Companies that build on Increase can now instantly deliver funds to Mastercard or Visa Cards
Increase, a modern banking core purpose-built to help technology companies store, move, and reconcile money, has expanded instant payments to include push-to-card transfers. This latest addition to the Increase platform enables companies to issue payouts, disbursements, and refunds directly to eligible Mastercard or Visa cards. The company also announced that Warren Brown has joined Increase as the General Manager of its card issuing solutions.
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“Push-to-Card payments help companies deliver a faster payout process to their end users for things like insurance claims, legal settlements, and refunds.”
“Push-to-Card payments help companies deliver a faster payout process to their end users for things like insurance claims, legal settlements, and refunds,” said Warren Brown, General Manager of Cards at Increase. “With Increase, companies can reach billions of eligible cards to instantly send funds at any time. And, if recipients don’t want to receive funds to an existing card, Increase’s virtual card, ACH, wire, FedNow, Real-Time Payments (RTP), and check solutions ensure that a platform can efficiently disburse funds in whatever form their customers desire.”
Increase’s Push-to-Card solution builds on the company’s existing instant payments offerings, including Real-Time Payments and FedNow. With these three rails, you can send money 24/7 with instant settlement. Key features include:
Fast and irrevocable transfers: Push-to-Card transfers deliver funds to eligible Mastercard and Visa cards in seconds, at any time of day. Unlike transfers over the ACH network, there are no returns or reversals once a transfer is sent.
Broad reach, global scale: Increase’s Push-to-Card solution reaches billions of eligible cards domestically and internationally, making it well-suited for platforms with diverse recipient bases.
Bare-metal network access: Increase connects to the card networks through redundant private leased lines, ensuring low latency, high reliability, and consistent availability for Push-to-Card transfers.
Unified accounts for every rail: With Increase’s infrastructure, platforms can use the same accounts to initiate and receive ACH, wires, checks, FedNow, RTP, and now Push-to-Card transfers.
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