How Endpoint Authentication Can Make (Or Break) The Digital Disbursement
July 22, 2020
Though speed was certainly a priority earlier this year when the U.S. federal government disbursed billions of dollars in relief funds to more than 127 million Americans (and counting), mishaps and delays raised some eyebrows and had many in the financial services community wondering: What went wrong?
The government’s experience in disbursing stimulus funds via paper check and direct deposit offered a chance for those in the digital disbursements technology arena to learn from the government’s successes and mistakes, according to Lisa McFarland, executive vice president and chief product officer at Ingo Money.
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What hurdles are keeping more consumers from using P2P payments, and how can they be addressed?
Providing one network to streamline transactions — ranging from simple to complex — is no easy task.
Although payments in the tens of thousands or even millions tend to characterize business payments, the reality is that many payments made by global buyers to their suppliers are anything but that.
Challenger banks, Ingo Money CEO Drew Edwards said, have done a great job of appealing to a younger, digital-first, digital-only consumer.
Enabling merchants to accept payments is a straightforward process that offers the customer many options for how they want to get the transaction done.