Florida FI to implement MasterCard Send for near real-time funds disbursement
MasterCard is partnering with Florida Capital Bank N.A. to facilitate the near real-time disbursement of funds to all branded debit cards in the U.S. by integrating MasterCard Send.
The partnership will provide a platform for corporate partners of Florida Capital Bank to perform instant push-to-card payments across networks and brands, ensuring that consumers receive 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, MasterCard executive vice president for digital payments and labs. "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."
"We are happy to partner with MasterCard, and we are excited to offer FLCB InstantMoney to facilitate faster payments," 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."