- Highnote launches Instant Payments, leveraging Visa (V, Financial) Direct and Mastercard Move for real-time payouts.
- The new capability serves a variety of use cases, improving liquidity and payout operations.
- Instant Payments is part of Highnote's unified platform, offering integrated financial services.
Highnote has unveiled Instant Payments, a new capability designed to provide near real-time payouts from Highnote-issued cards to external debit and prepaid cards. This innovative solution leverages both Visa Direct and Mastercard Move to address the increasing demand for faster and more flexible disbursements.
The Instant Payments feature is embedded directly into Highnote's unified product platform, allowing businesses to streamline their payment operations by offering faster access to earnings. This integration supports various use cases, including gig worker payouts, employee tips, insurance reimbursements, and merchant settlements.
According to Kin Kee, CTO of Highnote, embedding on-demand disbursements into the issuing stack aids businesses in moving money more efficiently, reducing the complexities associated with legacy infrastructure. Unlike standalone solutions, Highnote's offering integrates issuing, acquiring, credit, and a general ledger, providing a comprehensive financial service solution.
The collaboration with Visa (V, Financial) and Mastercard underlines the commitment to enhancing money movement capabilities, enabling businesses to leverage secure infrastructures for reliable payouts. This is seen as a crucial step toward unifying outbound money movement, supporting various payment methods such as ACH, wires, RTP, FedNow, and stablecoin funding through a single API.
For further details about Highnote's Instant Payments, visit their website or contact their team. Highnote continues to redefine modern financial products by combining intelligent architecture with robust developer tools to deliver superior embedded finance experiences.
