U.S. fintech Ingo Money announced on Thursday the launch of its new feature, Into Money QuickConnect. According to the company, Ingo Money Connect is a turnkey solution that allows any company issuing disbursement to customers to offer push-to-card payments through Visa Direct. It was revealed:
“Designed to help merchants, corporations, banks and others accelerate the deployment of Visa Direct-powered real-time corporate disbursements, the new solution includes: bank sponsorship, user authentication and account verification tools, intelligent payment routing, and more.”
Ingo Money QuickConnect offers a complete integrated payment solution, which includes the following:
- Bank sponsorship: Choose from multiple operational acquiring bank sponsors
- Routing Intelligence: Intelligent routing and automatic re-routing via redundant endpoints to maximize speed and reliability
- User authentication and account verification: Configurable tools for transaction safety and security
- Integration flexibility: Optional iFrame, fully-branded SAAS solution or simple API integration
- Aggregated settlement: Cross-party reconciliation services and a single, integrated pre-staged settlement to simplify reconciliation
- Reporting: robust, customizable transaction reporting capabilities
While sharing more details about the solution and partnership with Ingo Money, Cecilia Frew, senior vice president, Head of Visa Direct North America of Visa, stated:
“There has been significant growth in push payments driven by increased customer demand for instant access to funds. 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.”
Ingo Money CEO, Drew Edwards, added:
“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 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.”
