The global uptick of Account to account (A2A) transfers has formed a trend that the U.S. is beginning to follow. A2A can disburse funds immediately with a wide application of uses from insurance payouts to cash outs from apps such as Venmo. Merchants can save on overhead interchange costs by accepting and encouraging customers to utilize A2A over debit and credit cards. A2A users can harness more control over their consumer data and choose specifically what to share with specific merchants and fintechs. Banks of all sizes can empower their customers with A2A capabilities and can rely on third party fintechs to provide the user experience.
In this webinar, we help to answer if it is worthwhile for merchants to accept A2A payments and if it is potentially harmful for banks’ revenue to support these payments.