Fintech
Visa and Dash solutions expand instant payments partnership across industries
Visa and Dash Solutions, a digital payments company, have expanded their collaboration to enable customers to send and receive real-time payments via eligible cards, bank accounts and digital wallets. This offering aims to improve the way businesses and consumers manage money by leveraging Visa Direct’s real-time payment capabilities.
According to the entities, this collaboration targets various sectors, including healthcare and insurance, and aims to make payment processes efficient. With Visa Direct, healthcare organizations can reportedly digitize these payments in near real-time with the new offering.
Stephen Faust, CEO of Dash Solutions, said: “Our partnership with Visa Direct allows us to offer an unparalleled disbursement experience through our SpendIT SendIT offering. This means businesses can customize solutions to their specific needs, ensuring every payment is as efficient and easy to use as possible.”
Also, the shift from paper checks to digital ones payments results in significant cost savings for healthcare providers. Eliminating paper and optimizing payment flows, these organizations can reduce operational costs while improving the overall payment experience for their customers. This shift is a testament to how real-time payments can streamline processes and increase efficiency.
This collaboration builds on Dash Solutions’ recent initiatives
acquisition by KyckGlobal, which has integrated direct connections with the main payment networks, including Visa Direct, into the Dash Solutions platform. This move aims to eliminate the need for additional third-party processors, resulting in cost savings and better operations for customers.
Integration of the main payment networks
According to the official statement, Dash Solutions has reached over $50 billion in total payment volume, doubling the disbursement segment and increasing headcount by 20% in 2023. The company is a payments platform that provides customers with payment management tools digital payment and engagement programs.
Meanwhile Visa and Mastercard face a legal dispute in the United Kingdom after a London court recently approved lawsuits brought by merchants alleging interchange fee surcharges. The Competition Appeal Tribunal has ruled that class action lawsuits against Visa and MasterCard can proceed.
Previously, the payments giants have been involved in numerous lawsuits across the UK. These cases involve fees known as MIFs, which retailers are required to pay every time customers use their cards. The lawsuits challenge the multilateral interchange fees charged by the two payments giants when consumers use their cards for purchases.
Visa and Dash Solutions, a digital payments company, have expanded their collaboration to enable customers to send and receive real-time payments via eligible cards, bank accounts and digital wallets. This offering aims to improve the way businesses and consumers manage money by leveraging Visa Direct’s real-time payment capabilities.
According to the entities, this collaboration targets various sectors, including healthcare and insurance, and aims to make payment processes efficient. With Visa Direct, healthcare organizations can reportedly digitize these payments in near real-time with the new offering.
Stephen Faust, CEO of Dash Solutions, said: “Our partnership with Visa Direct allows us to offer an unparalleled disbursement experience through our SpendIT SendIT offering. This means businesses can customize solutions to their specific needs, ensuring every payment is as efficient and easy to use as possible.”
Also, the shift from paper checks to digital ones payments results in significant cost savings for healthcare providers. Eliminating paper and optimizing payment flows, these organizations can reduce operational costs while improving the overall payment experience for their customers. This shift is a testament to how real-time payments can streamline processes and increase efficiency.
This collaboration builds on Dash Solutions’ recent initiatives
acquisition by KyckGlobal, which has integrated direct connections with the main payment networks, including Visa Direct, into the Dash Solutions platform. This move aims to eliminate the need for additional third-party processors, resulting in cost savings and better operations for customers.
Integration of the main payment networks
According to the official statement, Dash Solutions has reached over $50 billion in total payment volume, doubling the disbursement segment and increasing headcount by 20% in 2023. The company is a payments platform that provides customers with payment management tools digital payment and engagement programs.
Meanwhile Visa and Mastercard face a legal dispute in the United Kingdom after a London court recently approved lawsuits brought by merchants alleging interchange fee surcharges. The Competition Appeal Tribunal has ruled that class action lawsuits against Visa and MasterCard can proceed.
Previously, the payments giants have been involved in numerous lawsuits across the UK. These cases involve fees known as MIFs, which retailers are required to pay every time customers use their cards. The lawsuits challenge the multilateral interchange fees charged by the two payments giants when consumers use their cards for purchases.