Visa employees can receive approved reimbursements on eligible debit cards through Visa Direct instead of waiting for checks or traditional bank transfers
Payouts Network™ announced today that Visa employees can receive approved U.S. relocation reimbursements on eligible debit cards through the Payouts Network platform and Visa Direct. Employees can receive reimbursement funds quickly after expenses are approved, rather than wait for a check in the mail or a traditional bank transfer.
Payouts Network uses Visa Direct, Visa’s money movement network, to send approved reimbursements to an employee’s eligible debit card.Share
Payouts Network uses Visa Direct, Visa’s money movement network, to send approved reimbursements to an employee’s eligible debit card. Employees enter their card information on a Payouts Network page instead of sharing bank routing and account numbers for an Automated Clearing House (ACH) transfer. Their card information can be securely stored as a token, making future reimbursements easier. When funds become available depends on the card, the receiving financial institution and other factors.
“Relocating for work is a big life change, and employees often have significant expenses before they’ve even settled into their new homes,” said Keith Smith, chief executive officer of Payouts Network. “Once a reimbursement is approved, there’s no reason the employee should have to wait days to receive it. We’re helping Visa make that experience fast and easy for its people.”
A work-related move can mean paying upfront for travel, temporary housing, deposits and movers. Employees don’t always pay the full amount themselves, but when they cover expenses and wait to be reimbursed, the delay can add pressure to their finances.
Relocation reimbursements are one way businesses use Payouts Network. The platform also handles airline service recovery credits, insurance claims, rewards and incentives. With one integration, businesses can send payouts, communicate with recipients, set their own payment rules and track results.
