News

KeyBank, Ingo Money partner to launch real-time payments

July 23, 2018

KeyCorp has launched an instant payment solution with Ingo Money that allows KeyBank business clients to disburse guaranteed funds in real time through Ingo Push a turnkey push payment platform from Ingo Money.

According to a press release, KeyBank commercial clients will be able to quickly and easily turn slow, expensive paper checks and ACH deposits into instant, fully guaranteed funds that are immediately available in their customers' accounts.

The network reach and intelligent routing system of Ingo Money ensure industry-leading delivery rates for these commercial clients, the release said.

Matt Miller, head of product and innovation at KeyBank Enterprise Commercial Payments, said: "With potential delays and security risks, it comes as no surprise that organizations are seeking ways to substitute paper-based payments with digital transactions. Consumers are increasingly demanding an instant experience. Our priority is to provide businesses with secure solutions that address these pain points while also streamlining processing and enhancing the consumer experience. By replacing paper and manual systems, this digital payment solution can help businesses cut operating costs and eliminate the delay and risk of check deposit."