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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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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. Which one should you choose?

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Visa Direct to Accelerate Fund Transfers to Under a Minute by 2025

The Fintech Times

Visa is enhancing its Visa Direct service to enable rapid transfers, making funds available in US bank accounts within one minute starting in April 2025. Starting April 2025, consumers, businesses and governments will be able to use Visa Direct to swiftly deposit funds into accounts linked to eligible debit cards.

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JCB to pilot softPOS technology for central bank digital currency transactions

NFCW

Both payer’s and payee’s mobile NFC devices operate off the network when CBDC funds are sent and received.” This JCBDC project is aimed at ensuring that CBDC fund transfers can be done securely and conveniently, by anyone, at any time, with or without internet connectivity, with an immediate guarantee of fund availability,” Soft Space adds.

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Faster Payments Go Live In Hong Kong

PYMNTS

Users can transfer money across different banks or SVFs, with funds available almost immediately. “It makes retail fund transfers and payments much quicker and easier. . “It makes retail fund transfers and payments much quicker and easier.

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The Changing Landscape of Banking Experience with RTP

Faster Payments Council

It is used in higher volumes to pay for shopping at both physical and virtual marketplace, Person to person transfer, payment of utility bills many others allowing for an interbank account-to-account payment fund transfer and secure transaction posting with immediate notification features. Why RTP is used?

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Africa's B2B Produce Landscape Sows The Seeds Of Digitization

PYMNTS

Sellers can secure funds upfront, with Nile able to facilitate EFT transfers as well as the ability for B2B buyers to procure goods on credit. Nile also supports the ability for buyers to upload funds to a sort of digital wallet, allowing that business to place an order and pay for it with funds available.

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