Kinective, a pioneer in enterprise platforms designed for intelligent banking, has announced that PayNearMe has licensed its advanced API connectivity solution, Gateway. This strategic move is set to enhance and streamline integration capabilities for PayNearMe’s modern payment platform, PayXM.
Kinective Gateway is engineered to empower banks and credit unions with access to next-generation fintech solutions. It features one of the industry’s most extensive portfolios of core and business system integrations, supported by long-standing relationships with over 40 core providers and more than 100 fintech partners. By leveraging Gateway’s prebuilt APIs, PayNearMe can efficiently connect with financial institutions aiming to boost payment acceptance, accelerate cash flow and elevate the overall member experience.
“Kinective Gateway accelerates our ability to bring Payment Experience Management to thousands of financial institutions,” said Bruce Gaskill, Senior Director of Integration Partnerships at PayNearMe. “With PayXM easily integrated into core banking systems, financial institutions can transform every touchpoint in the payment journey to reduce operational overhead and deliver a modern, member-first experience.”
Kinective’s comprehensive API integration platform simplifies what has traditionally been a complex process for fintech providers. By removing the need to build individual APIs, the platform ensures secure, scalable and fully supported connectivity for companies like PayNearMe.
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“Our partnership with PayNearMe demonstrates how Kinective Gateway accelerates go-to-market strategies and drives innovation for fintechs by eliminating the traditional and often complex barriers to core banking integrations,” said Dan Snyder, EVP of product at Kinective. “Instead of spending months, if not years, building into each core’s middleware APIs, PayNearMe can now easily connect its modern payment solutions to thousands of financial institutions.”
PayNearMes platform enables a variety of payment methods and channels, like Cash App Pay PayPal Venmo, Apple Pay, Google Pay, credit cards, ACH, and cash payments at more than 62,000 retail locations across the US. With this partnership, Kinective Gateway is helping PayNearMe provide financial institutions with a single, efficient solution for payment acceptance and processing across all major channelsthis way they can reduce exceptions, cut down on operational costs and speed up reconciliation timelines.
This alliance is another expression of Kinective broadening its presence in the fintech world. Expanding their serving capacity for more than 4,000 financial institutions nationwide, Kinective is still processing millions of transactions monthly, providing the reliability and scale that record breaking growth fintech companies are looking for.
