TodayPay Inc., a technology company pioneering a new category in payments called Refunds as a Service, announced that it has joined the Visa Fintech Fast Track Program.
This provides TodayPay with the ability to speed up the process of integrating with Visa, allowing it to harness the reach, capabilities, and security of VisaNet, Visa’s global payment network.
“TodayPay is the world’s first faster payment solution helping merchants offer their customers a Better Refund™ alternative to the status quo, because it’s a refund that’s personalized, instant and available in multiple payment choices,” said Jeremy Balkin, Founder and CEO, TodayPay Inc. and former Head of Fintech for J.P. Morgan. “Visa is a world leader in digital payments and we’re honored that TodayPay has been invited to join their ‘network of networks’ through this initiative.”
“Time is money and the speed of a payment can change somebody’s life,” continued Balkin. “Approximately $1.4 trillion of refund payments flow through an inflexible, monolithic and broken part of the payments ecosystem. TodayPay is here to fix the problem.”
Visa’s Fintech Fast Track Program provides startups like TodayPay the ability to access Visa’s growing partner network, and experts who can provide hands-on guidance to help companies get up and running quickly. Learn more about Visa’s Fintech Fast Track program at Visa.com.
“Expanding access to financial tools and services is core to Visa’s purpose – uplifting everyone everywhere – and we’re excited to work with companies like TodayPay in bringing new solutions and approaches to this challenge,” said Patrick Williams, VP and Head of Accounts, Global and North America Fintech Partnerships, Visa. “By joining Visa’s Fintech Fast Track program, TodayPay gains access to Visa’s scale, security, reach and network of partners, which can help rapidly growing fintechs get to market faster.”
TodayPay has already generated significant traction with e-commerce merchants, marketplaces, insurers, investors, and the world’s leading payment technology companies, including Visa. Last week TodayPay emerged from Stealth at Money 2020 in Las Vegas where it was also featured as one of a handpicked group of companies that are “revolutionizing the world of money.”
The early success of TodayPay has been recognized across the industry already with TodayPay recently named a Finalist for Startup of the Year, with the winner to be named at this week’s US FinTech Awards in New York City.