Payment Rails launches global payout API for business payments

MM

Melisande Mual

12 Dec 2017 / 5 Min Read

Payment Rails’ white-label payment infrastructure allows businesses to effectively run their own in-house global payout solution without needing to build or manage it themselves, allowing them to focus on their core business. Key features of the white-label payout platform include:

  • Global bank account validation

  • Recipient Widget for capturing bank account details

  • Automated white-label emails to recipients

  • White-label recipient bank statement descriptors

  • Automated returned payment handling

Payment Rails, which launched into public beta in earlier 2017, has been working with businesses with diverse and complex payout requirements, including online marketplaces, share economy, affiliate networks and influencer platforms.

Payment Rails’ infrastructure leverages Blockchain and Ripple to optimize treasury and liquidity management, and allows businesses to send payments domestically and internationally through real-time networks, faster payment systems, international ACH, and global banking networks.

The platform also uses AI and machine learning to optimize payment routing based on speed, cost and FX rates. Payment Rails also incorporates AI and fuzzy logic for AML watchlist screening, and machine learning for fraud detection.

Countries:
MM

Melisande Mual

12 Dec 2017 / 5 Min Read

sign up banner
the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright