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.)