Direct Funder’s Business Advance Line and Business Advance Card offerings enhanced by branded prepaid cards and instant virtual funding solutions.
Swift Prepaid Solutions, a global leader in prepaid corporate incentives and disbursements, today announced it is working with Bitty Advance to support the direct funder’s instant business advance funding solutions.
Swift will support Bitty’s Business Advance Line, which provides direct funding of $10,000 and less to small businesses, by facilitating Bitty’s branded prepaid card solutions for small businesses. Swift’s prepaid services provide Bitty’s customers with immediate virtual funds, which can be easily transferred to mobile wallets like Apple Pay, Google Pay and Samsung Pay. Additionally, Swift will enable Bitty to expand its direct funding offering with immediate funding direct to business debit cards.
“Direct Funders need a flexible, scalable and compliant global platform as consumers look to optimize services they once received from traditional financial institutions,” stated Patrick Crosson, Swift Prepaid Solutions Vice President of Sales, emerging markets. “As the only global provider of these combined services, Swift Prepaid works with our partners to strengthen and differentiate their brands through innovative offerings and to continuously improve the payments experience.”
Swift will provide Bitty Advance with the following benefits:
- Fast, immediate funding for Bitty Advance customers.
- Fully customized and branded funding delivery with variable messaging to tailor the user experience.
- Visa Direct capabilities, including branded virtual and physical card offerings that allow fast funding to prepaid cards or debit cards associated with a business account.
- Industry-leading prepaid program management efficiencies.
“New and growing small businesses often need fast access to capital that supports basic needs like inventory purchases, payroll and marketing,” stated Bitty Advance CEO Edward Siegel. “Our new partnership with Swift enables us to provide competitive instant funding options to these small business borrowers while seamlessly integrating Swift’s solutions into our branded customer journey.”
Swift Prepaid Solutions and Bitty Advance plan to jointly preview their partnership at the deBanked CONNECT Miami conference on January 24, 2019.
See the full press release at MarketWatch.