FLASH CONNECT

Flash Connect is Flash Payments’ blockchain-powered platform designed for institutional and enterprise B2B international money transfers. Built on RippleNet, it delivers fast, low-cost cross-border payments with competitive FX rates. The platform offers virtual accounts, local collection and distribution, and GraphQL-based APIs for seamless integration with business systems, streamlining complex payment workflows.

Flash Connect is specifically designed for institutional clients, large enterprises, non-bank financial institutions, and payment service providers that require efficient, compliant, and high-volume international and local payment capabilities. It serves as a comprehensive payment gateway and a correspondent banking services provider.

Key features of Flash Connect include:

• Multi-currency Master Accounts and real-time conversions
• Dedicated Australian Virtual Account Numbers (VANs) for instant local AUD deposits
• GraphQL-based APIs for seamless integration
• Support for bulk international and local withdrawals (up to 10,000 lines via CSV).
• Granular Access Control Levels (ACLs) for organisation members
• Automated reconciliation tools
• Comprehensive reporting, balances, and statement of account generation
• Advanced security features include 2FA, Passkeys, and IP whitelisting

Flash Connect supports multi-currency Master Accounts, allowing clients to hold, exchange, and convert funds between various currencies in real-time. This feature can be accessed via the "Accounts" or "Conversions" page, offering flexibility for international operations and efficient foreign exchange (FX) management.

Yes, Flash Connect provides a Bulk CSV Withdrawals feature that enables institutional clients to create and manage multiple payouts simultaneously. You can upload a CSV file containing details for up to 10,000 international or local payouts in a single batch, significantly enhancing efficiency for high-volume transactions.

Flash Connect offers robust Access Control Levels (ACLs) to manage user permissions within an organisation: ADMIN: Full administrative rights, including managing users, financial operations, and system settings. TRANSACT: Allows creating payments and withdrawals. Withdrawals require approval from an APPROVE or ADMIN user. LOGIN: Basic access is required to log into the system. API: Grants access to Flash Payments via the API, requiring the 'LOGIN' level. APPROVE: Allows approval of pre-created withdrawals or auto-approval using Straight-Through Processing (STP). CORRESPONDENCE: Receives all email communications sent to the primary contact. Flash Connect imposes no restrictions on the number of users that can be added to an organisation and client account.

Flash Connect secures transactions with ISO 27001:2022-certified processes, blockchain encryption via RippleNet, and real-time AI/ML-powered fraud detection. It complies with AUSTRAC and ASIC regulations, ensuring safe and compliant global B2B payments. API security features, such as token expiry and cryptographic webhook signatures, complement it.

Yes, Flash Connect provides Instant Local Australian Deposit (Pay-in) through dedicated Australian BSB and Virtual Account Numbers (VANs), with funds typically reflected immediately. Local Australian Withdrawals (payouts) are also instant for standard payouts. For FX payments, direct entry via the classic Australian payment system is used, typically taking 0 to a few hours.

Flash Connect offers a modern alternative to traditional correspondent banking by providing a proprietary FX liquidity engine and leveraging blockchain (RippleNet/ODL). This results in faster, more cost-effective, and transparent international payment solutions, alongside robust compliance and automated reconciliation capabilities, often surpassing the speed and complexity of legacy systems.

To get started with Flash Connect, you typically need to:

1. Initial consultation & onboarding:
   First, you'll review your international payment needs with the Flash Payments team. The best way to get in touch is by filling out the form on our website. Following this, you'll go through Flash Payments' standard KYC (Know Your Customer) and onboarding process. This ensures everything is set up correctly and securely.
2. Production account activation:
   Per your request, our Operations team will finalize and activate your production account with Flash, which typically takes 1-2 business days. After that, you can start transacting manually from the Flash Connect portal.
3. The UAT account for the API integration:
   For clients planning a technical integration with our API, you'll gain access to our UAT (User Acceptance Testing) environment. This dedicated space allows your technical team to set up testing data, create manual transactions from the Flash Connect portal, build your automation solution in the UAT using our public API, and thoroughly test all your use cases and work flows before going live.
4. Transitioning your API integration solution to production:
   Once your testing in UAT is complete and you're confident with the Flash Connect portal UI and your programmable integration solution, we will validate the data you submitted in the UAT during the testing phase. Ensuring the provided data meets acceptable quality is crucial for regulatory compliance. After this, you can take your automation solution to the Production environment and start transacting.

Yes, Flash Payments provides Confirmation of Payee (CoP), enabled by default for all our institutional clients at no extra cost when paying to Australia. Developed by the Australian Payments Plus (AP+), CoP verifies payee details in real time to prevent fraud and errors, helping us reduce scams across Australia.