Pinwheel and Visa collaborated to provide businesses with access to consumer-permitted employment and income data.
Pinwheel may more swiftly, safely, and compliantly transmit this data to merchants, financial institutions, and FinTech businesses by enrolling in the Visa Fintech Connect Program, according to a news release released by the companies on Wednesday (March 29).
“We’re happy to be able to communicate more directly with the FinTechs and financial institutions in Visa’s ecosystem to enable them to take advantage of our leading income and employment data linkage,” said Pinwheel Chief Revenue Officer Lauren Crossett.
Via an application programming interface, Pinwheel offers its real-time data to users (API). According to the press release, it aids them in making sense of the data by utilizing analytics and intelligence.
According to the press announcement, financial institutions and FinTechs utilize the data to allow direct deposit switching, earned salary access, and other cutting-edge goods.
