ConnexPay and Payouts Network launches Push-to-Card technology

By Delisha Fernandes

ConnexPay, the payments technology company, has announced its partnership with Payouts Network, a FinTech. Through this partnership, ConnexPay aims to launch a new functionality that will enable payouts via Push-to-Card modalities.

The new functionality will benefit businesses by eliminating the need for traditional payment methods like checks and ACH, which can take days to clear and have limited settlement visibility. With Push to Card, settlements to the recipient occur in real time, and businesses have full visibility into all transactions.

“This partnership is a natural fit for us, as both companies are committed to providing innovative and reliable payment solutions,” said Payouts Network CEO Keith Smith. “We look forward to working with ConnexPay to bring our Push-to-Card solution to businesses across various verticals.”

The new functionality will be available to all ConnexPay customers and will also help accelerate the company’s expansion to reach more customers across the gig economy, insurance industry, as well as other dimensions of the travel industry.

Bob Kaufman, Founder & CEO of ConnexPay said, “ConnexPay’s partnership with Payouts Network demonstrates our commitment to delivering innovative solutions that meet the evolving needs of our customers. With Push to Card, ConnexPay is poised to offer a new payment process to our customers that is efficient and secure, further enhancing our position as a leading payments provider.”

Kaufman added “We’re excited about the growth and retention opportunities that this partnership will bring to our business. “Our customers are already using technology that is at the forefront of PayTech, and this new addition will make their payments much faster, while helping us serve more companies.”