Financial News
Astra and Alloy Partner to Streamline Payment Integrations
New partnership will allow businesses to easily enable Visa Direct and bank transfers
Astra, a leading provider of infrastructure for faster payments, today announced a partnership with Alloy, the identity risk management company, to streamline the onboarding process for existing Alloy customers to leverage Astra’s advanced transfer technology in their applications.
“Astra and Alloy both aim to make the business of building fintech products and integrating faster, secure payments easier. By working together, we can improve the overall developer experience and help enterprises accelerate their time to market,” said Gil Akos, CEO and co-founder of Astra. “With Alloy’s identity risk solutions, businesses can confidently onboard verified customers. Paired with Astra’s best-in-class payment technology, more product owners and consumers can leverage accelerated settlement of funds.”
Debit transfers are a convenient and secure way for businesses to send money to their customers. Yet, many organizations face overwhelming and unnecessary complexities in successfully facilitating them. With Astra’s platform, businesses can effortlessly create and send debit transfers to their customers’ bank accounts. Astra also offers a variety of features that make it simple for businesses to manage the lifecycle of payments, including a dashboard where they can track payment status and monitor transfer activity.
“We’re thrilled to partner with Astra to help businesses offer faster payments,” said Brian Bender, VP of Strategic Alliances at Alloy. “Alloy’s identity risk management platform will help businesses quickly and safely onboard genuine customers and start offering debit transfers, without taking on additional risk.”
As a result of this partnership, more businesses can now offer debit transfers and Visa Direct payments, improving customer experience and the growth of their business by freeing up critical developer time and resources.
About Astra
Astra offers advanced payment infrastructure, powering faster transfers for fintech products, financial institutions, and enterprises. Astra’s proprietary, vertically-integrated API enables developers to offer instant payments and accelerated bank transfers, with built-in optimizations to reduce risk.
For more information, visit https://astrafi.com
About Alloy
Alloy solves the identity risk problem for companies that offer financial products. Today, nearly 500 banks and fintechs turn to Alloy’s end-to-end identity risk management platform to take control of fraud, credit, and compliance risk, and grow with confidence. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230613784082/en/
Contacts
Astra Media Contact
Aileen McNelis
NextTech Communications
amcnelis@nexttechcomms.com
Alloy Media Contact
Kylee Sibilia
Alloy
kylee@alloy.com
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.