Product Spotlight: Instant Payments
Grow Loyalty and Lifetime Value with Real-time Push Payments
You’re passionate about engaging your customers and growing lifetime value. You know your customers are moving at smartphone speed – but often their money does not. The reality is, that today’s consumers want and need to get paid instantly. A recent study* by Aite Group finds demand for instant payments is high with 65% of consumers stating it is important to receive instant payments from businesses that owe them money – with no hold up for weekends and holidays. Checks, ACH and direct deposit payments are slow and outdated, making consumers wait and dulling competitive advantage.
With Ingo Push, our instant money solution, you can pay your customers their rebates, rewards and cash back in real-time to any debit, credit, prepaid or digital wallet account including PayPal, through a simple API integration. Your customers can finally get the speed, convenience and the choice they desire when it comes to their money.
Real-time money movement is hard. We make it easy.
With our radically simple integration and turn-key push to card service, you can be up and running in about 90 days to start letting your customers receive their funds instantly to their favorite accounts.
With nearly 20 years of experience moving money instantly, Ingo Money is the leader in driving innovation in real-time payments. Many of today’s most admired brands including ADP, Keybank, OnDeck, PayPal and Safelite are offering instant money solutions using Ingo Money solutions.
* Aite Group, The Instant Money Economy: Making business to Consumer Disbursements Faster (September 2018)
Efficient and Cost Effective
- Pay and reward customers in minutes – in any account they choose
- Improve LTV – increase transaction frequency, add a new revenue stream with a minimal instant payment fee or reward customers with free instant payment
- Fast and easy implementation with a single API
Be Up and Running in 90 Days
Our Instant Money as a Service is a network of networks reaching nearly every type of account including debit, prepaid, credit card and mobile wallet accounts, and even offers cash disbursement capabilities. Best of all, it combines everything you need – compliance, risk management and routing intelligence – with payments instruments that consumers already know and use with no additional bank forms or account numbers to memorize. From technology services and processing support to intelligent routing to ensure payments arrive fast as promised, our modular and configurable services enable you to pay anyone, anywhere instantly with complete confidence and ease.
What makes a great B2C push payments solution?
Built-in acquiring and settlement bank sponsorship plus compliance controls on a mature, regulatory-compliant platform
Multivariate user authentication, account verification and transaction validation, with 24/7 transaction and system monitoring
Reach & Reliability
Independent, multi-network connectivity to almost any debit, prepaid or credit card, mobile wallet and cash pick-up location
Intelligent BIN routing and automatic re-routing via alternate connections minimize transaction failures and maximize speed
End-to-end transaction processing visibility and support for customer servicing and dispute resolution
Getting Started with Push Payments
A recent study* by Aite Group finds demand for instant push payments is high with 65% of customers stating it is important to be able to receive instant payments from businesses that owe them money. That number soars to 86% for small businesses.
Study: Making B2C Disbursements Faster
Review the key findings from a recent Aite Group study on the demand for instant payments – the business opportunity to be sizeable. The study reveals the key features consumers and SMBs prefer, as well as their willingness to pay a fee for instant payments.
The monthly Disbursement Tracker, our collaboration with PYMNTS.com, offers updates on on-demand companies offering instant payments. Read the latest edition for current trends and insights on the benefits from B2C instant push payments.
“Ingo Money has a mature and sophisticated push payment service”
-Bill Sheley, Head of Global Push Payments, Visa
Interested in Instant Payments for your rewards, rebate and cash back customers?
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