Checkbook and Line are continuing to offer access to small loans to the underbanked, using Push to Card and other faster payment methods
Line, a subscription based service that provides interest-free cash advances for the financially vulnerable, has partnered with Checkbook to introduce new faster payment options for its customers. Checkbook is a secure payment solution that offers businesses a simple and secure way to disburse payments at scale. They provide a single API to fintechs like Line to send payments using a variety of different methods e.g. Push to Card (Instant Pay), RTP(™) Real-time payments as well as ACH and Check21. Its white labelable solution has enabled Line Financial to scale rapidly to an annual run rate of millions of payments in less than a year.
Focused on an underserved and often preyed upon community, Line knows how important it is to morally serve 100M+ people nationwide. With this partnership, they can help underbanked workers (such as gig and contract workers) securely gain access to funds in their bank accounts instantly. No more waiting for 3 days for ACH or paper Checks to arrive in the mail
“In high inflationary times, it is often the financially vulnerable who pay the highest price. We are delighted to be able to offer our customers instant access to potentially life saving funds without traditional credit checks or predatory interest at the click of a button,” said Akshay Krishnaiah, Line's founder and CEO.
“Digital Payments and access to affiliate payments offer a clear financial and operational advantage for businesses. Our partnership with Line opens the Checkbook platform to people who need it the most. We are so grateful for the opportunity to work with a company that is ethically serving a vulnerable community,” PJ Gupta, CEO, Checkbook.
About Checkbook:
Checkbook offers a seamless payments disbursement platform that allows any business to securely send digital payments with just three pieces of contact information. Businesses have a choice of options including Push-to-card (Instant Pay), Real-time Payments, ACH and Check21 with a single API call, with no recipient enrollment required.
About Line:
Line is building an inclusive modern financial network that allows individuals to establish trust and credit viability without needing Credit History, Credit Score, or Payslips. Line was founded and supported by a team of doers, makers, and hustlers who have built successful financial platforms for the underbanked and unbanked individuals worldwide.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220929005200/en/
Contacts
Kareem Yacout, Marketing department, +1-872-278-1523
Kyacout@checkbook.io
