Brightwell, a payments technology company building financial products to send money securely anywhere in the world, announced its partnership with Fintech solution and payments program manager Dash Solutions, formerly known as Prepaid Technologies.
As a pioneer of the prepaid industry, Dash Solutions joins other Fintechs that have partnered with Brightwell “to strengthen its offerings by providing remittance services and full-time fraud prevention utilizing Brightwell’s ReadyRemit and Arden solutions.”
Hal Ramakers, SVP of Global Solutions at Brightwell, said:
“Dash Solutions is a great example of a forward-thinking company looking for innovative solutions that can be deployed quickly and very cost-effectively to increase revenue and gain more ‘stickiness’ with the end-user by embedding cross-border payments inside of their banking platform.”
While the cross-border market is growing exponentially, the industry “has many challenges for companies that want to enter the space, including meeting the ever-changing compliance standards, securing the licensing to access various corridors, and integrating the new offering within an existing tech stack.”
Brightwell’s ReadyRemit solution “allows Dash Solutions’ cardholders the ability to easily send and receive remittances to 90% of the world’s population.”
With 10+ years of experience with remittance partner integrations and $3 billion in remittance transactions processed, ReadyRemit gives Dash Solutions’ cardholders “access to near real-time or same-day payments to several delivery channels, including bank accounts, mobile wallets, and cash-out locations.”
Matt Frye, Chief Product Officer of Dash Solutions, said:
“We’re excited to partner with Brightwell to bring their ReadyRemit solution to market for our cardholders in need of remittance services from their MyDashCard. Built with the end-user in mind, the ReadyRemit solution offers both an API for our web users and a fully functioning SDK for our mobile apps. This allows for seamless integration with Brightwell’s technology and provides a solution we can easily deploy for our wide range of cardholders.”
In addition to integrating ReadyRemit into its platform, Dash Solutions is also working with Brightwell “to minimize fraud by card testing attacks.”
With governments and businesses worldwide moving towards a cashless society, card attacks are “a growing fraud risk and financial problem for card issuers and program managers globally.”
Using Arden, Dash Solutions’ prepaid card users “are protected from fraud with Brightwell’s full-time fraud prevention and detection solution.”
Ernie Moran, GM, Arden, ssid:
“Dash Solutions is a leader in the fintech industry, providing secure payment solutions to a full spectrum of clients. Adding Arden to their existing suite of risk solutions will provide an additional layer of fraud security ensuring best-in-class protection for their portfolio and customers.”