Payload announces new payment solution powered by J.P. Morgan

By Edlyn Cardoza

Payload, a rapidly growing FinTech start-up, announced that it would take its powerful, integration-first inbound and outbound payment capabilities to the next level through a new relationship with J.P. Morgan. J.P Morgan has supported Payload’s new payment facilitator status, which Payload will utilise to deliver an innovative, unified, and API-driven FinTech platform.

“We are delighted to have been selected as Payload’s banking provider as they leverage our innovative payments solutions to unlock more advanced capabilities, while creating a more seamless experience for their customers. As the payments ecosystem evolves, J.P. Morgan is committed to harnessing innovative technologies to deliver industry-leading solutions for companies of all sizes and every stage of growth,” said James Carlin, Managing Director, Midwest – Technology & Disruptive Commerce, J.P. Morgan Commercial Banking.

Payload’s flexible payment platform aims to tackle the more complex payment workflows of industries like real estate, insurance, and legal payments, among other verticals, that the traditional FinTech industry has struggled to support. Payload will now be among a small community of FinTechs offering ACH, Card Network, and Real Time Payments (RTP) through a unified API platform.

“This new solution, powered by J.P. Morgan, will unlock our ability to deliver disruptive payment capabilities to the real estate industry and other industries that suffer from rigid and manual payment workflows,” said Ryan Rybolt, CEO of Payload. “Many industries haven’t benefited from the payment digitisation era because of numerous constraints that we aim to overcome with our new platform and capabilities. We believe having access to J.P. Morgan’s industry expertise and analytics will help inform our expansion strategy.”

Payload is a financial technology platform that automates the flow of incoming and outgoing payments across numerous industries. In 2020 Payload launched an initiative to digitise traditionally manual Earnest Money Deposits (EMD) for real estate transactions. Since then, Payload has expanded to encompass all real estate transactions, including agent invoicing and closing disbursements. Payload’s revolutionary payment technology was created to enhance security and save time and money.