SHAZAM teams up with i-payout on instant payments
October 15, 2024
Company News
SHAZAM announced strategic partnership with i-payout, a financial technology provider, to expand real-time payment capabilities for global enterprises.
The collaboration combines i-payout’s experience in global payment disbursements with SHAZAM’s real-time payments technology. Together, the companies aim to improve the speed, efficiency and reliability of payment delivery.
“At i-payout, our mission is to advance payment solutions through technology while maintaining a strong focus on security and efficiency,” said i-payout CEO Eddie Gonzalez. “This partnership with SHAZAM reflects that commitment.”
This solution allows beneficiaries to access funds in real time, with payouts available in approximately 30 seconds. The solution addresses growing demand for instant payments, with industry data showing a majority of consumers prefer real-time options over traditional bank transfers. Faster settlement also allows businesses to improve cash flow, make data-driven decisions and scale operations more efficiently.
“Real-time payments are no longer optional in today’s economy,” said SHAZAM EVP and COO Terry Dooley. “By partnering with i-payout, we’re helping businesses move funds with the speed and certainty they need.”
The partnership also enhances regulatory compliance and security by leveraging the combined expertise of both organizations, helping reduce complexity for global customers. As real-time payments continue to grow, the collaboration positions both companies to meet evolving market demands.
“Working with partners like SHAZAM allows us to extend our technology and security capabilities to a broader audience,” Gonzalez said. “Together, we’re setting new expectations for real-time payments.”
About i-payout
International Payout Systems, Inc. (i-payout) is a global payment solutions and financial technology provider. Its platform enables businesses to send and receive payments worldwide in local currencies, supported by more than 17 years of experience in cross-border payments. Learn more at i-payout.com.
About i-payout
International Payout Systems, Inc. (i-payout) is a global payment solutions and financial technology provider. Its platform enables businesses to send and receive payments worldwide in local currencies, supported by more than 17 years of experience in cross-border payments. Learn more at i-payout.com.
About SHAZAM
SHAZAM, Inc. is an innovator in debit card transaction processing and a leader in the U.S. payments space. The independent, member-owned organization supports banks, credit unions, fintechs and other businesses by enabling the secure and efficient movement of funds across U.S. payment rail systems. For more than 50 years, SHAZAM has reinvested profits into products and services used daily by its clients. As real-time payments continue to evolve, SHAZAM remains focused on advancing the technology that powers fast, secure money movement.