Unifying Issuing and Acquiring: Splitit’s Expansion Shows Why Enterprises Choose Highnote

2025 has been a defining year for acquiring at Highnote. In just a few months, we have seen major enterprise partners choose to move acquiring volume onto our platform to simplify fund flows, bring intelligence to repayments and settlement, and eliminate the fragmentation of traditional provider stacks.

Today, Splitit, a pioneer in embedded card-linked installments, became the latest to expand on that vision.

Splitit already relied on Highnote to issue virtual cards for pay-later purchases at the point of sale. Now, the company will also process the card payments customers make when repaying those installments through Highnote acquiring. Bringing issuing and acquiring together on one unified platform gives Splitit the transparency, speed, and control that modern payment lifecycles demand.

Why Enterprises Are Moving Acquiring Volume to Highnote

Across our partner base, we are seeing a consistent pattern: enterprises want a single, intelligent place to move money in, manage it, and move it out. That used to mean stitching together multiple processors, platforms, and reconciliation tools. It took time, created risk, and slowed innovation.

Highnote is designed to remove that drag.

With acquiring and issuing unified on the same architecture, companies can:

• See both sides of every payment flow in real time
• Apply risk and compliance controls consistently
• Reduce the number of vendors managing data and settlement
• Improve reconciliation accuracy and speed
• Launch new experiences without reworking their stack

For Splitit, this unlocks a complete installment payment lifecycle in one place. Virtual cards pay merchants up front, and card acquiring brings repayments back through the same system. The result is faster fund movement, unified data, and a single source of truth across transactions.

As Ran Landau, CTO of Splitit, put it:

When repayment flows through the same platform that powers our issuing, we get end to end transparency in real time for every transaction. That clarity helps us speed up settlement, streamline operations, and maintain the highest standards of reporting for Splitit and our customers.

Acquiring Momentum and the Proof of a Unified Platform

Highnote’s acquiring solution connects directly to major card networks and supports both simple plug-ins and custom built experiences. The platform is built to reduce intermediaries. That means less data loss, fewer delays, and fewer sources of error between authorization and settlement.

For companies like Splitit, that efficiency translates into measurable outcomes:

• Repayment data sits in one ledger
• Payments reconcile faster
• Risk and fraud tooling applies across issuing and acquiring
• Settlement speeds improve without added complexity

As TJ Grissom, GM of Acquiring at Highnote, explains:

This expansion builds on the significant enterprise momentum we are seeing with our acquiring solution and illustrates how leading brands are consolidating their payments infrastructure on Highnote to move faster and differentiate.

Unified Issuing and Acquiring Is Becoming the Default

Splitit first partnered with Highnote in early 2025 using our automated virtual cards that pay merchants instantly at the point of sale without requiring integration changes. Bringing repayment onto the same platform is the natural next step and mirrors what we are seeing with other enterprise partners:

• Start by solving one side of a payment flow
• Expand to bring the other side under the same platform
• Unlock consistent control, visibility, and speed across the entire lifecycle

The evolution happening with Splitit shows where payment infrastructure is heading. Enterprises want issuing and acquiring to work together rather than in isolation. They want faster ways to settle funds, cleaner operational data, and the freedom to innovate without waiting on legacy platforms.

That is exactly what Highnote was built for.

If you would like to learn more about Highnote acquiring or our unified approach to issuing, acquiring, credit, and real-time money movement, visit highnote.com or contact our team.