Press
News coverage, announcements, and releases from the Checkbook team.
Checkbook and Visa Collaborate to Maximize Instant Payment Availability
We're thrilled to announce a game-changing collaboration between #Checkbook and Visa, destined to redefine the way businesses, institutions, and individuals experience disbursements across the nation. Watch, Checkbook's CEO, PJ Gupta talk about the partnership in **[the link here](https://www.youtube.com/watch?v=JqdcBYO56Sw).** \ \ SAN MATEO, Calif.--(BUSINESS WIRE)--Checkbook, an all-in-one payments platform, today announced a multi-year collaboration with Visa aimed at expediting disbursements to businesses, institutions, and individuals across millions of endpoints around the country. “In today’s ‘always on’ world, businesses and consumers demand quick and convenient access to cash flow – whether paying insurance claims, disbursing wages, tips or rebates – speed and efficiency have become the name of the game” Post this This announcement builds on Visa and Checkbook’s incremental collaboration with Checkbook having participated in the Visa FastTrack program in 2021 and their Virtual Card program enabled by Visa. The latest collaboration, this time involving Checkbook’s implementation of Visa Direct, further strengthens the relationship and expands the solutions Checkbook is offering to businesses looking to disburse fast and seamless payments to individuals and other businesses. “Our goal at Checkbook has always been to offer our customers a comprehensive suite of modern payment options with a single API,” says PJ Gupta, CEO and Founder of Checkbook. “By offering real-time1 payments through Visa Direct, we are enhancing our customers’ ability to send and receive fast payments seamlessly.” “In today’s ‘always on’ world, businesses and consumers demand quick and convenient access to cash flow – whether paying insurance claims, disbursing wages, tips or rebates – speed and efficiency have become the name of the game,” said Yanilsa Gonzalez-Ore, North America Head, Visa Direct. “We’re proud to collaborate with companies like Checkbook that are helping to streamline global money movement and disburse funds quickly and securely with Visa Direct.” Fast payments optimize the way businesses send money to their customers and to each other. Examples include paying insurance claims, vendors and contractors, wages, tips and rebates amongst others. However, most organizations encounter unexpected complications and overhead in facilitating these payments. With Checkbook’s payments platform, creating and sending real-time payments directly to customers’ bank accounts through eligible cards is done via one simple API call. Checkbook also offers a broad feature set that helps make managing the payments lifecycle painless. Businesses can track payment status and monitor account activity from their dashboard or via Checkbook’s robust API. All these pieces contribute to the success of Checkbook’s product – a payment infrastructure tailored to meet customers’ payment needs when and how they need it. Visa Direct provides a single point of access and reach to 8.5B+ endpoints, helping transform global money movement by facilitating the delivery of funds to 3B+ eligible cards, 3B+ bank accounts and 2.5B+ wallets2 around the world. In Visa’s FY23 alone, Visa Direct surpassed 7.5 billion transactions. Checkbook customers are part of that, which helps save them time and resources. About Checkbook Checkbook enables businesses to send payments at scale. With Checkbook’s modern payments platform, customers can send payments with just an email address or phone number. Recipients do not need to create an account, log in, download an app or share sensitive bank account information. This saves time and money over traditional payment methods while providing a better experience for end users and our customers, helping them to make the pivotal transition from physical to digital payments. Today, Checkbook is powering the payments engine of many of the world’s largest financial services companies. For more information, visit https://checkbook.io \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 1 Actual fund availability depends on receiving financial institution and region 2 Based on data provided by wallet aggregators Contacts Jana Raghavan Head of Marketing 617-792-4557
Faster Payments To Relieve Inflation
Line, a subscription based service that provides interest-free cash advances for the financially vulnerable, has partnered with Checkbook to introduce new faster payment options for its customers. Checkbook is a secure payment solution that offers businesses a simple and secure way to disburse payments at scale. They provide a single API to fintechs like Line to send payments using a variety of different methods e.g. Push to Card (Instant Pay), RTP(™) Real-time payments as well as ACH and Check21. Its white labelable solution has enabled Line Financial to scale rapidly to an annual run rate of millions of payments in less than a year.
Checkbook Delivers Faster Payment Disbursements For Government Age
Over the past two years, the fallout from a global pandemic has affected workers in every industry. For some – particularly those working in restaurants, bars, and other service sectors – restrictions and shutdowns have been especially difficult. As a result, government agencies have worked to address this problem, issuing essential grants and stimulus payments intended to help service workers, artists, and other at-risk sectors navigate the economic setbacks that they experienced.
Checkbook is Revolutionizing Payment Processing and Transforming a Billion-Dollar Industry
For decades, businesses and payroll companies have had to contend with slow and inefficient payment processing systems to disburse funds to employees, customers, and vendors. Even as companies continued to innovate in recent years, payment platforms remained stuck in the past with no way to connect the traditional methods to a new age of digital payments. With Checkbook, that connection has arrived.
Fiserv Adds Digital Checks to Payout Options
Financial services tech company Fiserv says it has expanded the portfolio of payout options for businesses using its Carat operating systems to include digital checks. According to a Wednesday (June 8) news release, the new offering is part of a collaboration with payments processor Checkbook, Inc. and “allows businesses that deliver mass payouts to offer additional choice, speed the delivery of funds to customers, and reduce operational costs associated with paper checks.”
Checkbook Secures $10M in Series A Financing Led by MassMutual Ventures
Checkbook Inc announced that it has closed $10 million in Series A funding led by MassMutual Ventures. IA Capital, JPMorgan Chase and Cross River Digital Ventures are also participating in the round along with previous other investors.
Checkbook’s Link to Plaid Looks to Bring Verification to Real-Time Payments
As the payments business moves toward faster settlement, verifying payor accounts becomes crucial, yet for non-card payments, “there’s a gap there,” notes Patricia Hewitt, principal at PG Research & Advisory Services LLC, a Savannah, Ga.-based payments consultancy.
Visa Expands Fast Track Program to Enable Next Generation of Fintechs to Rebuild the Global Economy
Visa is transforming B2B payments, a segment that represents $120 trillion in opportunity, in its work with Fast Track members in every corner of the world, including: Checkbook.
Some Digital Payment Innovators Still See Value In Checks
Kate Fitzgerald of PaymentsSource writes "Checkbook also leans heavily on paper check nomenclature and imagery, sending B2C payments via a text or email that opens to look like a check made out to the recipient."
How Small Business Can Leverage Digital Checks to Get Paid Faster
Giving the user various options — instant payments, direct deposits, and printed mobile — offers newfound freedom in the payment landscape that had been previously restricted in the customer’s domain.
How Small Business Can Leverage Digital Checks to Get Paid Faster - Nav
Jessie Bullis, owner of BBS Notary Services says, “I use Digital Checks for everything – my notaries, my bookkeeper, even my rents. It’s simple, and it’s quick. And that’s what I love about it.”
