Credit and debit cards remain the dominant method to pay for goods and services in the Western world, but their age is showing. Card payments take 1-3 days to settle, involve significant fraud and chargeback risk, and are expensive.
A new global payment infrastructure, beneficial to both merchants and consumers, is emerging. Real-time payment systems allow banks to move money directly from the accounts of senders into receivers’ and settle in seconds instead of days. Volt is leading this overdue evolution toward an instant, frictionless account-to-account future.
The opportunity to disrupt how we pay – with a next-generation payment network that is global, direct and real-time – is the reason we are committed to partnering with founders Tom Greenwood, Jordan Lawrence and Steffen Vollert.