Fintech platform that automates the flow of incoming and outgoing payments, Payload has partnered with financial service solution provider JP Morgan to announce their new payment solution. The partnership will enable Payload to enhance its integration-first, inbound, and outbound capabilities by supporting its payment facilitator through an innovative, unified, and API-driven fintech platform.
James Carlin, Managing Director, Midwest – Technology & Disruptive Commerce, J.P. Morgan Commercial Banking said, “We are delighted to have been selected as Payload’s banking provider as they leverage our innovative payments solutions to unlock more advanced capabilities while creating a more seamless experience for their customers. As the payments ecosystem evolves, J.P. Morgan is committed to harnessing innovative technologies to deliver industry-leading solutions for companies of all sizes and every stage of growth.”
The adaptable payment platform from Payload intends to address the more complicated payment workflows of sectors like real estate, insurance, and legal payments, among others, which the traditional FinTech industry has found difficult to handle. Now, Payload will be able to provide ACH, Card Network, and Real-Time Payments (RTP) through a single API platform.
“This new solution, powered by J.P. Morgan, will unlock our ability to deliver disruptive payment capabilities to the real estate industry and other industries that suffer from rigid and manual payment workflows. Many industries haven’t benefited from the payment digitization era because of numerous constraints that we aim to overcome with our new platform and capabilities. We believe having access to J.P. Morgan’s industry expertise and analytics will help inform our expansion strategy.” Stated Ryan Rybolt, CEO of Payload.