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  • Prepaid

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About Fusion

About Fusion
Published on 24th March, 2021

What is Fusion

Fusion is an API-based Platform-as-a-Service (PaaS) offering. It enables fintechs to build and manage financial products for their unique use-cases. Fusion offers seamless integration with banks, payment networks, card printers, push servers, and several other services.

Fusion APIs solve multiple use-cases like customer loyalty cards, corporate gifting, expense management, merchant payouts, just-in-time account funding, and so on.

Why Fusion

  • Time-to-market: Fusion APIs provide you instant access to its financial ecosystem. Use Fusion’s plug-and-play architecture to launch your products quickly!

  • Effortless integration: Fusion powers your team with interfaces and development environments required for effortless integration. Fusion provides RESTful APIs, webhooks, SDKs, private and production sandboxes, among other integration and extension mechanisms.

  • Comprehensive solution

    • Banking relationships: Fusion integrates with various banking technologies and service providers. It handles all the compliance, licensing, and data security requirements at its end.

    • Scalability: Zeta works with multiple IFIs (banks) and the platform is IFI agnostic. This guards Fusion fintechs against IFI side disruptions and provides for rapid fallback mechanisms. With a throughput of 1 million transactions per second (TPS), Fusion can handle any traffic volume scaling that businesses might demand.

    • Compliance: Fusion complies with regulatory requirements to safeguard sensitive data. The platform adheres to data security standards including ISO 27001, PCI DSS, and AICPA SOC 2.

    • Just-in-time account funding: With Fusion’s Just-In-Time (JIT) account funding, you can load accounts with required amounts at the time of transaction. This eliminates the need to maintain account balance and unblocks funds.

    • Rich transaction policies: Fusion provides support for comprehensive spend controls using transaction policies. Create custom rules to limit spends for any account.

    • Card order management: Fusion manages the entire card order life cycle from printing to delivery with its partner service providers.

    • Back-office Tools: We presently host over 8 modules under the Fusion Management Console, made to cater to the needs of your Fintech ranging from payment simulator, support center, to report center.

    • Virtual Bank Accounts [Beta]: Virtual accounts are pseudo bank accounts with unique account numbers called ‘Virtual Account Numbers’ (VANs). Payments made to VANs (by NEFT, IMPS) are credited to a linked physical account (i.e. current account, saving account). Issue VANs to different parties for fund collection and disbursement purposes. VAN payments uniquely identify the payee, making reconciliation of all inward and outward payments hassle-free.

    • UPI Support: Account Holders can use Unified Payments Interface (UPI) to pay merchants and send funds to other Account Holders using any UPI application.

      UPI support feature is under development and will be released soon.