Visa and Dash Solutions Expand Partnership for Instant Payments across Sectors
Visa and Dash Solutions, a digital payment firm, have expanded their collaboration to allow customers to send and receive payments in real-time through eligible cards, bank accounts, and digital wallets. This offering aims to enhance how businesses and consumers handle
money, leveraging Visa Direct’s real-time payment capabilities.
According to the entities, this collaboration targets
various sectors, including healthcare and insurance, and seeks to make payment
processes efficient. With Visa Direct, leading healthcare organizations can now
digitize these payouts in near real-time.
Stephen Faust, the CEO of Dash Solutions, mentioned: “Our
collaboration with Visa Direct empowers us to offer an unparalleled
disbursement experience through our SpendIT SendIT offering. This means
businesses can tailor solutions to their specific needs, ensuring every payout
is as efficient and user-friendly as possible.”
Additionally, the transition from paper checks to digital payments
also brings significant cost savings for healthcare providers. By eliminating
paper and optimizing payment flows, these organizations can reduce operational
costs while enhancing the overall payment experience for their customers. This
shift is a testament to how real-time payments can streamline processes and
boost efficiency.
This collaboration builds on Dash Solutions’ recent
acquisition of KyckGlobal, which integrated direct connections with major
payment networks, including Visa Direct, into the Dash Solutions platform. This
move eliminates the need for additional third-party processors, leading to cost
savings and streamlined operations for customers.
Integrating Major Payment Networks
According to the official statement, Dash Solutions
has achieved over $50 billion in total payment volume, doubling its
disbursement segment and increasing its headcount by 20% in 2023. The company
is a payments platform that provides customers with digital payment and
engagement program management tools.
Expect ongoing updates as this story evolves.
Visa and Dash Solutions, a digital payment firm, have expanded their collaboration to allow customers to send and receive payments in real-time through eligible cards, bank accounts, and digital wallets. This offering aims to enhance how businesses and consumers handle
money, leveraging Visa Direct’s real-time payment capabilities.
According to the entities, this collaboration targets
various sectors, including healthcare and insurance, and seeks to make payment
processes efficient. With Visa Direct, leading healthcare organizations can now
digitize these payouts in near real-time.
Stephen Faust, the CEO of Dash Solutions, mentioned: “Our
collaboration with Visa Direct empowers us to offer an unparalleled
disbursement experience through our SpendIT SendIT offering. This means
businesses can tailor solutions to their specific needs, ensuring every payout
is as efficient and user-friendly as possible.”
Additionally, the transition from paper checks to digital payments
also brings significant cost savings for healthcare providers. By eliminating
paper and optimizing payment flows, these organizations can reduce operational
costs while enhancing the overall payment experience for their customers. This
shift is a testament to how real-time payments can streamline processes and
boost efficiency.
This collaboration builds on Dash Solutions’ recent
acquisition of KyckGlobal, which integrated direct connections with major
payment networks, including Visa Direct, into the Dash Solutions platform. This
move eliminates the need for additional third-party processors, leading to cost
savings and streamlined operations for customers.
Integrating Major Payment Networks
According to the official statement, Dash Solutions
has achieved over $50 billion in total payment volume, doubling its
disbursement segment and increasing its headcount by 20% in 2023. The company
is a payments platform that provides customers with digital payment and
engagement program management tools.
Expect ongoing updates as this story evolves.
