Press release

Visa and Wave Join Forces to Improve Cash Flow Management for Small Businesses

Sponsored by Businesswire

(NYSE:V), and Wave,
the financial platform for millions of small business owners, today
announced a new, limited release payments solution that aims to
transform the way small businesses manage their cash flow and provide
merchants quicker access to funds. Utilizing Worldpay’s acquiring
platform, Wave’s new Instant Payouts feature integrates Visa Direct,
Visa’s real-time1 push payments solution, into Wave’s
comprehensive small business financial platform, enabling faster access
to money earned.

The ability to manage cash flow is critical to small businesses today,
with 79% of surveyed respondents citing wanting faster settlement and
81% saying they would pay to have this benefit2. In addition,
85% of small business respondents say they would switch to a new
merchant acquirer who offered real-time payments3. Through
their work together, Visa is helping Wave solve for these needs using
Visa Direct, so Wave can reduce settlement wait time by offering
real-time deposits to their customers.

“Small businesses depend on cash flow to survive, and often have to wait
two or more banking days for their payments to be processed through
traditional banking methods,” said Les Whiting, Chief Financial Services
Officer, Wave. “Our new Instant Payouts feature uses the scale that Visa
provides and the nimbleness of Wave. As a growing fintech, we are making
a meaningful impact on the way small businesses manage their money.”

“Visa and Wave share a common goal of providing small businesses more
convenient ways to manage their back office, as we both understand that
cash flow management and access to funds are crucial to small business
growth and success,” said Bill Sheley, Senior Vice President, Global
Head of Visa Direct, Visa.

Wave’s Instant Payouts feature is backed by the power and ubiquity of
Visa’s network, which helps enable secure, convenient, real-time4 funds
delivery directly to eligible Visa card holder account credentials. This
new feature is part of a suite of complementary solutions that Wave
offers to small business owners, and is fully integrated with the
Payments by Wave experience.

By combining Wave’s streamlined invoicing and payment solutions for
small businesses, Visa’s push payment technology and the power of
Worldpay’s acquiring platform, Wave customers are able to receive money
in real-time, even on evenings, weekends, and holidays. This is the
first of many efficiencies that Visa and Wave will look to create for
small business management in the future.

Instant Payouts is currently available to an early access group of Wave
customers, with plans to be released to customers across North America
in the coming months. For more information about Visa Direct, visit:

About Wave

Wave is an award-winning financial management software company that is
changing how entrepreneurs make money, move money and track money. They
provide solutions that empower small business owners to simplify their
finances while giving them more confidence to run their businesses. The
company has more than 3.7 million registered customers in over 200
countries around the world. Wave tracks more than $330 billion through
its accounting, invoicing, payroll, recurring billing, and payments
products. Visit to learn more about their products
and services.

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our
mission is to connect the world through the most innovative, reliable
and secure payment network – enabling individuals, businesses and
economies to thrive. Our advanced global processing network, VisaNet,
provides secure and reliable payments around the world, and is capable
of handling more than 65,000 transaction messages a second. The
company’s relentless focus on innovation is a catalyst for the rapid
growth of connected commerce on any device, and a driving force behind
the dream of a cashless future for everyone, everywhere. As the world
moves from analog to digital, Visa is applying our brand, products,
people, network and scale to reshape the future of commerce. For more
information, visit About
and @VisaNews.

1 Actual fund availability depends on receiving financial
institution and region. Visa requires fast-funds enabled issuers to make
funds available to their recipient cardholders within a maximum of 30
minutes of approving the transaction. Please refer to your Visa
representative and the Visa Direct Original Credit Transaction Global
Implementation Guide for more information.

2 Visa Funds Disbursements Research, Aite Group survey
commissioned by Visa of 154 North American SMB businesses, Q4 2017

3 See footnote 2.

4 See footnote 1.