“If you think about how are made today, at worst, it is checks, and at best, it’s ACH, which still takes a couple of days,” said Vantiv’s SVP of Product Scott DeAngelo in a recent conversation with Karen Webster and Visa’s Head of Push Payments, Cecelia Frew. Visa and Vantiv would like to change that, and they have a pretty simple plan: Give SMBs a reason to get - and use - debit cards by making them the access tool for faster settlement payouts. While debit cards have been accessible to small- and medium-sized businesses (SMBs) with business checking accounts, they’re not among the most heavily leveraged tools in the entrepreneur’s toolbox. Some businesses may have declined the option to get a debit card with their business account, and those that did get one may have it tucked away somewhere safe without plans to use it much.
