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Fiserv diversifies digital payout choice with Carat

Friday 10 June 2022 10:43 CET | News

US-based Fiserv, global provider of payments and fintech solutions, has expanded its portfolio of payout options available to businesses using its Carat operating system to include digital checks.

Created in collaboration with Checkbook, an all-in-one push-payments processor, this new capability allows businesses that deliver mass payouts to offer additional choice.

At Fiserv, digital payouts are part of the Carat operating system that securely delivers pay-in and payout capabilities across channels and devices. Clients using Carat can allow their customers to choose the payout method of their choice, including an ACH deposit to their bank account, a credit to their credit or debit card, prepaid card, or digital wallet, or a check.

When requesting a check, the recipient can now opt for a digital check that is delivered via email in a matter of minutes. The digital check can then be printed and physically deposited or digitally deposited into a bank account.

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Keywords: product upgrade, payout, digital payments, mobile money, ACH
Categories: Banking & Fintech
Companies: Fiserv
Countries: United States
This article is part of category

Banking & Fintech

Fiserv

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