Checkbook, an all-in-one payments platform, has entered into a strategic collaboration with Visa, a global leader in digital payments.
The partnership aims to expedite disbursements to businesses, institutions, and individuals across a multitude of endpoints nationally. This collaboration is designed to leverage Visa Direct for real-time payments, enhancing the ability of Checkbook’s customers to send and receive funds swiftly and effortlessly.
Checkbook offers a modern payments platform that simplifies the sending of payments to just an email address or phone number. This system eliminates the need for recipients to create accounts, log in, download apps, or share sensitive bank details, streamlining the payment process significantly. Visa, on the other hand, provides a global payment network, Visa Direct, which facilitates the transfer of funds to over three billion eligible cards and bank accounts worldwide, showcasing a remarkable reach and efficiency in global money movement.
This latest partnership builds on the previous collaborations between Checkbook and Visa, including Checkbook’s participation in the Visa FastTrack program in 2021 and the integration of Visa’s Virtual Card solutions. By implementing Visa Direct, Checkbook is now able to offer businesses a more efficient way to disburse payments to individuals and other businesses quickly and securely.
The collaboration is set against a backdrop where businesses and consumers increasingly demand immediate access to funds, whether for insurance claims, wages, or rebates. Visa Direct’s global reach and Checkbook’s innovative payment platform combine to offer a solution that meets these demands by providing quick, convenient, and secure payment options.
Checkbook’s CEO and Founder, PJ Gupta, emphasized the goal of providing a comprehensive suite of modern payment options through a single API, stating, “Our goal at Checkbook has always been to offer our customers a comprehensive suite of modern payment options with a single API.
“By offering real-time payments through Visa Direct, we are enhancing our customers’ ability to send and receive fast payments seamlessly.”
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