Increase

0 reviews

Increase offers enterprise-grade banking APIs that empower technology companies to programmatically store, move, and reconcile funds. By providing direct connections to major financial networks such as the Federal Reserve and Visa, Increase delivers unfiltered access to banking infrastructure, enabling businesses to build scalable and flexible financial services. Key Features and Functionality: - ACH Payments: Originate ACH credits and debits with same-day settlement, automate reconciliation using unique account numbers, and access transparent settlement tracking directly from the Federal Reserve. - Bank Accounts: Instantly open demand deposit accounts with flexible account numbers, earn interest on eligible balances, and programmatically download bank verification letters and statements. - Cards: Launch customized card programs with real-time authorization controls, issue physical and virtual cards, and access enhanced purchase data, including line-item details. - Checks: Send physical checks via API, deposit checks programmatically, and utilize virtual lockboxes to automate check processing and reconciliation. - Wires: Send and receive wire transfers through Fedwire with transparent submission timing, track reversals via webhooks, and implement approval flows for added security. - Push-to-Card: Disburse funds instantly to eligible Visa and Mastercard cards globally, with final and irrevocable transactions, leveraging Visa Direct and Mastercard Send. Primary Value and Solutions Provided: Increase addresses the complexities of integrating with traditional banking systems by offering direct, unabstracted access to financial networks. This approach provides technology companies with greater stability, transparency, and flexibility in building financial services. By exposing the full power of banking infrastructure, Increase enables businesses to move money faster and more reliably, automate financial operations, and create customized financial products that scale with their growth.