Finix, a cutting-edge payments technology provider, has launched Payouts, a standalone product set to transform large-scale money movement for businesses across diverse industries. Payouts streamline the complex landscape of disbursement processes, offering a single, developer-friendly API for efficient fund transfers, whether businesses are leveraging Finix’s broader payments platform or not.

The challenges associated with sending funds at scale, including intricate technical integrations, manual operational workflows, and delays in approvals and integrations, are now alleviated with Finix Payouts. This innovative solution caters to a myriad of use cases such as B2B account payables, gig economy wages, insurance claims, tax refunds, sales commissions, tips, contractor payouts, and more.

Richie Serna, CEO and co-founder of Finix emphasized, “With Finix Payouts, companies of all sizes can get started in a few hours, configure their payment flows and methods to satisfy their business needs, help alleviate complications and intermediaries, and start sending money without spending an extensive amount of time or resources. Instead, they can focus on what matters most: their product, customers, and business growth.”

Pathward®, N.A. and Pathward Financial, Inc., represented by Anthony Sharett, President, expressed pride in deepening their partnership with Finix and jointly expanding accessibility to the financial system. Finix will leverage the capabilities of Mastercard Send™ and Visa Direct to facilitate card-based payouts, enabling U.S. businesses to promptly transfer funds to bank accounts or eligible cards.

Key features of Payouts include 24/7 card payout availability, real-time bank account validation, flexible payment maximums based on industry, an all-in-one platform for ACH, real-time payments, and card transfers, embedded compliance checks, and reliable, detailed reporting tools.

Silvana Hernandez, Executive Vice President of Product and Engineering, North America, Mastercard, noted, “By working with Finix, we’re helping businesses meet the demands of our always-on digital world, enabling them to seamlessly integrate Mastercard Send into their day-to-day operations to move money safer, faster and more efficiently.”

Yanilsa Gonzalez-Ore, North America Head, of Visa Direct, added, “This collaboration reflects our shared commitment to streamlining global money movement, and we’re excited to bring streamlined disbursement capabilities to more businesses across the U.S., enabled by Visa Direct.”