back Back

Checkbook and Visa partner to enhance instant payment access

By Delisha Fernandes

February 29, 2024

  • API
  • B2B E-commerce
  • Bank Accounts
Share

Checkbook, Visa, bank accounts,

Checkbook, a payments platform, has announced a collaboration with Visa aimed at improving the availability of instant payments for businesses, institutions and individuals across the country.

This announcement builds on Visa and Checkbook’s incremental collaboration with Checkbook, having participated in the Visa FastTrack program in 2021 and their Virtual Card program enabled by Visa. The latest collaboration, this time involving Checkbook’s implementation of Visa Direct, further strengthens the relationship and expands the solutions Checkbook is offering to businesses looking to disburse fast and seamless payments to individuals and other companies.

“Our goal at Checkbook has always been to offer our customers a comprehensive suite of modern payment options with a single API,” said PJ Gupta, CEO and Founder of Checkbook. “By offering real-time1 payments through Visa Direct, we are enhancing our customers’ ability to send and receive fast payments seamlessly.”

Fast payments optimize the way businesses send money to their customers and to each other. Examples include paying insurance claims, vendors and contractors, wages, tips and rebates, amongst others. However, most organizations encounter unexpected complications and overhead in facilitating these payments. With Checkbook’s payments platform, creating and sending real-time payments directly to customers’ bank accounts through eligible cards is done via one simple API call.

“In today’s ‘always on’ world, businesses and consumers demand quick and convenient access to cash flow – whether paying insurance claims, disbursing wages, tips or rebates – speed and efficiency have become the name of the game,” said Yanilsa Gonzalez-Ore, North America Head, Visa Direct. “We’re proud to collaborate with companies like Checkbook that are helping to streamline global money movement and disburse funds quickly and securely with Visa Direct.”

Checkbook also offers a broad feature set that helps make managing the payment lifecycle painless. Businesses can track payment status and monitor account activity from their dashboard or via Checkbook’s robust API. All these pieces contribute to the success of Checkbook’s product – a payment infrastructure tailored to meet customers’ payment needs when and how they need it.

Previous Article

February 29, 2024

Veriscape & Procurify to offer Spend Management in the Supply Chain Arena

Read More
Next Article

February 29, 2024

The Deep Dive: Cloud Account Takeover

Read More








IBSi Daily News Analysis

Web3, Indian market

April 16, 2024

API

Explosive growth in Web3: UAE and MENA region poised to lead crypto, DeFi, and Metaverse revolution

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Paystand integrates B2B Payments with Microsoft Dynamics 365 Business Central

Read More

Today

Orange Money & Jordan Post to boost digital financial services in Jordan

Read More

Today

Nium approved as a ‘Registered Financial Service Provider’ in New Zealand

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023