article thumbnail

Visa Direct to Make Funds Available in U.S. Cardholders’ Bank Accounts in One Minute or Less

Fintech Finance

With faster funds availability, organizations can enhance their operational efficiency, deliver better customer experiences, and foster trust among their clients. Faster Payments Council (FPC). payment system is essential for secure, near-immediate funds availability. Upgrading the U.S.

article thumbnail

Carl Slabicki Named Chairperson of U.S. Faster Payments Council Board of Directors

Fintech Finance

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, is pleased to announce that Carl Slabicki, Executive Platform Owner of Treasury Services at BNY, has been named the new Chairperson of the FPC Board of Directors.

article thumbnail

Visa Direct to Accelerate Fund Transfers to Under a Minute by 2025

The Fintech Times

Visa is enhancing its Visa Direct service to enable rapid transfers, making funds available in US bank accounts within one minute starting in April 2025. Visa Direct, a service that facilitates real-time money transfers across various platforms, will enhance its capabilities to speed up the availability of funds in bank accounts.

article thumbnail

Payment Players Launch U.S. Faster Payments Council To Speed Up Payments

PYMNTS

Faster Payments Council (FPC), aimed at working toward a ubiquitous payment system that enables Americans to safely and securely pay anyone, anywhere and at any time with near-immediate funds availability. A group of payment players announced Tuesday (Nov. 13) that they created a new organization, dubbed U.S.

article thumbnail

U.S. Faster Payments Council Publishes Interoperability White Paper

Faster Payments Council

Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today released a new Faster Payments Interoperability white paper developed by the FPC Network Committee. For more information on the FPC, its current work efforts or to join, visit FasterPaymentsCouncil.org.

article thumbnail

U.S. Faster Payments Council Announces 2020 Board of Directors

Faster Payments Council

Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today released the results of the 2020 election for its Board of Directors. In this year's election, FPC members voted in new directors to a Board that benefits both from continuity and fresh perspectives.

article thumbnail

U.S. Faster Payments Council Announces 2021 Board of Directors

Faster Payments Council

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today released the results of the 2021 election for its Board of Directors. FOR IMMEDIATE RELEASE May 24, 2021 – The U.S.