Latest / Tearsheet Podcast: Exploring Financial Services Together
With Direct Payouts, Visa can push payments to cards and accounts cross border
Welcome to the Tearsheet Podcast. I’m Tearsheet editor in chief, Zack Miller. Push payments are the reverse of how we think credit cards work. Instead of pulling customer funds to pay a merchant, push payments have merchants sending money out to the cardholder. Visa Direct is a major player in the space and the payment firm is now announcing Visa Direct Payouts, which allows Visa clients and partners to push payments to cards and accounts for cross border payments. With this new addition, Visa Direct now provides multi-rail access to 5 billion cards and accounts combined across more than 200…
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