ACI Worldwide launches instant payment service via Mastercard Send, Visa Direct
Source: Mobile Payments Today
ACI Worldwide announced the launch of a service called ACI Disbursement Services, which allows businesses to send payments directly to customer debit cards, according to a press release.
The Naples, Florida-based payments company said the new service, which is part of its Up Bill Payment business, allows businesses, such as banks, insurance companies and other organizations to make real-time payments through Visa Direct and Mastercard Send.
"It currently takes several days to send out disbursements to consumers, which is unacceptable in a world where consumer expectations for instant and digital payments are high," Sanjay Gupta, executive vice president, ACI Worldwide, said in the release. "This is especially true with the Gen Z population, whose biggest challenge is the speed with which they receive money."
ACI cited research from Aite Group that shows 65% of consumers say it’s important for them to receive instant payments from companies or government agencies.AbnAsia.org Software. Faster. Better. More Reliable. +1-669-999-6606 +84-945-924-877 firstname.lastname@example.org