From our annual ranking of the 100 largest US debit card issuers, 42 financial institutions reported transactions involving Mastercard Send and Visa Direct for 2023. Transactions from the issuers shown here totaled 2.71 billion last year.

Mastercard Send and Visa Direct are business-to-consumer and consumer-to-consumer funds transfers pushed over the card networks to a recipient’s debit card account in 30 minutes or less. There are two types of Mastercard Send and Visa Direct debit card transfers, outflows and inflows. Outflows are Account Funding Transaction...