An October 2018 mandate from the European Commission for financial institutions to make immediately available funds delivered to consumer and commercial current accounts and provide nonbank payment service providers (PSPs) access to those accounts by way of APIs, has presented a business opportunity for Visa. The company will offer its Visa Direct business-to-business product to financial institutions. Visa Direct is built on Original Credit Transaction (OCT) funds transfer capabilities that push money to a payment card account. Transferred funds are debited from the senders account. Visa D...