Mastercard and Florida Capital Bank Deliver Real-Time Disbursements
July 10 2018 - 10:00AM
Business Wire
Florida Capital Bank integrates Mastercard Send
to enable faster disbursement funds
Today Mastercard announced that it is partnering with Florida
Capital Bank, N.A. to facilitate efficient, near real-time
disbursements of funds to all branded debit cards in the U.S. by
integrating Mastercard Send.
Through this partnership, Mastercard Send will provide Florida
Capital Bank corporate partners the platform to send payments to
cardholders within minutes through FLCB InstantMoney. The solution
will enable instant push to card payments across networks and
brands to ensure customers get the funds seamlessly and
securely.
“We are excited to work with Florida Capital Bank and address a
real need that exists in today’s digital payments world,” said Jess
Turner, EVP, Digital Payments and Labs, Mastercard. “With
Mastercard Send we are modernizing the way money is received and
enabling banks to deliver a superior user experience to both their
consumer and corporate customers.”
Mastercard Send, a first-of-its-kind platform that facilitates
funds to be sent quickly and conveniently via debit networks, will
allow Florida Capital Bank to provide corporate partners the
additional value of delivering their customers with immediate and
seamless disbursements.
“We are happy to partner with Mastercard, and we are excited to
offer FLCB InstantMoney to facilitate faster payments,” said Bob
Higel, Senior Vice President of Electronic Payments and Risk
Management for Florida Capital Bank. “This product will
provide a huge benefit to any company that performs a large volume
of disbursements for their consumers who require faster
payments.”
Mastercard Send helps power some of the industry’s most
innovative payment products. For developers, Mastercard provides
financial institutions with an easy-to-use API, one of more
than 35 APIs available through the Mastercard
Developers portal. Backed by the Mastercard network, banks
further benefit from simplified settlement as well as
Mastercard’s network and compliance expertise.
About Florida Capital Bank
Florida Capital Bank, N.A. (FLCB) is a Jacksonville-based bank
with branches in Jacksonville, Orlando, Gainesville, and the Tampa
Bay areas. Since 2004, Florida Capital Bank has been providing
business and personal banking solutions that blend sophisticated
technology and a commitment to personalized customer service. FLCB
specializes in electronic payment solutions, deposit accounts,
commercial lending with SBA and USDA options, business advisory
services, and residential mortgages. To learn more, visit
FloridaCapitalBank.com.
About Mastercard
Mastercard (NYSE: MA), www.mastercard.com, is a technology
company in the global payments industry. Our global payments
processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries
and territories. Mastercard products and solutions make everyday
commerce activities – such as shopping, traveling, running a
business and managing finances – easier, more secure and more
efficient for everyone. Follow us on Twitter @MastercardNews, join
the discussion on the Beyond the Transaction Blog and subscribe for
the latest news on the Engagement Bureau.
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version on businesswire.com: https://www.businesswire.com/news/home/20180710005612/en/
Mastercard:Sarah Ely,
914-249-6714Sarah.ely@mastercard.comorFlorida Capital
Bank:Bob Higel, 904-395-2184bhigel@flcb.com
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