EML’s FINLAB Invests In Interchecks & Ignites International Expansion Aspirations

EML PAYMENTS LIMITED is delighted to confirm its strategic partnership and investment in payout start-up Interchecks Technologies, Inc. via its new FINLAB FinTech incubator. This partnership allows Interchecks to put global expansion into Europe and Australia on the table while expanding EML’s payout options in the United States.

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EML’s FINLAB Invests In Interchecks & Ignites International Expansion Aspirations

Customers and prospects of both companies can provide a suite of robust payout options while taking advantage of other significant value add features such as 1099 Compliance, Split Payments and Recipient Fee Modelling. Additionally, a white-label portal for customers and their payees is available to allow for quick payments, file uploads, real-time analytics, dynamic billing, tools for servicing and on-demand reporting. For clients who want to avail of direct integration into their existing portals or apps, a comprehensive suite of elegant RESTful APIs will allow them to custom create their own empowering user experience.

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The Deal Makes Sense on Several Fronts:

• EML provides a trusted partner for the provisioning of prepaid card payments with General Purpose Reloadable (GPR) solutions covering plastic, virtual and tokenised payments into the Interchecks platform.
• EML provides a new sales force that can more widely distribute, consult and implement with Interchecks for businesses seeking a seamless and engaging payout experience.
• Through EML’s investment, Interchecks can expand into large new markets like Europe, the UK and Australia.

“Interchecks’ strong relationship with EML allows us to incorporate several new features into our payouts platform, including a platform-wide instant issue reloadable prepaid card. This new payment account can be funded by any payer on our platform and used by our recipients in place of a standard bank account. Also, EML gives Interchecks a pathway to implement our international strategy as we continue to build out a global payouts platform,” explained Bob Chevlin, Interchecks’ Co-Founder & Chief Product Officer.

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