“Phalen said that B2B Connect will look to offer businesses an advantage in speed, with a goal of completing the funds transfer on the transaction day or the day after. In many cases, high-value cross-border transfers take three to five days using alternative methods, he said. Visa hopes its hyperledger technology will also prove attractive in terms of security and transparency. The company has made B2B Connect a “permissioned” network, meaning that only approved parties can join. Phalen said that the platform’s infrastructure also allows financial institutions to transmit information about payments between one another so that companies can determine what a specific transfer is meant to cover.”