank and digital accounts using debit card credentials.
John Skinner, co-head of treasury services at JP Morgan Payments, states:
“By enhancing our capacity for faster payments, we’re simplifying payment processes, improving liquidity management, and offering greater convenience to our customers.”
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Yanilsa Gonzalez Ore, head of money movement solutions for North America at Visa, remarks:
“Expanding faster payments across North America for J.P. Morgan Payments customers represents another stride in fulfilling that commitment, ensuring swift and efficient money transfers that benefit businesses, consumers, and the wider economy.”
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
