Payment service Cashflows partners with GoCardless to introduce Account-to-Account (A2A) transactions for disbursements
The partnership between GoCardless and Cashflows is set to revolutionize business payouts, offering significant benefits in terms of efficiency, security, and real-time visibility.
The collaboration between these two companies enables the application of account-to-account (A2A) payments to disbursements, streamlining payouts by allowing real-time, seamless transfers without relying on slower legacy payment methods. This streamlined approach supports 24/7 merchant payouts through self-service tools that reduce manual processes and accelerate cash flow management.
Disbursements are processed through secure, branded platforms, ensuring the integrity and safety of transactions while giving businesses control over their payout processes. This increased security reduces risk compared to traditional payment infrastructures and strengthens trust between businesses and their recipients.
Businesses also gain real-time insight into payout statuses thanks to the integrated platform, enabling transparency and immediate awareness of successful or pending disbursements. This visibility improves financial management and customer experience.
Hannah Fitzsimons, CEO of Cashflows, states that Cashflows Payouts aims to eliminate payment delays and complexity. The solution allows merchants to issue refunds, winnings, insurance claims, and other payouts 24/7, including evenings, weekends, and bank holidays.
The custom interface for Cashflows Payouts is built by GoCardless's partner Cocoon, recently acquired by Bumper. The interface streamlines payouts for merchants, enabling them to easily create payment requests, securely collect recipient bank details, and quickly authorize payouts. An optional feature is also available to request ID verification from recipients for added security.
This partnership is not related to the earlier mentioned article about GoCardless boosting Bacs connectivity. The benefits of this partnership extend to hundreds of merchants, enhancing operational efficiency and customer satisfaction by offering quicker and more secure payouts. By working with trusted partners like GoCardless, Cashflows Payouts aims to improve customer trust and experience.
In summary, the GoCardless and Cashflows partnership revolutionizes business payouts by delivering fast, secure, and transparent account-to-account payments tailored specifically for disbursements, enhancing operational efficiency and control for businesses.
The GoCardless-Cashflows partnership applies account-to-account (A2A) payments to disbursements, streamlining payouts and providing real-time, seamless transfers with enhanced security. Merchants can issue refunds, winnings, insurance claims, and other payouts 24/7 through self-service tools, reducing manual processes and potential payment delays.
Secure, branded platforms ensure the integrity and safety of transactions, while reduced risk compared to traditional payment infrastructures strengthens trust between businesses and their recipients. An optional feature is available for identity verification of recipients to increase security even further.
The collaboration supports 24/7 merchant payouts, offering increased real-time visibility into payout statuses, improving financial management and customer experience. The custom interface for Cashflows Payouts, built by GoCardless's partner Cocoon, facilitates easy payment requests, recipient bank detail collection, and payout authorization.
The benefits of this partnership extend to hundreds of merchants, enhancing operational efficiency and customer satisfaction through quicker, more secure payouts. GoCardless and Cashflows aim to improve customer trust and experience through their partnership, which does not involve the earlier mentioned boosting of Bacs connectivity.
Ultimately, the partnership revolutionizes business payouts, delivering fast, secure, and transparent account-to-account payments specifically for disbursements, thus providing businesses with greater operational efficiency and control.
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