About the program
Reducing economic disparity can start at the local level. And Visa MDI Accelerate is focused on doing exactly that. By providing MDIs with depository funds, insights and solutions, we can help play an important role in increasing opportunity for more communities across the country.
Financing
Visa will invest up to $100 million via deposits with MDIs to help catalyze increased lending among these banks.
Insights
Visa will help provide MDIs with access to unique tools and data, including Visa’s Spending Momentum Index (SMI) and by supporting the National Bankers Community Alliance’s digital impact measurement platform.
Solutions
Visa will provide solutions designed for small businesses and families via Authorize.net and Visa’s digital learning platforms.
Visa is proud to support the mission of MDIs across the US
Bank of Cherokee County
Carver Federal Savings Bank
Citizens Trust Bank
First Independence Bank
IB Home
OneUnited Bank
Optus Bank
Texas National Bank
Unity National Bank
MDIs across the US
“Creating more equitable wealth distribution requires more inclusive opportunities for MDIs to uplift the communities they serve... This multi-faceted program will enhance the lending capacity of MDIs as well as empowering minority-owned and -operated banks to better serve their customers and communities."
— Nicole Elam Esq., President, National Bankers Assoc., Exec. Director, National Bankers Association Foundation
FAQ
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Visa believes digital payments can uplift lives for everyone, everywhere. Our access to resources, advocacy and expertise means we are able to collaborate with a wide range of society, business and government partners to support this mission.
In the U.S., Visa is applying its business solutions and working with partners to increase access to insights and resources to help reduce economic disparities and boost access and opportunity in communities of color. We are excited about the launch of the Visa MDI Accelerate program to support the critical role MDIs have played across the U.S. for decades.
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Visa MDI Accelerate will be a multi-year program.
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Please complete the contact form on this page.