Ingo Money, Visa Direct power quicker push-to-card payments
Ingo Money QuickConnect allows merchants, corporations, banks and other organizations to quickly deploy Visa Direct-powered, real-time corporate disbursements.
The new software includes bank sponsorship, user authentication and account verification tools, as well as payment routing and other features.
Companies currently engaged in the slower processes of ACH payments or paper checks when paying suppliers and vendors, would be able to meet the demand of its customers preferring faster transfers direct to payment cards, Atlanta-based Ingo Money noted in a Thursday press release. “We’ve heard time and again from customers that they need to deploy a push-to-card payment solution but are intimidated by the time and effort required,” Ingo Money CEO Drew Edwards said in the release.
The integrated payment solution allows users to choose from various acquiring bank sponsors, set up automatic payment re-routing, configure security tools, set up a simple API integration or a fully branded software-as-a-service, and customize transaction reporting.
“There has been significant growth in push payments driven by increased customer demand for instant access to funds,” said Cecilia Frew, senior vice president and head of Visa Direct North America, said in the release.