US-based Checkbook.io, an end-to-end online payments processor, has joined Visa’s fintech fast track programme.
Checkbook, founded by former Visa chief network architect PJ Gupta, provides virtual credit cards in the form of a unique 16-digit number with a pre-determined spending limit fit for one time use that would be sent to the recipient via email.
As a member of Visa’s fintech fast track programme, Checkbook will be able to integrate with Visa more quickly and leverage the reach, capabilities and security of VisaNet, Visa’s global payments network.
In May, Visa reported that its fast track programme had grown to more than 140 fintechs companies as interest in payments spiked internationally.
Gupta commented: “Visa has given Checkbook great impetus! To think that this was just an idea until six months back and we are now ready to go to market with a transformative product. Fast track helped us get up and running faster, and scale efficiently in this endeavour.”
Angelos, senior vice president and global head of fintech at Visa, said: “By joining Visa’s fast track program, exciting fintechs like Checkbook gain unprecedented access to Visa experts, technology, and resources. Fast track lets us provide new resources that rapidly growing companies need to scale with efficiency.”