Antony Cahill, EVP and global head of value-added services at Visa, tells Karen Webster that Visa’s 250 service and product offerings span from payments to dispute management. https://lnkd.in/etd58QkG
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🚨🚨Exciting Collaboration Alert: JPMorgan Chase & Co. & Visa Direct! 🚨🚨🔗 #JPMorganVisaDirect JPMorgan Chase & Co. and Visa have joined forces to revolutionize the way we handle domestic payments. This partnership is set to enhance the payment experience for merchants and cardholders alike. 🌟 In our financial services industry, the ability to execute swift and secure transactions is paramount. 🛡️💰 This collaboration not only reflects our commitment to innovation but also underscores the importance of adapting to emerging payment technologies. 🌐🔝 💳 #FasterPayments In the fast-paced world of finance, speed is everything. J.P. Morgan’s collaboration with Visa Direct is here to turbocharge domestic transactions! 🏎️💨 Key Points: 🤝 #StrategicPartnership: J.P. Morgan and Visa Direct are teaming up to offer faster payment solutions. ��� #MerchantExperience: This initiative aims to significantly improve the transaction process for merchants. 💡 #InnovativeSolutions: Push to Card payment rail will enable quick and secure fund transfers. 🏦 #EnhancedLiquidity: Streamlining payment processes to boost liquidity management. 📈 #CustomerConvenience: Providing greater convenience for customers with immediate transactions. 🌐 #GlobalReach: Visa Direct’s extensive reach in the U.S. is a game-changer for domestic payments. “This is an important collaboration for our clients and our business. Visa Direct’s capabilities align strategically with our commitment to delivering innovative solutions to our clients,” said John Skinner, co-head of treasury services at J.P. Morgan Payments. 🎉 #NextLevelPayments The JPMorgan-Visa Direct partnership is a milestone in the evolution of domestic payments. Let’s embrace this change and continue to lead the way in financial innovation and customer satisfaction. 🏆🎯 #JPMorgan #VisaDirect #PaymentInnovation #FinancialTechnology #FinTech #BankingEvolution #DigitalPayments https://lnkd.in/erm8qtRs
JPMorgan Offers Faster Domestic Payments Via Visa Direct
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MASTERING ISO 20022 🌐 | Sales Director en PaymentXpert | Experto en Soluciones de Pago y Experiencia del Cliente 💳 | Innovando en Consultoría Financiera y la migración a ISO 20022 🚀
🌐 Visa and J.P. Morgan Payments Announce a Game-Changing Partnership! 💵 We are witnessing a major development in the payment industry as Visa and J.P. Morgan Payments team up to harness the power of Visa Direct for faster money movement in the U.S. This strategic collaboration is set to revolutionize the way merchants and consumers experience payments. What does this mean for the future of payments? 1. Enhanced Speed and Security: With Visa Direct, transactions are expected to be faster and more secure, reducing the waiting time for funds to clear and increasing confidence among users. 2. Impact on Domestic vs. International Transactions: While primarily enhancing domestic transactions, this initiative could set a precedent for future global payment solutions, potentially challenging traditional systems like SWIFT in certain aspects, especially if they expand beyond the U.S. market. 3. Settlements and Infrastructure: It's likely that these transactions will be settled via major U.S. networks like Fedwire, enhancing the efficiency of domestic money movement without initially affecting international payment structures. 4. Competitive Landscape: This move could push other financial services and payment providers to accelerate their own innovations, possibly leading to more collaborations or advancements in payment technologies. Final Thoughts As we move toward a more interconnected and digitally efficient world, partnerships like this could pave the way for significant changes in how we think about and handle financial transactions, both domestically and globally. Stay tuned as we continue to monitor how these developments will reshape the financial landscape. A new era of payments is on the horizon, and it's more exciting than ever! For more details on this partnership, check out the full article here: https://lnkd.in/dFYqdx7E What are your thoughts on this collaboration? Do you think it will significantly impact the future of payments? Let's discuss below! #FinancialServices #Visa #JPMorgan #DigitalPayments #Innovation
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CEO at MRC | Global non-profit membership association for payment and fraud professionals | The GO-TO place for eCommerce payment and fraud professionals globally to facilitate networking, education and advocacy.
Good write up - my two cents on potential unintended consequences - probably break fraud prevention tools at merchants - probably break least cost dynamic routing for merchants - how is account updater going to work? Or does this assume it’s a card network token? - how will returns work? Will the refund be guaranteed to go to the original instrument? - as a consumer how am I going to see transaction history and call into a merchant for support? Obviously last 4 isn’t going to work anymore…this is already pretty challenging with Apple Pay and Google pay. - does this mean Paze is competing or is Paze going to be the instrument to make this happen? Since this is Visa only I can’t see how, but maybe???
Glenbrook's Samantha Gordon unpacks the Visa Flexible Credential, one of many new products announced by Visa at their annual Payments Forum earlier this month. https://lnkd.in/gyMzndJr #payments #visa #vfc #visaflexiblecredential #cardnetworks #cardissuers #merchants
Visa Payments Forum Deep Dive: Visa Flexible Credential - Glenbrook Partners, LLC
https://glenbrook.com
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The access, speed and convenience of real-time payments is quickly becoming a consumer expectation for money movement. Learn more about real-time payments and how they’re allowing financial institutions to reimagine account-to-account transfers in a new article from Visa Navigate North America. Interested in learning more about real-time payments? Subscribe to Digital Payments Library for on-demand training delivered by Visa leaders and payments experts: https://lnkd.in/gYAPZ9aa #visauniversity #payments #realtimepayments #digitalpaymentslibrary
The evolution of real-time payments: Reimagining account-to-account transfers | Visa Navigate
navigate.visa.com
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Recently, Visa and Mastercard reported their earnings for Q4 and full year 2023 results. Visa Q1 2024 highlights 🚀 - Net revenues rose by 9% to $8.6bn. - Visa Direct transactions grew by around 20% to 2.2 billion. - International transaction revenues rose by 8% YoY to $3bn. Mastercard Q4 2023 and FY 2023 highlights 🚀 - In Q4, net revenues rose by 13% to $6.5bn. - 9% net revenue growth in value-added services and solutions. - Net revenues rose by 13% to $25.1bn, driven by a 10% rise in payment network net revenues. To read the full breakdown, head over to our website below 👇🏼 https://lnkd.in/e3pRa4gP #FXCIntelligence #Payments #Crossborder #Earnings #Q42024 #Revenue #Finance #GlobalPayments #FinancialServices
Visa and Mastercard cross-border volumes drive growth in Q4 2023
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Thought leader at intersection of consumer finance and technology helping fintechs, banks and credit unions make optimal decisions. Podcast host, public speaker, startup advisor, mentor and coach.
Exclusive: Visa Aims Value-Added Services at Helping Banks Capture Gen Z Loyalty "...There’s the payment and then there’s everything that happens around it. That’s why financial services companies, from insurance to FinTechs to enterprise-grade banks, add services to protect, analyze and optimize each transaction. For example, Visa’s value-added service (VAS) offerings now contribute roughly a quarter of the company’s $8.8 billion in overall sales in the most recent quarter, at $2.1 billion, up 23% year over year..." #payments #valueadd #services #genz #optimization #vas #loyalty PYMNTS Antony Cahill Visa _________________________________ If you want to immediately see new content that I curate 👉🏻 Ring my bell (🔔) and follow #informationbanker or if you want to get the posts that got noticed in my weekly What’d I miss newsletter, subscribe here: "https://lnkd.in/d5_KvWwu"
Exclusive: Visa Aims Value-Added Services at Helping Banks Capture Gen Z Loyalty
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The push for faster payments is reshaping the financial landscape, demanding strategic foresight and innovative solutions. From Visa's Kathleen Pierce-Gilmore, learn why partnerships play an important role in staying ahead. https://vi.sa/3SfKgtZ PYMNTS #PYMNTS #VisaAcceptanceSolutions #payments
Visa: Winning Instant Payments Long Game With Partnerships
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The payment credential of the future is what you need it to be when you need it. Visa Flexible Credential allows consumers to shop using different funding sources on one payment card, from line of credit or checking account, to loyalty points, prepaid debit or installments. Learn more via American Banker. https://vi.sa/4bmQIXj #VPF2024 #Visa #VisaAcceptanceSolutions
Visa blurs line between debit, credit cards in new 'flexible credential'
americanbanker.com
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Learn how Visa Direct is partnering with JP Morgan to embed faster direct payments into their solution.
Visa Direct collaborates with J.P. Morgan Mobility Payments Solutions S.A. in the US to empower merchants, businesses and fintech to embed faster domestic payments into their solutions. Learn more here: https://vi.sa/4dugoCP #VisaDirect #JPMorganPayments #RealTimePayments #Visa #SmallBusiness #Merchants #FastPayouts #MoneyMovement
Visa Inc. and J.P. Morgan Payments Forge Strategic Collaboration to Revolutionize Faster Money Movement in the US through Visa Direct
businesswire.com
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This book is a blend of memoir, business, and philosophy all in one. The story of how Visa came to be as company in the 1970's is amazing in and of itself, as described by Dee Hock's the founder of Visa In 1956, Dee Hock was working at National Bank of Commerce (NBC) when he was tasked with launching a credit card business for the bank. He was against the idea of credit cards because he believed they encouraged people to spend beyond their means ( 😁little he knows that he will be the founder of one of the foundational global payments network company) it’s funny how destiny moves you in your direction. Despite his unwillingness to manage this new business, he took the job to support his family and surprisingly he excelled in the business. Hock’s bank, was part of a BankAmericard licensed program as Bank of America was providing the back-office for credit card business to other banks for a fees. Then Hock saw the potential for a national, even global, network. Hock's vision clashed with Bank of America's desire for control. He envisioned a member-owned cooperative, a network where all banks benefited, not just Bank of America. This shift from Bank of America's initial control to a decentralized model became a core principle of Visa's success. It wasn't betrayal, but rather a strategic move towards a more collaborative future. However, Hock's idea faced many challenges. Bank of America, a key member of NBI (National BankAmericard Inc.), was secretly working with American Express to create their own credit card system. Other banks also saw the potential of the credit card market and formed a competing network called Master Charge (later known as MasterCard). Despite these challenges, Visa's network effects proved to be powerful. This cycle ultimately led to Visa's dominance in the payment network market. Overall, a good read.
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