FV Bank has announced the launch of its new debit cards and corporate expense cards, in what it claims to be the first vertically integrated payments solution in partnership with Visa.
Regulated by the Office of the Commissioner of Financial Institutions (OCIF), Puerto Rico, USA, FV Bank is a global digital bank and digital asset custodian. The company offers depository accounts, payment services, digital asset custody, and VISA card issuance.
USD, USDC, and conversion of other digital assets
The US-licensed bank and digital asset custodian teamed up with the global payment network to provide individuals and businesses with seamless access to FV Bank fiat and digital asset custody balances offering global payment convenience and enhanced financial flexibility.
According to the announcement, customers have multiple ways to fund their VISA debit cards, including:
● USD
● USDC stablecoin deposits, with auto-conversion
● Conversion of digital assets held in custody accounts like Bitcoin (BTC), Ethereum (ETH), USDC, USDT, POL, DOGE, and DOT directly to USD using FV Bank’s Convert feature
Banking solutions for both traditional and digital assets
Miles Paschini, CEO and co-founder of FV Bank, said: “We are very pleased to introduce our new Visa debit cards to FV Bank’s international client base, which will provide our customers with easy access to their funds worldwide and greater payment flexibility. This marks a significant milestone in our commitment to offering innovative and integrated digital banking solutions for both traditional and digital assets.”
Luis Guerra, Country Manager at Visa Puerto Rico, said: “We are very pleased to work in partnership with FV Bank to launch the new Visa debit and corporate expense cards, available worldwide to international customers. These two types of credentials, Debit and Corporate, leverage FV Bank’s digital banking capabilities and its benefits for consumers, both individuals and businesses. These cards provide seamless access to FV Bank and offer global payment convenience and enhanced financial flexibility.”
Available to both U.S. and international customers and businesses, the individual debit cards and corporate expense cards can be used worldwide, providing individuals and businesses with seamless access to their FV Bank fiat and digital asset custody balances offering global payment convenience and enhanced financial flexibility.
As a principal member of VISA, FV Bank Visa debit cards support transactions across millions of merchants and ATMs globally, allowing for payments via magstripe, chip, and contactless options.
Additionally, cardholders can manage their accounts through FV Bank’s online banking portal or mobile app, where they can view transactions, set spending limits, change PINs, and disable transactions with ease.
Corporate expense cards offer full control and oversight of employee expenses
The corporate expense cards provide businesses with an advanced financial solution for managing corporate funds, offering full control and oversight of employee expenses. Businesses can order cards for authorized users, set individual spending limits, and track transactions in real-time through FV Bank’s platform.
FV Bank’s new VISA debit cards allow customers to:
● Pay online, tap or swipe at merchants around the world.
● Withdraw cash from ATMs globally.
● Spend funds in real-time from their linked FV Bank USD accounts, making it easier to manage finances on the go.
