Visa Direct to Deliver Faster Bank Transfers in Under a Minute

Visa Direct is set to revolutionize bank transfers in the United States by offering near-instantaneous fund transfers starting next April, according to Finextra. The payment giant’s real-time money movement platform will allow consumers, businesses, and governments to deposit funds into bank accounts linked to eligible debit cards in under 60 seconds.

Currently, Visa Direct connects to 99% of bank accounts in the U.S. and reaches over 11 billion endpoints worldwide, including cards, accounts, and digital wallets. This extensive reach promises significant improvements for a variety of scenarios such as splitting bills, moving money between accounts, receiving insurance payouts, and accessing earned wages.

Beyond personal finance, the upgrade could streamline operations in sectors like government disbursements, healthcare payments, and service industry tipping systems. The real-time capabilities aim to help businesses and governments operate with increased efficiency and agility.

Jim Filice, Vice President and Head of Real-Time Payments at Visa Direct, commented: «At Visa, we are constantly striving to innovate and provide the best possible money movement experiences, and this update will significantly enhance the speed and convenience, while maintaining strong security standards.»

This advancement represents Visa’s ongoing commitment to improving financial systems and catering to the evolving demands of its global customer base.

Other articles
Listening Is the New Power Move in Financial Services
SymphonyAI Eyes Agentic Automation as the Future of AML Compliance
AI Adoption in Financial Services and Fintech in 2025: Key Trends and Use Cases
Visa Launches New Initiative to Simplify Embedded Payments for Businesses
JPMorgan Unveils AI-Powered Tool to Combat Payment Fraud in Corporate Transactions
New ‘Buy Now, Pay Later’ Rules to Benefit Big Lenders, Not Hinder Them
Cable Insurance and TruckerCloud Join Forces to Improve Commercial Auto Data Systems
In-Car Payments Becoming Must-Have Feature for Drivers, Study Finds
Digital Wallets Are Evolving — And They Want to Replace Your Apps, Not Just Your Cards
Parents Call for Financial Education as the New “Fourth R” in Schools
The Role of AI-Driven Large Transaction Models in Transforming Payment Security
How Generative AI Is Fueling the Future of Embedded Finance
How Amazon and Walmart Are Shaping Retail’s Future With Robotics and AI
ECB Collaborates with FinTechs and Banks to Shape the Future of Digital Payments
The Top 10 Automotive Industry Trends to Watch (2025–2027)