Product Roadmap

CRR is an algorithm that calculates the risk score of consumers and businesses based on a set of guidelines provided by our bank partners. CRR is also a quick way for our banks to automatically assess customer risk for AML purposes.

FedNow enables 24/7/365 instant payments for participating banks. FedNow will be offered through our SyncteraPay partner, Checkbook.

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Fleet cards allow businesses to manage payments associated with the vehicle fleet they own and operate. Fleet card capabilities are available through the Synctera Smart Card.  

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Customer and business deposits will be secured beyond the FDIC insurance limit of $250,000 through our integration with IntraFi. This integration also assists banks with liquidity management.

Banks partners will be able to better monitor their programs to ensure they can withstand regulatory scrutiny. Banks will be also able to produce evidence of their monitoring, and companies will be able to produce evidence they’ve addressed ongoing compliance requirements. 

Bank partners and Ops teams can enable stop payments. There will also be improvements to the ACH disputes and ACH Death of Account Holder processes.

ACH, disputes & chargebacks, and card settlement affiliate fees reporting will be overhauled to make it easier for our customers to access and understand.

Large volumes of wires are now supported at scale, requiring less work from Ops teams. End-users can now fund their US accounts via wires as well as receive wires faster.

Card Issuer 3DS is an authentication method that provides an additional layer of security for card transactions. Learn more here.

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The Automated Sweeps release automates the daily ACH/CSV file exchange between customers and bank partners, improving our bank partners’ operational efficiencies.

New feature that enables customers to help their end-users build credit by furnishing their transaction data with all 3 credit bureaus.

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The Plaid Core Exchange integration enables the seamless linking of accounts and efficient fund transfers between accounts. End-users can now link their Synctera-powered bank accounts to Chime, Acorns, and Intuit QuickBooks, etc.

EFT, Canada’s domestic payment rail, is now available. Learn more here.

Physical or virtual (Apple Pay and Google Wallet) spend cards are now available for our Canadian end-users. Learn more here.

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Customers can now work with any payment provider and have all transaction information centralized and seamlessly integrated into the Synctera Ledger. Learn more here.

Customers can now easily set up rewards and charge fees – all compliant with consumer regulations. Learn more here.

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Customers can now bring their preferred KYC or KYB vendor onto the Synctera Platform. Learn more here.

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Enhanced Due Diligence (EDD) is used to monitor high-risk customers and unusual transactions and check for potential money laundering activities. Learn more here.

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Introducing MasterCard or Visa unsecured charge cards, ideal for credit building use cases. Note, this is different from the Synctera Smart Card, a secured charge card where customer funds are linked in a deposit account acting as security.

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