Payment stock Visa (V) has inked a deal with privately held Ingo Money to offer companies an alternative to paper checks, as business payments belatedly move into the digital age.
Ingo Money QuickConnect is touted as a turnkey solution that allows companies to pay customers immediately via push-to-card payments through the Visa Direct platform.
“There has been significant growth in push payments driven by increased customer demand for instant access to funds,” Visa Direct North America head Cecilia Frew said in a press release. “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.”
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