Push to Card Instantly
Pay out funds directly on to a recipient's card.
Push-to-card payout, or disbursement operate through existing card networks (Visa Direct and MasterCard MoneySend) to instantly transfer funds to cardholder's payment cards.
The flow of funds are reversed in this flow compared to a traditional purchase, and transactions are sent backwards from the merchant to an issuing bank through the card network, instantly.
With TabaPay's integration with Visa Direct and MasterCard MoneySend, funds are available in the recipient accounts within 30 mins of issuer authorization of payout messages.
What does "instant" or "fast funds" denote
An issuer that participates in Fast Funds must make funds available to the recipient in 30 minutes or less of approving the authorization message. In other words, the issuer must increment the cardholder’s open-to-buy or operating limit with the payment amount in 30 minutes or less of approving the transaction.
Use Cases
- Money Transfers to enable consumers to send funds to a card. Example, consumer at a bank transfers money to another consumer's payment card (P2P Money Transfer)
- Funds Disbursements to enable merchants, corporations, or government entities to send funds to a card to fulfill insurance claims, corporate and manufacturing rebates, expense reimbursements, affiliate and contractor payouts, government disbursements (such as value-added tax refunds), and online gambling and lottery payouts, etc.
- Gig Economy Payouts that allow grocery and food delivery, and ride-share marketplaces to pay their drivers and shoppers instant access to their earned wages, tips, and benefits.
- Merchant Settlements that allow service providers to speed up settlement payments between two parties (popularly, vendors and merchants)
- Payments via Digital Wallets to move funds out of a digital wallet and delivered to a cardholders card.
- Real Time Deposit/Check Deposits to enable conversion of checks into a digital payment delivered to a cardholder's card at a bank. Example, sender moves money from his own bank account to a payment card (me-to-me transfers)
- Loyalty and Offers to pay loyalty reward or merchant offer onto a card that allows cardholders ready access to redeem benefits.
- Credit Card Bill Payments to pay bills using push to card.
Depending on the type of use case, the disbursement may be considered a Money Transfer transaction for risk control purposes at the networks.
Push to Card Workflow
- Sender initiates transfer to the recipient's card.
- TabaPay customer initiates Send Payout request (using Create Transaction API), with Sender and Recipient details, including Recipient’s account information to TabaPay.
- TabaPay receives the Send Payout request. Depending on the Recipient’s country and other routing logic, TabaPay routes the request message to the Recipient's Financial Institution using the appropriate rails for the transaction.
- Once the networks completes the payout out to the Recipient's Financial Institution, they acknowledge the request back to TabaPay with a transaction payout status and estimated posting date.
- TabaPay responds back to our customer with this acknowledgement.
- TabaPay generates and sends end of day settlement and transaction level reports to our customers, based on all of their transactions (e.g., purchases, OCT, payouts) processed in the settlement window.
Card Types Eligibility
Various card types are eligible for push-to-card transactions - credit cards, debit cards, reloadable prepaid cards, deferred debit cards, and combo cards.
TabaPay allows our customers to query eligibility of recipient cards upfront to prevent an unpleasant customer experience.
With TabaPay's integration with Visa Direct and MasterCard MoneySend, funds are available in the recipient accounts within 30 mins of issuer authorization of payout messages.
Enable Seamless Push to Card with One TabaPay API
Expected Behavior on Payment Card
Fundamental Use Cases for Push to Card
- Money Transfer - including funding into digital wallets and instant deposits to bank accounts.
- Funds Disbursement (Non-Money Transfer) - including merchant settlement, loyalty and offers, topup to prepaid cards, and credit card bill pay).
| Payment Card Type | Expected Behavior | Use Cases |
|---|---|---|
| Credit Card | Payment to the account; For a push to card amount of $100, amount owed on the account reduces by $100 with an incoming push of $100 | Money Transfer (includes digital wallet and instant deposits) Funds Disbursement (includes Merchant settlement, and Loyalty and Offers) Credit Card Bill Payment |
| Debit Card | Value added to the card balance; For a push to card amount of $100, balance on the account increases by $100 with an incoming push of $100 | Money Transfer Funds Disbursement |
| Prepaid Card | Value added to the card balance; For a push to card amount of $100, balance on the account increases by $100 with an incoming push of $100 | Money Transfer Funds Disbursement Top-up to prepaid card |
| Deferred Debit | a) Payment to the underlying bank account; For a push to card amount of $100,
balance on the associated underlying bank account increases by $100 with an incoming push of $100 b) Payment to the payment card, then balance on the debit card goes up by $100 for an incoming push of $100. |
Money Transfer Funds Disbursement |
| Combo Cards | Value added to the card balance; For a push to card amount of $100, balance on the account increases by $100 with an incoming push of $100 | Money Transfer Funds Disbursement |
Push to Card Code Sample
An example to get you started!
Updated 2 months ago