Visa announced on Wednesday it is launching its Fintech Fast Track program in the U.S. According to Visa, Fast Track aims to speed up the process of integrating with Visa, to allow startups the ability to more “easily leverage” the reach, capabilities and security VisaNet, which is Visa’s global payment network, offers, thereby helping fintechs scale “more quickly”
“Fast Track is possible in the U.S. thanks to collaborations with leading companies who provide services across the payments spectrum – from card issuance, to push payments integration, to Payment Card Industry (PCI) Compliance, as well as Know Your Customer (KYC) and Anti-Money Laundering (AML) support. Visa is launching Fast Track in the U.S. in collaboration with Alloy, BBVA Open Platform, Cross River Bank, Galileo, GreenDot, Marqeta, Netspend (TSYS’ Consumer Segment), Stripe, TabaPay, TSYS, Q2, and Very Good Security. Visa DPS will also support certain partners’ participation in the program.”
While sharing more details about the expansion, Terry Angelos, SVP and Global Head of Fintech of Visa, stated;
“In markets across the world, Visa has successfully rolled out the Fast Track program, linking arms with fintechs to provide a clear path towards getting to market, leveraging Visa’s scale, security, reach and strong network of partners. By launching Fast Track in the U.S., we are continuing our support for fintechs across the globe, with the goal of accelerating the growth of digital payments and creating better ways to move money everywhere.”
Visa’s Fast Track program, already available in Europe, Africa, the Middle East, Latin America and Asia Pacific, has successfully helped Visa propel the growth of the fintech industry around the world.