Zūm Rails, a fintech innovator combining open banking with instant payments, announced its collaboration with Fiserv, a global leader in payments and financial technology, to enhance embedded finance solutions for U.S. businesses. Leveraging Fiserv’s transaction processing capabilities, Zūm Rails enables businesses—from large enterprises to SMBs—to streamline key financial operations, including accounts payable, receivable, merchant onboarding, reporting, reconciliation, and fraud management, all from a single platform.
By integrating Fiserv’s technology, Zūm Rails offers a seamless solution for businesses eager to embed financial services and payment options into their platforms without the need for traditional banking intermediaries. Early adopters, including Homebase and Passive, have already embraced this innovation to streamline their financial workflows.
With a growing demand for embedded finance, Zūm Rails is positioned to capitalize on the $84 billion market opportunity, offering businesses an edge with faster, more flexible user experiences. The integration of open banking and instant payments allows companies to power secure transactions in real-time, enhancing both operational efficiency and customer satisfaction.
Zūm Rails’ payments gateway, now supported by Fiserv’s payment facilitator model, provides access to all major U.S. payment networks, including Visa, Mastercard, ACH, FedNow, WEB Debit, and PayPal, ensuring businesses can move funds effortlessly across any rail.
“As businesses look to strengthen relationships with customers, the integration of financial services within platforms has become essential,” said Sunil Sachdev, Head of Embedded Finance at Fiserv. “Our collaboration with Zūm Rails enables clients to expand their service models, build deeper relationships with merchants, and unlock significant revenue potential through embedded finance.”
As Zūm Rails scales its U.S. operations, it plans to introduce additional features, including a forthcoming Banking-as-a-Service (BaaS) offering, enabling businesses to issue debit cards for direct customer spending. The company will also extend its reach across North America, integrating its solutions into the Canadian market and developing new offerings specific to the region.
“Our partnership with Fiserv is crucial as we continue to grow in the U.S.,” said Miles Schwartz, Co-founder of Zūm Rails. “We are committed to evolving our platform to meet the digital payment and financial needs of businesses, ensuring they can deliver on their customers’ expectations.”
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