Early Warning® to Expand Reach of clearXchange® with Visa Direct

San Francisco, CA


Person-to-person payments on clearXchange will be available to almost every debit card in the U.S.

Early Warning, the industry leader in real-time payments, authentication and risk mitigation, today announced it has signed an agreement with Visa to enable person-to-person (P2P) payments on its clearXchange network using U.S.-issued debit cards through the Visa Direct platform.

Early Warning’s clearXchange network currently enables customers of participant financial institutions to send money to anyone with a U.S. bank account. Visa Direct will expand the service by enabling anyone to transfer payments to and from customers of participating banks using a U.S-issued debit card. clearXchange already reaches more than 100 million online banking and 70 million mobile banking users directly through its member financial institutions. In combination with Visa, clearXchange will be able to reach the majority of the 200 million debit cards issued by Visa in the U.S. The new debit card offering will expand clearXchange’s reach to debit card holders across the U.S. and enable a faster payments experience for more users.

“Early Warning's participation in the Visa Direct program is an important step in our faster payments initiative," said Lou Anne Alexander, group president, payments, Early Warning. “We are pleased to work with Visa to bring more U.S. consumers the benefits of faster payments."

“Visa’s focus has always been to offer fast and convenient payments to financial institutions and their card holders. With Visa Direct, we can deliver on that goal by leveraging the existing payments infrastructure to allow anyone to make secure P2P payments within seconds,” said Jack Forestell, senior vice president of global product, Visa Inc. “We are very excited to work with Early Warning to expand the reach of their P2P service which will greatly benefit their member financial institutions and their members’ customers.”

Visa Direct is a secure payments platform that allows financial institutions, developers and partners to offer real-time person-to-person (P2P) payments and business disbursements to and from any enabled debit card in the US. The Visa Direct platform is available in more than 200 markets around the world and can be potentially used to reach more than three billion consumer card accounts. Available as part of a comprehensive Visa Direct API library, financial institutions and technology partners can quickly build real-time payment solutions through a feature-rich suite of web services on the Visa Developer Platform. More information about the Visa Developer Platform can be found at https://developer.visa.com/

About Early Warning
Early Warning is creating the future of payments by delivering innovative payment and risk solutions to financial institutions nationwide. For over 25 years, Early Warning has been a leader in financial technology that protects and advances the global financial system. Learn more at earlywarning.com.

About Visa Inc.
Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit https://usa.visa.com/about-visa