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Payments General

Visa's Fintech Fast Track programme launches in the US

Thursday 1 August 2019 | 11:25 AM CET

Visa has announced the expansion of its Fast Track programme to the United States in conjunction with BBVA Open Platform, among other partners.

Fast Track aims to speed up the process of integrating with Visa, to allow nimble start-ups the ability to more easily leverage the reach, capabilities, and security VisaNet, the company’s global payment network, offers, thereby helping fintechs scale more quickly.

Fast Track is possible in the US thanks to collaborations with 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, Green Dot, Marqeta, Netspend (TSYS’ Consumer Segment), Stripe, TabaPay, TSYS, Q2, and Very Good Security. Visa DPS will also support certain partners’ participation in the program.

Fast Track is one part of a broader Visa strategy to support fintechs’ growth and development globally. In addition to Fast Track, Visa is consistently engaging with the fintech community through a variety of strategic initiatives and programs, such as partnerships with fintechs, including Currencycloud, Flutterwave, ininal, N26, PayActiv, Rappi, Razer and Remitly, investments in companies such as Bankable or PayMate, or ongoing engagements, such as the involvement in programmes like Inclusive Fintech 50, a competition to make early-stage fintechs more visible to investors and others who can help them scale and reach more underserved people.

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