Checkbook and Visa partner to enhance instant payment access

By Delisha Fernandes

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.