Company Research Report
Company Overview
Name: TodayPay Inc.
Mission: The world's first faster refund payment method, helping merchants, marketplaces, logistics, issuers, and insurers disburse value to their customers instantly, in the payment method and speed of their choice.
Founded: 2023
Founder: Jeremy Balkin
Key People:
- Jeremy Balkin - Founder & CEO
- Mike West - Strategic Advisor
Headquarters: New York, US
Number of Employees: 11-50
Revenue: No information is available.
Known For: Inventor of Refunds as a Service™ and Better Refund™ – alternative payment methods focusing on instant refunds.
Products
Better Refund™
Description: TodayPay's Better Refund™ is an enhanced refund solution that offers customers choice, speed, and additional rewards.
Key Features:
- Instant refund availability
- Multiple payment methods
- Cashback and rewards
- Speed and customer gratification
Refund Now Pay Later™
Description: Tailored payment product that allows merchants to provide an instant refund while offering them a delayed payment funding period.
Key Features:
- Instant customer refunds
- Deferred merchant funding
- Maintain interest and investment income on Treasury float
API Integration
Description: Allows seamless integration with existing merchant return workflows, AI chatbots, contact centers, and widgets for efficient refund processing.
Key Features:
- Simple setup
- Pick various integration methods
- Real-time transaction management
Recent Developments
New Products Launched
- Refund Now Pay Later™: Enables merchants to issue an instant refund while managing delayed funding capabilities.
New Features Added
Better Refund™:
- Enhanced speed and multiple payment choices for instant refunds.
Partnerships
- Visa: Joined Visa’s Fintech Fast Track Program, accelerating integration and access to Visa's global payment network, VisaNet.
- Amazon Web Services (AWS): For technology and infrastructure support.
- Marqeta: Partnered to enhance payment card issuing and processing.
Announcements
- At CES 2024, announced Mike West joining as Strategic Advisor, bringing over 25 years of payments experience from Visa, PayPal, and American Express.
- Launch from stealth mode at Money20/20 USA in Las Vegas in October 2023.
- Comprehensive "Where Is My Refund?" consumer study released, highlighting consumer preferences for refund processing.
Industry Research and Engagements
- Participated in events like National Retail Federation Big Show (NRF 2024) and Finovate in New York City.
- Presented research and findings to leading merchants and retailers in the U.S.
- Continually published findings and industry insights on platforms such as The Refunds Blog™ and other fintech forums.
(This report exclusively contains information available from the provided data. For any missing fields, the statement "No information is available" has been used.)
