Bank payment firm GoCardless has joined forces with Cashflows to power the latter’s Payouts solution, which enables businesses to perform real-time payments via A2A (Account-to-Account) technology.

Cashflows is a platform that simplifies payment acceptance for businesses. Its collaboration with GoCardless supports Cashflows Payouts, a service designed to revolutionize business disbursements by enhancing traditional procedures and allowing for instant, secure payouts through a self-service interface.

Simplifying merchant payouts

With this solution in place, merchants can now provide their customers with immediate access to funds at any time, including weekends, evenings, and public holidays. Cashflows seeks to improve the payout process for merchants by enabling them to create payment requests, securely collect recipient bank details using Confirmation of Payee (CoP), and authorize payouts. Optional ID verification can also be requested from recipients to enhance security, ensuring that payments reach the correct individuals and reducing fraud risks.

The solution is particularly beneficial for businesses operating in sectors like competitions or games of skill, where verifying and collecting bank information currently requires annual, labor-intensive processes. Cashflows Payouts aims to streamline this journey, enhancing operational efficiency and the customer experience by allowing end-users to receive payouts faster and more securely. Additionally, businesses gain real-time visibility into all payouts, improving cash flow management.

Cashflows developed this solution to reduce delays and complexities in payment disbursements for businesses. By harnessing A2A payments technology and working closely with GoCardless, the company offers a dependable method for handling disbursements while boosting customer trust and satisfaction. This aligns with Cashflows’ mission of continually improving its offerings to provide greater flexibility and control over how clients manage their funds.

GoCardless stated that this partnership brings A2A payment efficiency to disbursements, helping businesses streamline the process, reduce friction, and deliver money more quickly and securely. The company believes direct bank payments can simplify financial transactions.