TodayPay has revealed that it has joined the Visa FinTech Fast Track Program, as it looks to speed up its integration with the global payments provider.
The partnership allows TodayPay to access Visa’s expansive partner network, tapping into the expertise of Visa’s professionals to expedite their market entry. TodayPay has already gained significant traction in the e-commerce, marketplace, insurance, investment, and payment technology sectors.
The firm’s recent unveiling at Money 2020 in Las Vegas showcased them as one of the select companies revolutionising the world of finance. The company has had significant early success, earning recognition as a finalist for Startup of the Year, with the winner to be revealed at the upcoming US FinTech Awards in New York City.
TodayPay Inc. is at the forefront of a new payments category called Refunds as a Service. They offer a unique and faster payment solution, delivering Better Refunds™ that are personalised, instant, and provide multiple payment options. TodayPay’s Founder and CEO, Jeremy Balkin, is a former Head of FinTech for J.P. Morgan.
Visa is a world leader in digital payments. Their Fintech Fast Track Program provides startups like TodayPay with access to Visa’s growing partner network and experts who offer guidance for a swift launch. This initiative aligns with Visa’s core purpose of extending access to financial tools and services worldwide.
Jeremy Balkin, founder and CEO, TodayPay Inc. and former Head of FinTech for J.P. Morgan, said, “TodayPay is the world’s first faster payment solution helping merchants offer their customers a Better Refund alternative to the status quo, because it’s a refund that’s personalised, instant and available in multiple payment choices. Visa is a world leader in digital payments and we’re honoured that TodayPay has been invited to join their ‘network of networks’ through this initiative.”
“TodayPay is honoured to join the Visa ‘network of networks’ through this initiative and transform payments together. Time is money and the speed of a payment can change somebody’s life. Approximately $1.4tn of refund payments flow through an inflexible, monolithic and broken part of the payments ecosystem. TodayPay is here to fix the problem.”
Patrick Williams, VP and Head of Accounts, Global and North America Fintech Partnerships, Visa, said, “Expanding access to financial tools and services is core to Visa’s purpose – uplifting everyone everywhere – and we’re excited to work with companies like TodayPay in bringing new solutions and approaches to this challenge.
“By joining Visa’s FinTech Fast Track program, TodayPay gains access to Visa’s scale, security, reach and network of partners, which can help rapidly growing fintechs get to market faster.”
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