Of the 100 largest US debit card issuers ranked in the Nilson Report’s annual survey, 48 reported transactions involving Visa Direct or Mastercard Send for 2022.

Mastercard Send and Visa Direct are business-to-consumer and consumer-to-consumer funds transfers delivered over the card networks to a recipient’s debit card account—in 30 minutes or less. Transactions in the US from the issuers shown here exceeded 2.27 billion last year.

The two types of Mastercard Send and Visa Direct debit card transfers are outflows—Accou...