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Used by financial institutions around the world, Visa DPS will be a key component of Figure’s online banking service, known as Banking in a Box. Fintech, or banking services. Through Figure Pay, businesses can leverage Provenance Blockchain, a production blockchain specifically built for the financial services industry, to bring innovative payments, banking and card solutions to market quickly.
Having worked in this field for many years, I knew there was an opportunity to build a streamlined issuance processor product on better commercial terms. Tony Morosini, General Manager of Figure Pay. We have everything a partner needs technology, banking relationships, operational components to make noise in this industry. It will help us strengthen our Banking in a Box service for banks.
Visa DPS believes that the right payment strategy has the ability to go far beyond processing payments, improving efficiency, increasing revenue and helping businesses become more differentiated in their category. said. Todd block man, SVP and Global Head of Issuance Solutions for Visa. Through our strategic collaboration with Figure, we are pleased to harness the value of blockchain to provide more efficient financial services to our retail, banking and fintech clients.
Banking in a Box is a platform built on the open-source blockchain, Provenance Blockchain. Blockchain will replace the traditional core banking system and offer Figure customers the economics of a zero-cost core system. ACHreward platform.
The platform also offers dynamic approval routing that allows partners’ customers to authorize against cash balances, reward balances, and invoke Buy Now Pay Later (BNPL) on transactions when credit is approved. To do. No extra cost.
Francis Bignell
