Business partnership announced: Cashflows collaborating with GoCardless to revolutionize business disbursements
Cashflows, in partnership with GoCardless, has introduced a groundbreaking solution designed to revolutionise the way businesses manage their disbursements: Cashflows Payouts. This innovative offering aims to enhance operational efficiency and customer satisfaction for businesses across various sectors.
Cashflows Payouts is engineered to provide businesses with a more effective way of managing their cash flow. The platform, powered by GoCardless and featuring a custom interface developed by Cocoon (recently acquired by Bumper), simplifies and accelerates the process of sending refunds, competition winnings, insurance claims, and other disbursements.
One of the key features of Cashflows Payouts is its ability to enable instant, branded, and secure payouts through an intuitive self-service portal. This transforms traditional payout processes by providing immediate access to funds 24/7, including evenings, weekends, and bank holidays.
The custom interface streamlines payouts for merchants, enabling them to easily create payment requests, securely collect recipient bank details, and quickly authorize payouts. For added security, the platform offers an optional feature to request ID verification from recipients. This ensures that payouts are made to the intended individuals, further reducing fraud risk.
Businesses will also gain real-time visibility into all payouts, enhancing their ability to manage cash flow effectively. The platform utilizes account-to-account payment technology and incorporates Confirmation of Payee (CoP) technology to verify the accuracy of recipient bank details, reducing the risk of errors and fraud.
Hannah Fitzsimons, CEO of Cashflows, states that Cashflows Payouts is designed to eliminate delays and complexity in sending payments. "With Cashflows Payouts," she says, "end users will receive payouts more quickly and securely."
Annemarie Graham, Director of Commercial & Partnerships at Nuapay, a GoCardless company, is proud to work with Cashflows to deliver streamlined payouts for hundreds of merchants. "This offering is particularly impactful for merchants in sectors like competitions and games of skill," she notes.
The partnership between Cashflows and GoCardless brings the efficiency of account-to-account payments to disbursements, aiming to help businesses remove friction and deliver funds quickly and securely. The solution further enhances Cashflows' product offering, giving customers greater flexibility and control over how they move money.
In conclusion, Cashflows Payouts is a game-changer for businesses seeking a secure, efficient, and user-friendly solution for their disbursement needs.
Cashflows Payouts, powered by GoCardless, offers businesses a secure and user-friendly solution to manage their disbursements, such as refunds, competition winnings, and insurance claims, by providing instant, branded, and secure payouts through an intuitive self-service portal. This collaboration between Cashflows and GoCardless, leveraging technology, intends to streamline business operations and increase customer satisfaction by removing delays and complexity in sending payments.
