FastPay is a financial technology firm dedicated to providing payment advances on receivables from the strongest advertisers, agencies and ad tech businesses in the industry. FastPay’s solutions drive process efficiencies, increase revenue, reduce financial risk, and allow both buy and sell side to focus more on strategy and execution rather than bill/pay and other tactical operations.
FastPay and Mediaocean have partnered to create a payment solution to help agencies, advertisers, and publishers streamline the billing and paying process. The integrated offering will enable Mediaocean’s Prisma agency base and the digital publisher base to leverage the benefits of FastPay within their current Prisma financial workflow.
- Payments in a flash –FastPay understands media collateral better than anyone and offers payment advances on receivables from the strongest advertisers, agencies, and ad tech businesses in the industry. FastPay advances are often completed withindays or weeks as opposed to the 90-120 day payment cycle that has unfortunately become the industry standard.
- Direct Integration – Agencies can leverage FastPay’s service without altering their current financial workflow. Agency invoice and IO records are communicated to FastPay through simple API integration, enabling faster payment to publishers and process efficiencies for agencies.
- Secure and SOX compliant – FastPay’s proprietary technology platform dynamically assesses the credit worthiness of media businesses, ensuring security on both ends, with FastPay providing loans in real-time. This allows our clients and partners to understand revenue and clear media buys accurately and efficiently.
The FastPay partnership is supported as an API integration with Prisma agencies. To learn more about the partnership and begin using FastPay’s services, please contact your Mediaocean account manager.