Visa and J.P. Morgan strategic relationship for faster payments

Visa and J.P. Morgan Payments have announced a strategic collaboration that aims to enhance merchant experiences and drive innovation for J.P. Morgan Payments’ customers by introducing faster domestic payments in the US, through the Visa Direct network.

Visa and J.P. Morgan strategic relationship

With Visa Direct’s extensive reach in the US, J.P. Morgan Payments will enable merchants, businesses and fintech to embed faster domestic payments into their solutions, including its Push to Card payment rail, enabling fast and secure movement of funds directly to recipients’ bank accounts and digital accounts simply by leveraging the debit card credential.

Combining Visa Direct’s real-time reach to bank accounts across the US will further enhance J.P. Morgan Payments’ money movement solutions offered across client segments and business units.

“This is an important collaboration for our clients and our business,” comments John Skinner, co-head of Treasury Services at J.P. Morgan Payments.

“Visa Direct’s capabilities align strategically with our commitment to delivering innovative solutions to our clients. By boosting our ability to deliver faster payments, we’re streamlining payment processes, enhancing liquidity management, and providing greater convenience for our customers.”

“The addition of faster payments across North America for J.P. Morgan Payments customers is a further step in providing quicker, more efficient movement of money that benefit businesses, consumers, and the broader economy,” added Yanilsa Gonzalez Ore, Head of Money Movement Solutions, North America for Visa.


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