This new offering, paired with Ingo’s check funding solution, provides issuers with a comprehensive system for secure and fast account funding across checks, cards, and ACH.
In today’s financial landscape, issuers must balance the need for fraud prevention with the need for swift and efficient account funding. Traditional methods like ACH are often slow and risky, leading to unfunded accounts and increased acquisition costs. Card funding, while quicker, is highly vulnerable to fraud, prompting many issuers to reduce or eliminate this option.
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