Visa and J.P. Morgan Payments have unveiled an impactful strategic partnership focused on enriching merchant experiences, empowering cardholders, and fostering innovation in domestic payments within the US.
The primary goal of this collaboration is to introduce faster domestic payment solutions in the US market by leveraging the real-time capabilities of Visa Direct and the expertise in money movement solutions offered by J.P. Morgan Payments.
By harnessing Visa Direct’s direct access to bank accounts and J.P. Morgan Payments’ specialized knowledge, the partnership aims to streamline payment processes, optimize liquidity management, and enhance overall convenience for customers.
John Skinner, co-head of Treasury Services at J.P. Morgan Payments, highlighted the significance of this collaboration, affirming, “This partnership holds immense importance for our clients and our business. Visa Direct’s capabilities perfectly complement our commitment to delivering innovative solutions. By enhancing our capacity for faster payments, we are simplifying processes, improving liquidity management, and offering greater convenience to our customers.”
Yanilsa Gonzalez Ore, Head of Money Movement Solutions, North America for Visa, echoed this sentiment, stating, “We are excited to collaborate with J.P. Morgan Payments. Their dedication to excellence and customer-centric approach aligns seamlessly with our values. Enabling faster payments across North America for J.P. Morgan Payments customers is another step forward in fulfilling our commitment, facilitating quicker and more efficient money transfers that benefit businesses, consumers, and the broader economy.”
This collaboration underscores their shared vision of creating a world where money movement is seamless, secure, and accessible to all.
Both organizations are deeply committed to catalyzing positive transformations in the financial ecosystem through innovative solutions and strategic partnerships.
In addition to partnering with Visa, J.P. Morgan Payments combines treasury services, trade, card, and merchant services capabilities to facilitate payments on a global scale.
Source: fintech.global
