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NEW YORK, Oct. 30, 2023 ~ TodayPay Inc., a technology company pioneering a new category in payments called Refunds as a Service™, 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.
Jeremy Balkin, Founder and CEO of TodayPay Inc. and former Head of Fintech for J.P. Morgan said: "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."
He continued: "Time is money and the speed of a payment can change somebody's life. 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."
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Visa's Fintech Fast Track Program provides startups like TodayPay access to Visa's partner network and experts who can provide guidance to help companies get up and running quickly. Patrick Williams, VP and Head of Accounts for Global and North America Fintech Partnerships at Visa said: "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."
TodayPay has already generated significant traction with e-commerce merchants, marketplaces, insurers, investors, and leading payment technology companies including Visa. Last week they emerged from Stealth at Money 2020 in Las Vegas where they were 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 them recently named Finalist for Startup of the Year at this week's US FinTech Awards in New York City.
Jeremy Balkin, Founder and CEO of TodayPay Inc. and former Head of Fintech for J.P. Morgan said: "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."
He continued: "Time is money and the speed of a payment can change somebody's life. 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."
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Visa's Fintech Fast Track Program provides startups like TodayPay access to Visa's partner network and experts who can provide guidance to help companies get up and running quickly. Patrick Williams, VP and Head of Accounts for Global and North America Fintech Partnerships at Visa said: "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."
TodayPay has already generated significant traction with e-commerce merchants, marketplaces, insurers, investors, and leading payment technology companies including Visa. Last week they emerged from Stealth at Money 2020 in Las Vegas where they were 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 them recently named Finalist for Startup of the Year at this week's US FinTech Awards in New York City.
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