Visa Direct Money Movement Solutions for Financial Institutions (2024)

FAQs

What is the visa direct payment solution? ›

A real-time payment solution that enables fast, secure and reliable financial transactions. It allows instant transfer of funds using a mobile phone number or email, and is widely used for P2P, B2C and government disbursem*nts.

Visa Direct is a fast, convenient and secure way to disburse funds to your customers on the cards they already carry. Today's real-time economy has changed the way people send and receive money. Tablet, mobile and web e-commerce have created new speed expectations.

“Visa Direct enables our customers to move money between their accounts instantly, facilitating a best-in-class UX that customers have come to expect.”

The difference between Visa Checkout and Visa Direct is that Visa Checkout acts like a virtual wallet where Visa Direct does P2P payments and funds disbursem*nts. Below is some more information on what each API does.

Visa Direct is Visa's version of Zelle or Venmo, it's the instant-sending tool created by the credit card giant that gives card-holders the ability to send payments immediately.

Visa Direct is deeply invested in developing new tools and features to help mitigate money movement fraud and minimize exposure to financial fraud and losses across our ecosystem. Visa Direct's new ANI and fraud reporting systems show our commitment to helping our clients and partners stay a step ahead of fraud.

Visa Direct helps enable money movement to eligible debit cards domestically, and to eligible debit cards and accounts cross border. Visa B2B Connect enables b2b, cross-border, higher value payments to accounts on the same or next day through a single connection.

Visa Direct is a global solution for real-time¹ money movement for individuals between accounts linked to eligible card credentials and between friends and family domestically and globally.

All Visa Direct programs require the originator to be a licensed Visa acquirer or be sponsored by a licensed Visa acquirer who is ready and able to sponsor Visa Direct programs.

What are the benefits of Visa Direct? ›

Help empower end users to decide where and when their money moves. Whether money needs to change hands, countries or even institutions, Visa Direct helps enable your business to deliver a payment solution without compromise.

The service relies on the Visa Direct network to enable fast payments to debit and prepaid cards and bank accounts in 170 countries, though only cards can be accessed within the United States. Mastercard Inc. offers a similarly designed service called Mastercard Send.

Discover the Visa Direct service limits for all transactions to a card: Limit per transaction: 1,000 USD. Limit per day: 2,500 USD. Limit per week: 5,000 USD.

Visa Direct — Visa Direct transactions have an Interchange rate of 0.25%.

Visa was founded in 1958 by Bank of America (BofA) as the BankAmericard credit card program. In response to competitor Master Charge (now Mastercard), BofA began to license the BankAmericard program to other financial institutions in 1966.

Visa Direct is helping create the infrastructure necessary for a secure, connected global economy. Built with Visa's risk management products, Visa Direct benefits from our relationships with select partners who are innovating at the forefront of identity management, fraud management, and artificial intelligence.

You can set up direct payment and the credit card company will automatically deduct your payment on the same day each month. Some companies will allow you to select a specific day to pay your bill each month. However, many companies have system requirements that dictate when a payment will be deducted each month.

Discover the Visa Direct service limits for all transactions to a card: Limit per transaction: 1,000 USD. Limit per day: 2,500 USD. Limit per week: 5,000 USD.