Govolution to Offer Lower Cost Bill Payment Option

Friday 22 April 2005 03:01 CET | News

Govolution through an alliance with Online Resources Corporation, plans to offer its clients a new, low cost option for bill payments. Govolution will provide PIN-less Debit to its client government and corporate consumer billing organizations, such as utilities, and to financial institutions that offer payment capabilities to their business customers.

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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Categories: Payments & Commerce | Payments General
Countries: World
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