The partnership between Visa and Checkbook, which began with Checkbook's participation in the Visa FastTrack program in 2021 and their Virtual Card program made possible by Visa, is strengthened with this announcement. The most recent partnership, which involves Checkbook implementing Visa Direct, deepens the partnership and broadens Checkbook's range of solutions for companies seeking to quickly and easily send payments to individuals and other companies.

According to PJ Gupta, CEO and founder of Checkbook, "our goal at Checkbook has always been to offer our customers a comprehensive suite of modern payment options with a single API." "With Visa Direct, we are enabling our customers to send and receive quick payments with ease by providing real-time1 payments."

Yanilsa Gonzalez-Ore, Head of Visa Direct's North America, said, "In today's always-on" world, businesses and customers need 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." "We're honored to work with organizations like Checkbook that are facilitating international money transfers and distributing funds swiftly and safely through Visa Direct."

Quick payments streamline how companies transfer money to one another and to their clients. Paying insurance claims, contractors, vendors, salaries, tips, and rebates are a few examples. Nevertheless, the majority of businesses run into unforeseen costs and difficulties while processing these payments. Using Checkbook's payments technology, all it takes is one easy API call to create and deliver real-time payments via eligible cards straight to consumers' bank accounts. A comprehensive feature set provided by Checkbook further facilitates the smooth administration of the payments lifecycle. Companies can use Checkbook's powerful API to monitor account activity and check the status of payments directly from their dashboard. Each of these components helps Checkbook's offering, which is a payment infrastructure designed to satisfy consumers' needs for payments at the appropriate time and in the most convenient way, succeed.

By offering a single point of access and reach to over 8.5 billion endpoints, Visa Direct contributes to the transformation of global money movement by making it easier to send money to over 2.5 billion wallets2, 3 billion eligible cards, and 3 billion bank accounts worldwide. Visa Direct achieved 7.5 billion transactions in just the fiscal year 2023. Among those who benefit from that are Checkbook clients, who use it to save time and money.