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Visa Direct to Make Funds Available in U.S. Cardholders’ Bank Accounts in One Minute or Less

Fintech Finance

Visa , a global leader in digital payments, today announced that with Visa Direct, funds transferred to U.S. bank accounts will be available within 1 minute or less starting in April 2025. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1.

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Wise Granted Direct Access to Philippines’ Instant Payments Infrastructure, Gets Settlement Account With BSP

Fintech Finance

Fast and convenient withdrawals: Wise customers in the Philippines moving funds from their Wise account to their local banks or e-wallets will see the money arriving in under 20 seconds. That set the precedent for Wise to be granted direct access to payment systems in the EU in 2020, as well as Singapore and Australia in 2021.

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Singapore Fintech Finmo Expands into UK with New Payment License

Fintech News

It also allows the company to hold safeguarded client funds in the UK and connect directly to local clearing systems, including Faster Payments and CHAPS. Initial UK rollouts include GBP-denominated accounts and Faster Payments access.

FinTech 101
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Anti-Fraud Tool Confirmation of Payee Expanded to Hundreds of More Firms

Fintech Finance

Today, the Payment Systems Regulator (PSR ), marks another significant milestone in its fight to tackle fraud, as hundreds of additional financial firms adopt the name-checking service, Confirmation of Payee (CoP).

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Orum Teams Up with Visa Direct to Launch Faster Payments

Fintech Finance

Orum , which transforms payment technology for businesses by revolutionizing payment speed, certainty, and payment rail orchestration, has announced it will now offer U.S. customers real-time1 fund transfers to and from bank accounts via debit card with its Deliver API solution, powered by Visa Direct.

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Neonomics Acquires U.K. Open Banking Platform, Ordo

Fintech Finance

Founded by the former management team of the UK Faster Payments scheme, Ordo is an FCA authorised open banking payments innovator and one of the very first to be licensed as such in the UK. Ordo delivers a wide range of payments and data services including variable recurring payments and is an official crown services supplier.

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Intuit and Adyen Collaborate to Help Small and Mid-Market Businesses Get Paid Faster

Fintech Finance

With Adyen, Intuit Quickbooks customers will enjoy a wider choice of payment options, and SMBs will receive their funds fast thanks to Adyen’s UK banking license and direct connection to the real-time payment rails Faster Payments Services (FPS). billion annually.