Card issuance and management platform Highnote is expanding its partnership with Visa and has also become fully certified as a Visa issuer processor.
Highnote also finished the Visa Ready certification and will join Visa’s Fintech Fast Track program as an enabler in the U.S. market, according to a press release on Tuesday (Aug. 30).
Headquartered in Silicon Valley and co-founded in 2020 by CEO John MacIlwaine and CTO Kin Kee, Highnote’s fully integrated tech stack provides every service a company needs to launch new ways to use card payments.
Virtual and physical payment cards, ledger and wallet capabilities can be embedded into a digital firm’s existing products, “creating compelling value for users while growing revenue and building a unique and differentiated brand,” per the release.
“At Visa, we’re committed to accelerating the scale and pace of payments innovation,” said Vanessa Colella, SVP and global head of digital partners and innovation at Visa. “Through this partnership with issuance platform, Highnote, we’re excited to enable the next generation of FinTechs and support embedded card capabilities.”
As part of Visa’s Fintech Fast Track program, Highnote can use its GraphQL API platform coupled with program management, money movement, and issuer processing services to help digital enterprises quickly deploy differentiated card programs.
“We built Highnote so enterprises can differentiate by launching embedded finance solutions that support the needs of their customers today and in the future,” said MacIlwaine.
“Through Visa Cloud Connect, we are able to leverage our modern, flexible and scalable infrastructure to deliver an issuer processor and payments platform that is fully cloud-native and meets the need of enterprises that are looking to innovate and remain ahead of competition,” he added.