Fintech Recap: What Synapse's Collapse Means For BaaS, Fintech
Fintech Business Podcast
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Flexible Payment Routing Strategy
Payment innovation enables cardholders to dynamically direct transactions to different funding sources based on customized rules. This system transforms the card number into a versatile pointer, allowing users to allocate payments to specific accounts based on transaction circumstances. For instance, users can decide to use a debit card for most purchases but automatically switch to a credit card offering cash back rewards for specific categories like groceries. This flexibility in payment routing is managed through mobile banking or digital wallets.
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