Zenus Fast Funds is an advanced, cloud-native solution that is deployed via innovative APIs for maximum security and convenience. Fast Funds will transform the way you handle transactions, offering payments that are faster, more secure, and more reliable than ever before.
Fast Fund benefits
Fast Funds for businesses
Boost employee retention with fast, flexible earnings.
Small businesses are empowered with increased cash flow.
Deliver funds seamlessly for instant consumer payouts.
Fast Funds for end users
Real-time P2P transfers for smooth financial interactions.
Fast cross-border remittances connect families globally.
Easily transfer funds between accounts using debit cards.
Empower financial institutions
Fast Funds empowers financial institutions and credit unions by overcoming limitations imposed by traditional payment schemes. These constraints often hinder their ability to offer leading services, like real-time international transfers. Fast Funds provides instant local and international payments, boosting operational efficiency, competitiveness, and securing their market share.
Boost SME growth
Fast Funds supports SMEs and payroll companies handling crucial financial functions like tax payments, payroll, and B2B payments. By streamlining these operations, it addresses common pain points such as inconsistent pay timing and the admin burden of manual check issuance. Fast Funds fosters rapid, hassle-free payments, which accelerates efficiency, optimizes cash flow, and offers a competitive edge. Improve your customer experience by settling claims on the same day and optimize revenue collection with faster recurrent premiums.
Modernize government payments
Fast Funds radically transforms government payments by removing the limitations of outdated technology and high-cost traditional payment methods, known to create a poor customer experience. Our solution ensures seamless, secure payments, which enhances revenue management, fosters fiscal responsibility, and promotes economic stability. Ultimately, this benefits both citizens and the government.
Set up insurers for success
Zenus Fast Funds revolutionizes insurer operations by eliminating hurdles in efficiently disbursing insurance claims and eradicating the manual, expensive check processes. By offering real-time B2B and B2C payments, Fast Funds introduces a new era of prompt, efficient transactions within the insurance sector.
Frequently asked questions
Zenus Fast Funds is an innovative payment processing solution designed to provide businesses with rapid and secure access to global financial transactions. By harnessing state-of-the-art payment infrastructure and technologies, Fast Funds allows businesses to conduct instant and highly secure transactions, regardless of geographical boundaries.
A payment processor is a financial entity that facilitates electronic transactions between businesses, customers, and financial institutions.
Visa Direct is a cutting-edge payment service offered by Visa that enables the quick, secure, and global transfer of funds. It functions as a fast and convenient way to send money directly to a recipient’s card (both Visa and Mastercard are eligible endpoints), even if they are in a different part of the world.
Zenus Fast Funds leverages the power of Visa Direct to provide businesses with a seamless and efficient payment processing solution. When you use Fast Funds, Visa Direct acts as the backbone, facilitating the transfer of funds in a matter of seconds. Here’s how it works:
- Initiation: The payment process begins when a business or individual initiates a transaction. Authentication: The Fast Funds platform communicates this to the Visa Direct network, which verifies the transaction’s details and the availability of funds.
- Authorization: Once Visa Direct confirms that the transaction is legitimate and there are sufficient funds, it provides the authorization to proceed.
- Transfer: Visa Direct then securely transfers the funds to the recipient's Visa card, regardless of their location, ensuring near-instant access to the money.
In essence, Fast Funds greatly simplifies the integration and utilization of Visa Direct for businesses, allowing them to take advantage of Visa’s global payment infrastructure to send and receive payments securely and quickly. This collaboration between Fast Funds and Visa Direct empowers businesses to offer efficient local and cross-border payment solutions to their customers. This helps organizations stay at the forefront of modern payment processing and provides convenient payments services to consumers.
Recipients can access funds sent via Fast Funds with remarkable speed. The processing times for our solution are designed to provide near-instant access to transferred funds. In most cases, recipients can expect to access the funds within seconds to minutes after the transaction is initiated. This swift processing time ensures that payments are not just secure but also incredibly convenient, making Fast Funds an ideal choice for businesses and individuals who require rapid access to their funds. Please note that specific processing times may vary depending on various factors, including the recipient’s financial institution and local banking processes, but Fast Funds is optimized to expedite the transfer process as efficiently as possible.
Fast Funds is a versatile solution that can benefit a wide range of businesses and industries. It is particularly advantageous for businesses that require rapid and secure payment processing. This includes, but is not limited to:
- E-commerce platforms: Online retailers and marketplaces can benefit from Fast Funds to offer seamless and secure payment options to customers.
- Financial institutions: Banks, credit unions, and other financial institutions can use Fast Funds to provide real-time payment services to their customers.
- Insurers: Insurance companies can streamline claims processing and disburse settlements more efficiently using Fast Funds, providing policyholders with rapid access to funds.
- Fintech startups: Fast Funds can be a valuable component for emerging financial technology companies looking to offer innovative payment solutions.
- Service providers: Businesses offering services such as gig economy platforms, freelancers, and consultants can use Fast Funds for quick and reliable payments.
- Cross-border businesses: Companies engaged in international trade can benefit from Fast Funds to streamline cross-border payments.
- Mobile payment apps: Apps offering mobile payments, peer-to-peer transfers, and digital wallets can enhance their services with Fast Funds for real-time transaction capabilities.
- Subscription services: Businesses with subscription models can enhance customer satisfaction by using Fast Funds for recurring, instant payments.
Healthcare providers: Healthcare organizations can improve the efficiency of billing and payments with Fast Funds. These are just a few examples, and the adaptability of Fast Funds means it can be tailored to meet the unique payment processing needs of various businesses across different sectors. Whether you're in finance, retail, e-commerce, or any other industry, Fast Funds can help streamline your payment processes and enhance the overall customer experience.
Payments processed through Fast Funds are highly secure. Our platform employs robust security measures to safeguard your financial transactions. These measures include state-of-the-art encryption technologies, multi-factor authentication, and continuous monitoring for suspicious activities. Your data and funds are protected with the utmost care, ensuring that your payments are conducted in a secure and trustworthy environment. Additionally, our compliance with industry standards and regulations further enhances the security of your transactions.
Yes, Fast Funds is available for international payments, making it possible to send and receive funds across borders. Fast Funds provides access to numerous countries and regions worldwide, including the United States, Canada, the European Union, Australia, and many others. The specific list of supported countries may evolve over time, so it’s advisable to check with us or your payment service provider for the most up-to-date information on international availability.
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Embrace the future of fast, secure payments with Zenus’ payment solution platform. Revolutionize your transaction processes, reduce friction, and drive business growth. Eager to get started?