Bank payment firm GoCardless has teamed up with Cashflows to drive Cashflows Payouts, a service that allows businesses to make real-time payments using A2A technology.
Cashflows is a platform designed to simplify the way businesses accept and manage payments. The partnership between GoCardless and Cashflows will enhance the efficiency of Cashflows Payouts by providing a self-service portal that streamlines traditional disbursement processes, ensuring faster and secure payouts.
Streamlined payouts for merchants
Merchants can now provide their customers with immediate access to funds, even outside regular banking hours. Cashflows Payouts enables businesses to create payment requests and securely gather recipient bank details through Confirmation of Payee (CoP). Optional ID verification steps can be added for an extra layer of security, ensuring payouts are directed accurately to the correct individuals and reducing fraud risks.
This solution is particularly beneficial for merchants in sectors like competitions and games of skill, where annual bank information collection processes can be cumbersome. Cashflows Payouts aims to streamline this process, improving operational efficiency and customer satisfaction by allowing faster and more secure payouts. Additionally, businesses gain real-time visibility into all payouts, which supports better cash flow management.
Cashflows has structured the solution to reduce delays and complexity for businesses sending payments. By leveraging A2A payment technology in partnership with GoCardless, the platform offers a reliable method of managing disbursements while enhancing customer trust and satisfaction. This aligns with Cashflows’ mission to continuously improve its offerings, providing greater flexibility and control over fund movements.
GoCardless emphasizes that this partnership will bring A2A payment efficiency to disbursement processes, helping businesses reduce friction and deliver funds more quickly and securely, regardless of the payout. The company believes direct bank payments can simplify money movement for all involved parties.
