For fintechs affected by recent bank disruptions, including Silicon Valley Bank, the Synapse FastTrack Program enables fintechs to quickly re-enable payment processing services and get up and running in days.
The program is intended for fintechs who have simple payment processing use cases that do not currently require opening deposit or credit accounts for end users.
The solution enables funds-flow from your account to and from your user’s external bank account.
The Synapse FastTrack Program enables fintechs to process through the following payment rails:
ACH (same day, next day)
Acquiring (Push and Pull)*
Virtual Card Issuance (for disbursements)
* Note: If a MID setup through the card networks is required, acquiring flows may be delayed until complete (typically 60-90 days).
At this time, cryptocurrency and stablecoin use cases are not eligible for the FastTrack Program.
For more complex use cases involving account opening, lending, or card issuance, please feel free to reach out via chat on our website.
Schedule a call with our FastTrack Sales team.
Be ready with the following KYC documents, because you will be asked to submit these documents as a part of your onboarding.
Tax ID Document
Articles of Incorporation
DBA Name Documentation (If Applicable)
Profit and Loss Statement
Most recent three months of bank statements
Cyber Liability Insurance
Certificate of Business Insurance
Proof of payment processing and good standing with recently closed bank
Social Security Number (SSN) or Passport Number
US Government Issued Photo ID or Passport Data
Review our Payment Account APIs. These are the APIs you will be coding against to start processing.
Review program pricing:
Monthly SaaS Fee
Payments Monthly Minimum
Per Transaction Fee
Same Day ACH
Next Day ACH
Network cost + $0.50
Network cost + $0.35
Exception & Return Fees