The new payment option will make it possible for Govolution clients to accept consumer payments that will be processed in real-time through multiple ATM networks via Online Resources patented EFT gateway. In addition to being less costly to process than credit card or offline debit payments, PIN-less Debit is more efficient than traditional ACH-based payments as it eliminates the risk of non-sufficient funds and provides more flexible settlement and funds availability schedules. For financial institutions business customers, Govolutions solution enables effective treasury department management of all enterprise e-payments, including PIN-less Debits, by providing the online capability to monitor transaction costs, optimize settlements and improve forecasts.
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