Figure Pay Banking in a Box

The competitive advantage for FinTechs & Non-
Bank Lenders

Figure Pay Banking in a Box (BIAB) provides the banking & payments infrastructure and services needed to move our customers forward.
Leverage our 21st century banking building blocks, deployable in record times. We provide our customers a leg up for bringing innovation to market.

Blockchain-based infrastructure

Built on the Provenance blockchain, the platform provides scale, flexible pricing, and material cost savings vs. traditional service providers.

Proven technology

Leverage the Provenance Blockchain: the only public, decentralized blockchain used by U.S. Banks, with billions of dollars of digital financial assets transacted across lending, payments, and marketplaces.

Increased ROI

With no account on file fees or monthly minimums, BIAB provides high ROI combined with the flexibility to build any payment construct desired.

Gone are the days of multiple vendors and lengthy processes

Figure Pay Banking in a Box provides everything you need when it comes to banking and payments, plus everything behind the scenes.

Complete card program management

  • Issue Visa debit cards

  • Visa settlement

  • Sponsor bank provided

  • Compliance and regulatory support

  • Flexible authorization schemes, including BNPL

An alternative to traditional payment rails

  • Core system of record

  • Omnibus account with pass-through FDIC insurance*  navigates to disclosure *

  • Create a closed-loop payment network, bypassing traditional payment rails

  • ACH integration

  • Visa® debit card

  • Direct deposit

  • Free ATM

  • No account on file fees or monthly minimums

All required licensing and monitoring covered

  • KYC

  • BSA

  • Customer complaints and disputes

  • AML

  • FinCen registered MSB with 49+ state MTLs

  • Transaction monitoring

End-to-end streamlined processes

  • Bank account onboarding

  • 3rd party vendor management

  • Marketing approvals

  • Partner bank relationships

  • Regulator relationships

  • Customer reporting

Enhance your program and scale your customer base

  • Whitelabel mobile app provided but not required

  • Native rewards program

  • Complete back office operations staff can be provided

  • Shorter contract with reasonable terms

  • Hosted inbound customer support platform provided

  • Blockchain-based infrastructure

  • Incorporate BNPL loans into your card program

Visa® Card Issuer Processing

Complete card program management

  • Issue Visa debit cards

  • Visa settlement

  • Sponsor bank provided

  • Compliance and regulatory support

  • Flexible authorization schemes, including BNPL

Payments & Banking

An alternative to traditional payment rails

  • Core system of record

  • Omnibus account with pass-through FDIC insurance*  navigates to disclosure *

  • Create a closed-loop payment network, bypassing traditional payment rails

  • ACH integration

  • Visa® debit card

  • Direct deposit

  • Free ATM

  • No account on file fees or monthly minimums

Compliance

All required licensing and monitoring covered

  • KYC

  • BSA

  • Customer complaints and disputes

  • AML

  • FinCen registered MSB with 49+ state MTLs

  • Transaction monitoring

Program Management

End-to-end streamlined processes

  • Bank account onboarding

  • 3rd party vendor management

  • Marketing approvals

  • Partner bank relationships

  • Regulator relationships

  • Customer reporting

Bonus Features

Enhance your program and scale your customer base

  • Whitelabel mobile app provided but not required

  • Native rewards program

  • Complete back office operations staff can be provided

  • Shorter contract with reasonable terms

  • Hosted inbound customer support platform provided

  • Blockchain-based infrastructure

  • Incorporate BNPL loans into your card program

Launch your product
in weeks, not years

Leveraging our seamless enterprise API, BIAB enables your company to launch a compelling challenger bank offering as fast as you can move.

Make Figure Pay your competitive advantage