Past sibos: Toronto 2017

Powering Global Mass Payouts: Payment Rails and #Paid

17 October 2017
09:00 to 09:30
Main conference session FinTech Theatre
Co-Founder & Chief Product Officer
Payment Rails
VP Finance
#paid

#paid, the world’s leading influencer and collaboration platform, partnered with Payment Rails, a global payout API platform, to solve a major pain point: paying their growing influencer network around the world in a low cost and automated manner.

Sending hundreds of low value payments by bank wire each month was costly and time consuming, and via PayPal was also costly for the recipient and also had another set of challenges. #paid needed a fully integrated solution that would reduce process time, reduce costs, and improve the customer experience. Integration time was also important. #paid was able to integrate with Payment Rails in less than 1 day by simply copy and pasting a few lines of code.

Payment Rails global payout infrastructure allows #paid to send payments domestically and internationally through: Real-time Networks, Faster Payment Systems, International ACH, Global Banking Networks In 150+ currencies to 200+ countries with real-time and transparent FX rates.
Payment Rails’ utilizes AI to optimize payment routing based on speed, cost, partner, and FX rates. Payment Rails also incorporates AI and fuzzy logic for AML watchlist screening, and machine learning for fraud detection to deliver one of the most advanced payment platforms for businesses available.

Tracks
FinTech
Main conference session
17 October 2017
09:00 to 09:45
Main conference session SWIFT Institute
Main conference session
17 October 2017
09:00 to 09:45
Main conference session SWIFT Auditorium