SAN FRANCISCO—Visa said it is now partnering with Fundbox, an embedded working capital platform for small businesses.
The first step in the collaboration is the launch of the Fundbox Flex Visa Debit Card, issued by Pathward, which helps small business customers better manage their cash outflows, Visa stated.
In addition to the Fundbox Flex Card, Fundbox and Visa reported they will work together in the coming months in an effort to introduce a series of new payment products, including a buy now, pay later solution for small businesses looking for flexible payment options when making purchases, and a push-to-card transfer option for instant fund disbursement through Visa Direct, Visa’s real-time money movement network.
‘More Resilient’
“Small businesses that embrace digital tools tend to be more resilient and better able to compete,” said Jack Forestell, chief product officer with Visa. “As Visa continues to work towards digitally enabling 50 million small businesses by 2023, we’re excited to be teaming up with Fundbox to bring a range of new, digital offerings to the market from cards to installments to disbursement.”
“Fundbox Flex Pay is a spend management solution that helps business owners manage payables while providing flexibility around how and when to fund expenses,” stated Visa. “Fundbox has seen significant growth and quick adoption of the product, and reports payment volume increasing over 80% quarter-over-quarter, and the median active customer using it over five times a month.”
It’s the Best Source of News in Credit Unions. And It’s Free!
Don’t forget to check your Spam/Junk email folder if you haven’t been receiving your free, popular and daily CUToday.info news headlines.
And if you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time.
CUToday.info has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe.
The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices.
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.