About Trice Payments

Trice provides a real-time payments platform that enables instant account-to-account transfers through its APIs and RTP gateway, facilitating seamless integration for businesses. This technology addresses the need for immediate fund availability in various sectors, including lending, insurance claims, and gig economy payouts, enhancing customer experience and operational efficiency.

```xml <problem> Many businesses face delays and inefficiencies with traditional payment methods like ACH, leading to slower transaction times and increased operational costs. These delays can negatively impact customer experience, especially in sectors requiring immediate fund availability. Existing payment systems often lack the real-time capabilities needed for modern, fast-paced transactions. </problem> <solution> Trice offers a real-time payments platform that facilitates instant account-to-account (A2A) transfers through its APIs and RTP gateway. This solution enables businesses to seamlessly integrate real-time payment capabilities into their existing systems, providing immediate fund availability and improving customer experience. By leveraging the RTP network and FedNow, Trice eliminates delays associated with traditional payment methods, reducing exception handling and enhancing operational efficiency. The platform supports various use cases, including instant funding for neo-banks, digital wallets, investment platforms, and gaming wallets, as well as real-time payouts for remitters and payment service providers. </solution> <features> - Real-time Payments API for instant funding solutions, easily integrated with a few lines of code - RTP Payments Gateway built specifically to support RTP with scalable infrastructure and streamlined onboarding - Integrated Ledger for seamless integration with financial systems, enabling automatic ledger updates and real-time transaction status - Immediate Good Funds to eliminate insufficient funds (ACH R1s) and unauthorized debits (ACH R5s) - Support for various A2A payment use cases, including neo-banks, digital wallets, investing, remitters, BaaS/SaaS, gaming, payment service providers, and banks & credit unions - Scalable infrastructure designed for high-volume, real-time transactions - Simplified operations with streamlined onboarding and comprehensive reporting </features> <target_audience> Trice primarily targets businesses across various sectors, including neo-banks, digital wallets, investment platforms, gaming companies, remitters, payment service providers, and banks/credit unions, seeking to implement real-time payment solutions. </target_audience> ```

What does Trice Payments do?

Where is Trice Payments located?

Trice Payments is based in Austin, United States.

When was Trice Payments founded?

Trice Payments was founded in 2022.

How much funding has Trice Payments raised?

Trice Payments has raised 2990000.

Location

Austin, United States

Founded

2022

Funding

2990000

Employees

9 employees

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

Trice Payments

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

trice.co 500+

Crunchbase

Founded 2022 – Austin, United States

Funding

Estimated Funding

$2M+

Team (5+)

No team information available.

Company Description

Problem

Many businesses face delays and inefficiencies with traditional payment methods like ACH, leading to slower transaction times and increased operational costs. These delays can negatively impact customer experience, especially in sectors requiring immediate fund availability. Existing payment systems often lack the real-time capabilities needed for modern, fast-paced transactions.

Solution

Trice offers a real-time payments platform that facilitates instant account-to-account (A2A) transfers through its APIs and RTP gateway. This solution enables businesses to seamlessly integrate real-time payment capabilities into their existing systems, providing immediate fund availability and improving customer experience. By leveraging the RTP network and FedNow, Trice eliminates delays associated with traditional payment methods, reducing exception handling and enhancing operational efficiency. The platform supports various use cases, including instant funding for neo-banks, digital wallets, investment platforms, and gaming wallets, as well as real-time payouts for remitters and payment service providers.

Features

Real-time Payments API for instant funding solutions, easily integrated with a few lines of code

RTP Payments Gateway built specifically to support RTP with scalable infrastructure and streamlined onboarding

Integrated Ledger for seamless integration with financial systems, enabling automatic ledger updates and real-time transaction status

Immediate Good Funds to eliminate insufficient funds (ACH R1s) and unauthorized debits (ACH R5s)

Support for various A2A payment use cases, including neo-banks, digital wallets, investing, remitters, BaaS/SaaS, gaming, payment service providers, and banks & credit unions

Scalable infrastructure designed for high-volume, real-time transactions

Simplified operations with streamlined onboarding and comprehensive reporting

Target Audience

Trice primarily targets businesses across various sectors, including neo-banks, digital wallets, investment platforms, gaming companies, remitters, payment service providers, and banks/credit unions, seeking to implement real-time payment solutions.