PITTSBURGH, Pa. – PNC Bank, N.A., and Visa Inc. on Wednesday announced a renewed strategic collaboration that will further expand immediate payment capabilities available to PNC Treasury Management clients.
The initiative uses Visa Direct’s expansive U.S. network and PNC’s Treasury Management Platform to provide clients with access to differentiated payment capabilities, delivering streamlined and efficient money-movement and payment processes, a news release states.
“PNC’s enhanced collaboration with Visa meets a growing need among PNC’s corporate and commercial clients for faster, secure payments solutions,” said Sarah Billings, head of global payments for PNC Treasury Management. “Our clients have come to expect leading capabilities and expertise from PNC. Our strategic collaboration with Visa enriches PNC’s competitive set of offerings for our clients seeking reliable, scalable and cutting-edge payments solutions.”
There has been growing demand for faster payments across business-to-consumer and business-to-business use cases, the release states.
“Businesses today operate in a 24/7 environment, and they expect their payment capabilities to keep pace,” said Vira Platonova, global head of Visa Direct, Visa. “Our renewed collaboration with PNC is about empowering their clients with the modern tools they need to succeed. By providing access to real-time payment rails through Visa Direct, we can help them streamline operations and meet the growing demand for faster, more flexible digital payouts.”