Visa, JPMorgan collaborate on effort to speed up U.S. money movement

Visa (V) and J.P. Morgan Payments (JPM) announced a strategic collaboration that aims to enhance merchant experiences, empower cardholders, and drive innovation for J.P. Morgan Payments’ customers, with the introduction of faster domestic payments in the U.S., through the Visa Direct network. With Visa Direct’s reach in the US, J.P. Morgan Payments will empower merchants, businesses and fintech to embed faster domestic payments into their solutions, including its Push to Card payment rail, enabling movement of funds directly to recipients’ bank accounts and digital accounts by leveraging the debit card credential.