Pushing Your Payments to a Faster Runway

Human beings have proven themselves to be good at million different things, but at the same time, there is little we do better than growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some milestones, with technology emerging as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the goods. The same has become more evident in recent times, and assuming one fintech partnership pans out just like we envision, it will only make that trend bigger and better moving forward.

ConnexPay, the first and only payments technology company that integrates payments acceptance and issuance inside a single platform, has officially partnered with Payouts Network to launch push-to-card technology for payouts. Talk about how the whole setup is likely to work, the payouts will be initiated by the payer, who “pushes” funds in real time to a payee’s account through their eligible Visa or Mastercard debit or reloadable prepaid card. Notably enough, the feature which separates this payment method from others is how it completes the entire transaction in real-time, and to do so, it just requires your name and email. Once the transfer is done, the technology uses a white-labeled flow to seamlessly capture the user’s data and store it for any future payments. Hold on, we are not done. Customers opting for the method in question can also conduct their payments around the clock.

When quizzed regarding the partnership, Bob Kaufman, Founder & CEO of ConnexPay, responded by saying:

“ConnexPay’s partnership with Payouts Network demonstrates our commitment to delivering innovative solutions that meet the evolving needs of our customers. With Push to Card, ConnexPay is poised to offer a new payment process to our customers that is efficient and secure, further enhancing our position as a leading payments provider.”

So far, ConnexPay’s primary payment modality has been virtual cards, except there are times when even these virtual cards aren’t available as an option. In such a case, push-to-card method can really save the day. An example of the same would be how you can use the method to pay gig-economy delivery drivers in real time, with the amount going straight to their bank account.

“This partnership is a natural fit for us, as both companies are committed to providing innovative and reliable payment solutions,” said Keith Smith, CEO of Payouts Network. “We look forward to working with ConnexPay to bring our Push-to-Card solution to businesses across various verticals.”

As for what made Payouts Network an ideal partner here, the answer resides within its cutting-edge platform, which transforms the complexity of payments into something economically feasible, highly secure, and also fully transparent so to deliver the speed, security, and control that is necessary in today’s competitive business environment. At present, Payout Network is optimizing payments across multiple industries, including travel, hospitality, insurance, financial institutions, and more.

Moving on to ConnexPay, founded in 2017, the company basically pioneered the concept of having two sides of the payment process — payments acceptance and virtual payments issuing — into a single platform with one contract and one reconciliation. By doing so, ConnexPay has eliminated the need for pre-funded accounts, reduced supplier risk, curbed the cost of accepting card payments, and enhanced the security around consumer spend.