FirstView Financial has announced its ability to facilitate Original Credit Transaction (OCT) push payments through its ProXe360™ platform in conjunction with VisaDirect and MasterCard MoneySend. As FirstView continues to build its PayTech strategies beyond prepaid card solutions, the robust platform now enables near real-time check replacement payments which are used for funds disbursements, trade payouts, affiliate and contractor payouts, expense reimbursements, rebates, insurance claims, and person-to-person payments.
Through ProXe360™ and the push payment capabilities of VisaDirect and MasterCard MoneySend, payouts may be accomplished in as little as 30 seconds, and may be sent to any eligible U.S. debit or prepaid card or a bank account. The convenient, cost effective fast and easy transactions are more traceable than traditional payment methods.
“Our ProXe360™ platform accommodates speedy payments for both check replacements and prepaid processing on one platform, in one place, which is increasingly important to customers in the healthcare and corporate payment segments,” according to Bob Raffo, President and CEO of FirstView.
FirstView’s ProXe360™ provides end-to-end compliance, ease of technical integration and simplified settlement for push payments. For beneficiaries receiving funds, set up is easy, and monies can be transferred to a card that most consumers already have on hand or an existing bank account, and then linked to their mobile wallet.
“Using OCT push payments is a big step in closing the time gap in payment processing so people and businesses can get paid immediately, which ultimately improves cash flow, and speeds the economy,” said Raffo.
About FirstView Financial
FirstView Financial is an innovative PayTech solution provider exceling at making the process of receiving and sending payments simple, seamless and instantaneous. Through its advanced technology platform and expert services, FirstView enables companies to create new revenue streams, reduce costs, increase security and improve efficiencies by streamlining payments and creating marketplaces that support person‐to‐person, business‐to‐business and/or business‐to‐consumer transactions employing API integration, debit cards, push to pay, alternative currencies and all financial network processing.