Visa and J.P. Morgan Payments have announced a strategic collaboration aimed at enhancing merchant experiences, empowering cardholders, and driving innovation in domestic payments within the US.
The partnership aims to introduce faster domestic payments in the US market by leveraging Visa Direct’s real-time reach to bank accounts and J.P. Morgan Payments’ expertise in money movement solutions.
It is hoped that the move will streamline payment processes, enhance liquidity management, and provide greater convenience for customers.
John Skinner, co-head of Treasury Services at J.P. Morgan Payments, emphasised the significance of the collaboration, stating, “This is an important collaboration for our clients and our business. Visa Direct’s capabilities align strategically with our commitment to delivering innovative solutions to our clients. By boosting our ability to deliver faster payments, we’re streamlining payment processes, enhancing liquidity management, and providing greater convenience for our customers.”
Yanilsa Gonzalez Ore, Head of Money Movement Solutions, North America for Visa, echoed the sentiment, remarking, “We are thrilled to be working with J.P. Morgan Payments. Their dedication to excellence and customer-centric approach mirrors our own values. The addition of faster payments across North America for J.P. Morgan Payments customers is a further step in delivering on that promise, providing quicker, more efficient movement of money that benefit businesses, consumers, and the broader economy.”
The collaboration underscores their shared vision of creating a world where money movement is seamless, secure, and accessible to all.
Both organisations are committed to driving positive change in the financial ecosystem through innovative solutions and strategic partnerships.
J.P. Morgan Payments, in addition to its collaboration with Visa, combines treasury services, trade, card, and merchant services capabilities to facilitate payments globally.
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