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NewProducts

Send money cost-effectively, reliably

with proven card rails

time payments, and to cards with Mastercard Send
and Visa Direct, using Finix's single API.
• Embedded compliance: Receive necessary compli-
ance checks on recipients from Finix ahead of sending
money between parties.
• Comprehensive reporting: Manage payout services
using out-of-box tools, customizable reporting and
inix, a payments technology provider enabling detailed record keeping.
businesses to accept and send payments online or
in-person, launched Payouts, a solution designed Silvana Hernandez, executive vice president, product and
F to enable businesses to efficiently send money at engineering, North America, for Mastercard, pointed out
scale, regardless of whether they utilize the broader Finix that securely accessing funds is essential to today's digital-
paytech platform. first environment. "By working with Finix, we're helping
businesses meet the demands of our always-on digital
Richie Serna, CEO and co-founder of Finix, noted that busi- world, enabling them to seamlessly integrate Mastercard
nesses frequently encounter obstacles and delays when Send into their day-to-day operations to move money safer,
sending money at scale. faster and more efficiently," she said.

"Teams may face cumbersome technical integrations, man- Yanilsa Gonzalez-Ore, North America head at Visa Direct,
ual payment operation workflows, and cash flow challeng- noted that having a single point of access is critical to par-
es, which can create a reconciliation nightmare," he said. ticipating in today's global economy. "This collaboration
"With Finix Payouts, companies of all sizes can get started [between Visa and Finix] reflects our shared commitment
in a few hours, configure their payment flows and meth- to streamlining global money movement, and we're excit-
ods to satisfy their business needs, help alleviate complica- ed to bring streamlined disbursement capabilities to more
tions and intermediaries, and start sending money without businesses across the U.S., enabled by Visa Direct," she said.
spending an extensive amount of time or resources."
Full-stack payment processing
Noting that Payouts frees teams to focus on priorities, Ser- Finix representatives stated that the company is a full-stack
na went on to say that the solution can benefit a range of payment processor and infrastructure provider that pow-
business types and industries. Use Payouts to send funds ers startups to publicly traded companies such as Club-
directly to a bank account or payment card in real time, essential, Passport, Kabbage and other leading brands.
he said, noting the platform provides a simple way to send Leading software platforms, marketplaces, retailers, and
out wages, tips, tax rebates, insurance claims and other AP e-commerce businesses use Finix's universal payments API
scenarios. and dashboard to accept payments, automate workflows,

Mastercard, Visa rails enhance customer experiences, and quickly grow revenue,
they noted.
Using Mastercard Send and Visa Direct for card-based pay-
outs, Finix Payouts allows U.S. businesses to quickly send Finix's reliable, flexible platform is designed to give compa-
money to bank accounts or eligible cards, Serna stated, cit- nies and developers maximum control over payments from
ing the following features and benefits: low-code, no-code tools to flexible features that can en-
• 24/7 card payout availability: Disburse funds to cards hance product lines and payment capabilities, the company
stated. Businesses can select from hundreds of features to
in near real-time, depending on the participating fi-
nancial institution, 365 days a year, including week- configure the ideal payment solution, Finix added, noting
that its platform and technology suite are designed to scale
ends and holidays. with businesses and power their growth.
• Real-time bank account validation: Seamlessly link
to, validate bank accounts in real time. Company: Finix
• Flexible payment maximums: Customize disburse- Product: Payouts
ment limits, according to industry parameters, for
push-to-card and bank transfers. Website: https://finix.com
• All-in-one platform: Send payments via ACH, real- Contact: 712-369-4357

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