When Highnote launched in 2021, the company provided a cloud-based full-stack service that handled card account processing, issuance and program management to fintechs seeking a partner for embedded financial services. The most noteworthy technology in Highnote’s platform is an integrated multicurrency general ledger system—a feature not available from similar API-based card account processors. That general ledger facilitates real-time funds-in/funds-out transactions. Highnote is now leveraging that capability by offering existing and new customers support for merchant acquiring. It ...