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Astra Launches Point-to-Point Debit Transfer Product.

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M2 EQUITYBITES-December 26, 2021-Astra Launches Point-to-Point Debit Transfer Product

(C)2021 M2 COMMUNICATIONS http://www.m2.com

Astra, Inc., the automation platform for money movement, has launched its first-ever card-to-card instant payment API, the company said.

Through a strategic partnership with Cross River Bank, a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, Astra is providing the critical infrastructure that will, for the first time, enable fintech developers to fund accounts and facilitate deposits via the debit card payment rails.

Financial technology products have the ability to choose several payment options when processing account-to-account (A2A) transactions via ACH or traditional card processing services. With this new solution, developers can process a transaction instantly, directly from one debit card onto a second debit card, without the need for settlement accounts or developing reconciliation operations...

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