The Bancorp has announced that ACI Worldwide will utilise push-to-card payments technology to offer faster payment experiences to its corporate customers. The Direct Rapid Funds platform, developed by The Bancorp and enabled by Visa Direct, Visa’s real-time payments solution, offers a way to change how businesses meet the needs of their customers and employees by offering faster funds disbursements. The Bancorp currently facilitates more than 35 million faster payment transactions each month.
“The surge in demand for payments that are faster, less expensive and more accessible has created an opportunity that The Bancorp is fulfilling with forward-thinking technology,” said Matt Carberry, the firm’s EVP, head of Payment Acceptance. “With support from Visa, and through partners such as ACI Worldwide, our Direct Rapid Funds platform enables access to cutting-edge payments solutions for businesses of all sizes through an intuitive and customisable platform.”
“Today’s businesses expect fast, easy and secure ways to pay,” said Sanjay Gupta, EVP at ACI Worldwide. “As a leading developer of real-time payments and bill payment solutions, we continue to meet these evolving expectations and advance the market. And through our work with The Bancorp, we deliver businesses a transformational payment experience.”
“We’re excited to work with The Bancorp to build out a real-time payments platform for ACI Worldwide through the use of Visa Direct,” commented Mike West, vice president of Business and Government Disbursements at Visa. “Together, we are meeting the needs of businesses today for secure, easy and fast ways to pay by providing access to a platform that brings a cutting-edge and reimagined payments experience.”
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