Includes bank sponsorship, user and account authentication and more, according to the release.
Georgia-based instant money fintech Ingo Money has launched a new turnkey solution that lets companies offer customers push-to-card payments through Visa Direct, according to a recent press release.
Founded in 2013, Ingo Money provides application to pay, personal and business checks, and offers instant loans to small businesses via its software-as-a-service platform, Ingo Push.
The new solution – Ingo Money QuickConnect – will reportedly help merchants, banks and businesses to make “real-time corporate disbursements” faster, and provides a variety of functions, including bank sponsorship, user and account verification tools and intelligent payment routing.
“There has been significant growth in push payments driven by increased customer demand for instant access to funds,” Cecilia Frew, senior vice president, Head of Visa Direct North America, said in a statement. “We are excited that Ingo Money, one of our first enablement partners, is helping to maximize Visa Direct’s capabilities to create a seamless, integrated push payment solution for end-users through Ingo Money QuickConnect.”
The release also contains a summary of the payment solutions QuickConnect offers. For example, it implements intelligent routing and automatic re-routing through redundant endpoints for speedier, more reliable service. Integration is also flexible, with “optional iFrame, fully-branded SAAS solution or simple API integration” available, per the 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,” said Drew Edwards, Ingo Money CEO. “Ingo Money QuickConnect removes the burden and allows a company to almost immediately begin offering real-time payments through Visa Direct, while retaining the ability to easily expand the solution later to include payments to online wallets like PayPal and Amazon or even cash out Moneygram locations.”