Visa Introduces A2A Service to Enhance Bank Transfer Security and Flexibility

The new account-to-account payment system aims to provide consumers with better control, protection, and efficiency for recurring transactions.

Visa's A2A service will launch in the UK in early 2025, expanding to other European regions later.
The service allows users to set up and manage direct debits with enhanced security features like biometrics.
Consumers can easily monitor and dispute transactions through their banking apps, reducing unauthorized payments.
The initiative includes partnerships with UK banks and fintech firms to standardize and secure A2A payments.
Businesses benefit from near real-time settlements and improved cash flow management.