#### Unify Your Fintech Stack

Access best-in-class data providers through one seamless integration.

Ruben Izmailyan

Co-Founder, CEO

Ruben Izmailyan

Co-Founder, CEO

# Announcing Quiltt's Real-Time Balances: The Key to Seamless Payments

[Announcing Quiltt's Real-Time Balances: The Key to Seamless Payments](https://www.youtube.com/watch?v=kuAbqr4zVqs)  Quiltt

At Quiltt, we're committed to streamlining financial operations for businesses that leverage open banking data. Today, we're thrilled to announce our latest feature: Real-Time Balances. This feature tackles a common pain point in open banking payments – the risk of working with outdated account balance information.

## **What are Real-Time Balances?**

Normally accounts connected through an aggregator like [Plaid](https://plaid.com/) or [MX](https://www.mx.com/) provide balances that may be several hours to several days out of date. This makes these balances unsuitable for payment workflows, without handling provider-specific balance refresh flows. Quiltt’s Real-Time Balances solves this problem by providing on-demand, up-to-the-minute balance information for a user's connected bank accounts through a single straightforward API interface. With Quiltt, you always have the most accurate financial picture at your fingertips, no matter the provider under the hood.

## **Why are Real-Time Balances Important?**

- **Seamless Payments:** Say goodbye to declined transactions due to insufficient funds. Real-Time Balances ensure you have the precise data needed to initiate successful payments.
- **Informed Decision-Making:** Make business-critical financial decisions with confidence, knowing that you're working with the most current balance information available.
- **Enhanced Customer Experience:** Prevent payment failures and deliver a frictionless experience that builds trust and loyalty with your customers.

## **How Quiltt Makes Real-Time Balances Easy**

We've designed our Real-Time Balances feature to be intuitive and powerful:

- **Webhooks Integration:** Get notified instantly when an account balance changes, thanks to our seamless webhook integration.
- **Straightforward Interface:** Requesting and using real-time balance updates is effortless within Quiltt's user-friendly platform.
- **Simple API Calls:** Initiate balance refreshes quickly and easily through our state-of-the-art API.

## **Upgrade Your Payment Operations**

Quiltt's Real-Time Balances feature eliminates the guesswork in open banking payments, empowering you with accurate financial data whenever you need it.  This translates into fewer failures, smarter decisions, and happier customers.

Are you ready to experience the power of real-time financial data? [Contact us today to learn more about Real-Time Balances](https://www.quiltt.io/contact-sales) and revolutionize your payment processes with Quiltt!

### Learn more with our resources

**Quiltt Raises $2.6m to Fix Open Banking's Integration Problem**  Today, we’re excited to announce the close of our $2.6m priced seed equity round led by NVP Capital, with participation from Mastercard, K Street Capital, Mintaka, Abstraction Capital, and others.

**What Are Payment Rails?**  Find out how payment rails work, why they matter, and how a payment rails API can improve your payment strategy and user experience.

**Account Aggregation for Investment Platforms**  Learn how financial data aggregation empowers investment platforms with secure account linking, real-time insights, and scalable growth.