For businesses operating at scale, payments shouldn’t be complicated—but they still are. Whether dealing with cross-border transfers, real-time payouts, or fraud prevention, financial teams continue to grapple with inefficiencies that slow down operations and increase costs. Checkbook is working to change that.

At Fintech Meetup 2025, Aditya Raikar, Partnerships Lead at Checkbook, outlined how the company is tackling real-time payments, cross-border disbursements, and fraud prevention—all within a single API-driven platform.

The Problem with Payments Today

Despite the growth of fintech innovation, payments remain fragmented and inefficient. Many businesses still rely on batch ACH processing, slow wire transfers, and high-fee card transactions that weren’t designed for today’s on-demand economy.

“Most payment providers excel at one thing—ACH, card payments, or cross-border,” Raikar explained. “We’re focused on bringing all these capabilities under one roof so businesses can execute transactions seamlessly, in real-time, and with minimal fraud risk.”

Checkbook’s all-in-one API allows businesses to send and receive payments across multiple rails, including:

• Instant ACH & RTP for same-day transfers

• Digital checks for non-traditional transactions

• Virtual cards for flexible business payments

• PayPal and wire transfers for consumer payouts

• Cross-border transactions now live in 40+ countries

Eliminating Fraud: The 0.01% Standard

In the payments industry, security is non-negotiable. A 99% fraud detection rate sounds good—until you realize it means a 1% failure rate, which is unacceptable.

“Fraud in payments has to be near-zero,” Raikar emphasized. “A 99% success rate would get you laughed out of the room. We’ve built our system from the ground up with security in mind—our fraud rate is under 0.01%, which is virtually unheard of in the industry.”

Checkbook’s AI-driven fraud detection uses pattern recognition and anomaly detection to preemptively block high-risk transactions before they are processed, ensuring businesses can operate with confidence.

Scaling Cross-Border Payments

For businesses expanding internationally, cross-border payments present unique challenges—currency fluctuations, regulatory barriers, and slow processing times all contribute to delays and increased costs.

Checkbook’s solution now supports transactions in over 40 countries, providing businesses with faster, more cost-effective international transfers.

“Our goal is to make cross-border payments as simple as a domestic ACH transfer,” Raikar said. “We’re constantly expanding our reach to support businesses that need global-scale financial operations.”

What’s Next for Checkbook?

Looking ahead, Checkbook is preparing to launch instant, secure US money pulls in Q3 2025, allowing businesses to collect funds as easily as they disburse them—a key missing link in the embedded payments space.

“The real challenge isn’t just sending money—it’s moving it in both directions efficiently and securely,” Raikar noted. “With our upcoming real-time money pull solution, we’re completing the full-stack payment capabilities businesses need.”

Final Thought: The Future of Embedded Finance

As embedded finance continues to reshape payments, companies like Checkbook are proving that speed, security, and flexibility don’t have to be trade-offs. By eliminating the traditional pain points in disbursements, collections, and fraud prevention, Checkbook is helping businesses unlock new efficiencies and scale payments with confidence.

We’re thrilled to welcome Liberis as an official Unofficially Fintech sponsor. Embedded finance is a major theme at this year’s event, and Liberis is leading the charge by providing seamless funding solutions directly within platforms that businesses already use. They’ll be attending Fintech Meetup, talking all things embedded finance, so be sure to book some time with them! 👇

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