Checkbook, a leading all-in-one payments platform, today announced the successful expansion of its Global Push-to-Card feature powered by Visa, a global leader in payments.
This strategic enhancement means Checkbook customers can use Visa Direct to deposit funds to bank accounts linked to over 4 billion debit cards in real-time1.
For businesses, the faster availability of funds means improved cash flow management and operational efficiencies. Companies can now make immediate payments to their global freelancers and gig workers upon job completion, enhancing worker satisfaction and loyalty. Additionally, businesses that rely on quick settlement of transactions, like insurance or consumer refunds, can now meet customer expectations for rapid service.
Checkbook's Global Push-to-Card service is now live in multiple countries, with plans to extend its reach further in 2025. This launch significantly enhances Checkbook's international footprint, aligning with the company's mission to provide seamless, real-time1 payment solutions for businesses worldwide.
The expanded service utilizes Visa Direct’s extensive network, which offers access to 4 billion eligible cards. TipHaus, a Checkbook customer that offers automated solutions for tip pooling, tip distribution, and tip sharing, is one early adopter of Global Push-to-Card. The feature is especially beneficial for the service industry, where real-time1 processing of tips is essential.
"Checkbook's push-to-card payments have revolutionized the way we manage payouts, providing real-time1 solutions that scale effortlessly," said Leif Magnuson, CEO of TipHaus.
PJ Gupta, CEO and Founder of Checkbook, added: "Our collaboration with Visa Direct has enabled us to offer customers unparalleled access to fast, secure international payments. The success we've seen with clients so far underscores the growing demand for efficient cross-border payment solutions. We're excited to continue driving innovation in this space."
Visa also highlighted the significance of the collaboration. Yanilsa Gonzalez-Ore, SVP, Money Movement North America, Visa, said: "In today's world, both in business and daily life, speed and transparency have become essential expectations rather than luxuries.
“This has supercharged demand for real-time payments across all business segments, and Checkbook’s new Global Push-to-Card feature, which delivers real-time payouts into accounts through debit cards, is a great example.”
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, contact us to start the discussion on your payment needs
1Actual fund availability depends on receiving financial institution and region
View source version on businesswire.com: https://www.businesswire.com/news/home/20250204616565/en/
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