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September 14, 2017Blog Posts

Vantiv, Visa team up on merchant payment system for SMBs

ZDnet:

Payments processing giant Vantiv, along with Visa, unveiled a joint service for small businesses that aims to speed up settlement payouts from daily sales. Traditionally, sales payouts to businesses are subjected to the three- or four-day processing delay of the Automated Clearing House (ACH) network. But Visa and Vantiv say the new FastAccess Funding service will reduce settlement payouts to a matter of minutes.

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