This new collaboration will allow PayActiv to give its participants the option to receive funds on their Visa card in real-time 1 via Visa Direct
SAN FRANCISCO–(BUSINESS WIRE)– Today, Visa (NYSE: V) and PayActiv announced a new agreement that enables real-time1access to earned wages disbursed by PayActiv. The demand for instant access to earned funds has now extended to traditional batch payroll – gone are the days of waiting two weeks to be paid. PayActiv partner businesses can now offer real-time deposit capabilities of earned funds to their employees by utilizing Visa Direct’s real-timepush payments platform. The funds can be made available in real-time to a Visa debit or reloadable prepaid card, including the new PayActiv Visa® Prepaid Card.
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