Splitit has extended its partnership with Highnote, a unified platform for acquiring, issuing, credit and real-time money movement, to issue virtual cards and process payments.

The company will utilize Highnote to handle installment repayments from customers, streamlining its dual-sided payment flow into a single provider. This integration through a unified platform that oversees issuance can enhance transparency in real-time for every transaction, accelerating settlements, improving operational efficiency, and maintaining high standards of reporting for consumers.

Combining issuing and acquiring on one platform

Highnote is an Embedded Finance platform designed to merge developer tooling with intelligent architecture, offering enhanced, branded financial experiences. It includes built-in ledgering, integrated payment capabilities, and comprehensive program management, supporting businesses like fintechs, vertical SaaS providers, and enterprises in launching distinct embedded payments solutions.

Highnote commenced its collaboration with Splitit early in 2025 to drive its installment solution via automated virtual cards that pay merchants instantly without the need for new POS systems. The current alliance reflects growing enterprise interest in Highnote’s acquiring solution, indicating how brands are consolidating their payment infrastructure on this platform to accelerate and differentiate.

This effort supports Splitit in managing both sides of the payment process, paying merchants upfront and collecting repayments over time from a single location. It enables faster financial transfers, unified data management, simplified compliance, and streamlined reconciliation.

Highnote’s acquiring mechanism allows companies to accept card payments through plug-ins or customized paths by directly connecting with card networks. This approach minimizes delays, reduces costs, and cuts operational complexities. Splitit aims to contribute further to the development of embedded credit and payment solutions, which are pivotal for transforming customer experiences and enhancing merchant success.

For partners like Splitit, integrating Highnote acquiring means that repayments run through the same platform that pays merchants, all transaction data is recorded in a single real-time ledger, and reconciliation processes become simplified. Additionally, consistent fraud, compliance, and risk controls are applied, leading to faster fund settlements with fewer errors.