iGoDirect Group ’s Post

🚨 ICYMI: Visa Direct's Weekly Recap for 05/03/24 🚨 Is there such a thing as being too cautious? 🤔 Visa Direct VP Matt Charpentier explains the delicate balance between stopping fraud and causing friction for users. Using the type, size, and location of those transactions, Visa’s robust risk assessment per transaction can help find that balance. Learn more on this episode of the Money Travels podcast here: https://vi.sa/3xTKBuG Digital Wallets are about Accessibility and Inclusion for All 💪 Digital wallets are making payments more accessible and convenient for countless businesses and consumers. Through a combination of wallet aggregation partners and direct wallet connections, Visa Direct will enable more than 1.5 billion wallets across 44 countries and territories. As well as helping consumers to easily move funds cross-border, these tools support businesses that want to serve customers who don’t have access to a bricks-and-mortar bank. Learn more about how Visa Direct is helping to broaden accessibility to money movement here: https://vi.sa/49Z0Tjw Are you going to be at Nacha 2024? ☀️ 🌴 😎 Tune into our panel session, Real Time Payments Scorecard, and learn how fast payments can drive real impact in your business. Join Jim Filice, Vice President, Head of Money Movement, North America, Visa with Tim Astanov, Chief Commercialization Officer, TabaPay and Dekel Beeri, VP, Product Strategy, DailyPay, Inc. Register for Nacha Smarter Faster Payments Conference 2024 here: https://vi.sa/3UpnfVg Making Creator Payouts Faster and Easier | Visa Direct and BIGO Technology 📷 🎤 💰 Content creators, such as streamers on BIGO, can now get access to their earned wages faster. Visa Direct is excited to partner with BIGO to improve the payout experience for their steamers. Learn more about how streamers can cash out their BIGO wallet balance to their Visa Card in a fast and secure manner and have quicker access to their earnings from streaming: https://vi.sa/3UkMPuI #VisaDirect #MoneyMovement #RealtimePayments

Visa launches "Token for life" and cements itself as a tech company more than a payments company. "The announcements include the launch of Visa Flexible Credential, which enables users to toggle between debit, credit, rewards points, and buy now, pay later (BNPL) when completing a transaction." This wraps up all of your transactions in a nice little bow with a Visa label on it and gives flexibility around interchange rates applied depending on which product the customer chooses (and where you are in the world) "Click to Pay" is the other important discussion point. This has a couple of impacts with one of them being a way to limiting ApplePay in e-commerce but also, locking customers into the Visa ecosystem. 🤔 Where does it leave Least cost routing? I think that it kills it dead. 🤔 What about BNPL? Visa becomes an enabler My invitation to"annual Visa Payments Forum in San Francisco" appears to have been lost as I wasn't in attendance so I can only give you my opinion and details from the FinTech Futures article which I will paste below. In summary, Tokens, Tokens and more tokens, More in the link 👇👇👇👇 https://lnkd.in/g-P_wcXX #payments

Refunds are supposed to be straightforward. But often they aren't. Despite merchants processing the refunds, it takes days, sometimes even weeks before the refund amount reaches the customer. This is not a great UX for consumers, and increases customer support costs for the merchant, even when the outcome is outside their control. With Visa Direct Faster Refunds, merchants can ensure the refunds are real-time, improving customer satisfaction and reducing customer support costs.

As a part of the Visa team, I've seen firsthand how simple changes in payment systems can unlock significant revenue potential. I've shared some insights in my latest blog post for Visa Acceptance Solutions, "Payments: the untapped goldmine for additional revenue". Find out how strategic, smart solutions like tokenization and payments orchestration can boost approval rates, reduce fraud and enhance your customer experience, all while increasing your bottom line. The future of payments is here, and it's time to reap the benefits. Start unlocking more profits with payments today. Check out my blog here: vi.sa/2619 #VisaAcceptanceSolutions #Payments #BusinessRevenue #Tokenization #PaymentsOrchestration

🤝 Visa Direct x Worldpay 🤝 Worldpay has launched a first-of-its-kind service that delivers near instant refunds, depending on the receiving financial institution. This helps to close the gap between consumer expectations and merchant capabilities. “As leaders in card issuance, it is our responsibility to work across the entire ecosystem to drive innovation and change, which is why we’re excited to be working with Worldpay to improve on refunds for consumers,” said Anastasia Serikova, VP Revenue & Growth, Visa Direct EU. “Consumers want their money to move faster—whether that’s when sending or receiving funds—together we’re delivering a positive change in how refunds are done.” 👉 Read the full press release here: https://vi.sa/41m1VFA 👈 #VisaDirect #WorldPay #MoneyMovement #MoveMoneyYourWay

⭐ Thunes Signs New Deal With Visa's Direct To Broaden Its Global Reach ⭐ 👉 What is Thunes: In Simple term Thunes is our Sister Company (Ezra and Thunes belong to Transfer To. Group) and provides solutions to transfer money from one account to other (Cross Border). Thunes has meticulously crafted a worldwide payments ecosystem from the ground up, presenting an innovative alternative to the conventional frameworks established by the banking sector over preceding years. With deployments and introductions spanning across 130+ nations globally, and regulatory authorizations meticulously negotiated in each jurisdiction, the company has successfully engineered an infrastructure that presents notable benefits over traditional channels for money transfers. Now Thunes and Visa as done Parthership which provides Thunes to use Visa's Push to Card functionality. 👉 What is Push to Card: Visa Direct Payouts API facilitates Originating Entities to push payments to Visa card accounts through Original Credit Transactions (OCT), empowering new consumer and business services. OCTs can be funded from diverse sources, with Visa, Originating Entities, Senders, Recipients, and financial institutions participating in the push-to-cards program. This capability enables seamless transactions and expands payment options for users in over 190+ Countries. 👉 Real Time Transactions: These transactions are near real time, which means all Thunes network/User/Client from their Mobile App can initiate Visa Direct Push to Card and get their money in their respective account on which the card is tagged in near time. https://lnkd.in/d9BvHmiH #ProductManagment #Fintech #DigitalWallet #VisaDirect #Cards

Exciting news for consumers and retailers! Worldpay’s new faster refund solution in partnership with Visa Direct available at participating retailers like HMV, addresses the long wait times for refunds, meeting the growing demand for quicker processing. With a broader rollout planned for 2025, this service will enhance customer satisfaction, reduce inquiries, and improve payment processes across Europe. #Fintech #RetailInnovation #CustomerExperience #PaymentSolutions #Worldpay #VisaDirect

It’s no secret that the savvy, younger generation of consumers today value personalized experiences greatly, and this is an expectation that extends to their financial lives. While credit cards are typically seen as a traditional payment tool, DCS Card Centre has made it our goal to develop innovative propositions and solutions that add value to our customers.   I’m proud to share that we have taken another significant step towards this mission today with the launch of the FLEX Card – our first card powered by Visa. As its name suggests, the FLEX Card is designed to offer unprecedented flexibility with cardmembers enjoying the freedom to choose from three reward options comprising cash rebates, miles and as a first in Singapore, the option to earn investment credits. Paired with the D-Vault feature available to all DCS cardmembers via the DCS Cards App, customers can instantly increase their card spend limit via bank transfers or through the conversion of their digital assets.    The promise of flexibility is taken further with features that are soon to come, such as the option to switch one’s preferred rewards, as well as the introduction of a fourth reward option where cardmembers can opt to donate towards environmental causes, such as through carbon credits.   Thank you to our valued partner Visa for the strong support, and to my team at DCS for this remarkable delivery. Serene Gay Adeline Kim Nathaniel Tan Karen Low Kelvin Ong Christina Chin Mervin Tan Josephine Poh Brian Tan Eunice Lee Marilyn Peh Elvin Ng Alan Pek   #DCSCardCentre #DCSFlexCard #Payments #CreditCard #Innovation #Visa

👉 Visa Direct x Thunes 👈 Together with Thunes, we’re broadening the payment ecosystem by connecting to bank accounts, cards, and wallets, ultimately bringing more streamlined payouts capabilities to our joint clients. 👉 Learn more about Visa Direct here: visa.com/visadirect 👈 #MoveMoneyYourWay #Thunes #Visa #VisaDirect #MoneyMovement #CrossBorderPayments #RealtimePayments #DigitalPayments #PaymentSolutions

The gap between corporate and consumer money movement is closing all the time. People expect the same seamless experience regardless of the context or purpose of their transaction.   The new innovations announced at North America Visa Payments Forum yesterday show how those consumer experiences are shaping up for a future that's already here today, and will continue to scale over the coming years.   Experiences like Pay by Bank and the use of Data Tokens are changing the game for consumers and businesses alike. The future is bright and I can't wait to show what more is in store at Visa's European Payments Forum later this year!   #VPF2024 https://lnkd.in/evuNXycf