Sionic

Overview

The Great Reallocation in digital payments is being led by Sionic, an Atlanta-based company, which offers fast bank-to-bank transfers from customers to businesses. Sionic's market-leading ULink® solution, a Google Cloud offering, enables real-time direct deposits at the point of sale through mobile, internet, in-store, or in-vehicle experiences. In order to process bank payments and secure card payments, the business has teamed with The RTP Network's top financial institutions and CyberSource, a Visa solution. Real-time payment providers avoid costly card swipe fees and receive POS cash deposits right away. Customers who pay with their bank accounts might be given benefits.