OnDemand Video Module

Introduction

The card networks have recently launched expanded capabilities to “push” funds to debit cards and credit cards. These new capabilities repurpose the card network settlement systems to support real-time payments to cardholders and open up new segments of the industry for card-enabled payments. This webinar will introduce the concept and describe the similarities and differences between the main alternatives.

Topics Covered

• General design principles and declared use cases
• Visa’s approach and rationale – Visa OCT and Visa Direct
• Mastercard’s approach and rationale – Mastercard MoneySend and Mastercard Send
• Push payments on PIN Debit rails

Learning Objective

To understand this new segment of the card industry and its competitive positioning relative to other open and closed networks around the world.