We’ve layered Plaid’s data over top of our core payment engine to deliver the most powerful API based EFT payments solution in the market.
Verify users identities and authenticate bank account prior to the transaction.
Reduce NSF fees by having visibility into bank accounts available funds.
Auto-fill forms with identity data when users link their bank accounts.
Get full visibility into each transaction with courier package like tracking.
Validate transaction status and access to funds with in 24 hours.
Offer on demand products and services to retail clients.
Improved cash flow and customer satisfaction with significantly improved processing times:
Consumers can pay for goods and services online and “on the go” directly from their bank account in a few easy steps:
A VoPay generated token is returned each time by a merchant when the user initiates a payment. VoPay then validates the balance and account status instantly and initiates the transaction if the required criteria is met. You no longer have to worry about storing any payment data on your system.
Take advantage of your existing data integration with Plaid by leveraging your data tokens and have your users skip all the authorization access and bank account selection steps, streamlining the payment check out experience. You’ll need to sync your data aggregator account with VoPay to enable this.
Some of the most common use cases and benefits include:
Optimized cash flow through faster payments
Streamlined back-office operations through reduced NSFs and returns
Increase revenue with reduced merchant fees and decreased chargeback risk
Improve payment security through verified users and data tokenization
Get access to our developer friendly API and get a feel for how our payment solutions work.
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