Agile Payments recently announced that it will now offer ODFI bank services to further enhance their financial services portfolio. This strategic expansion is a key milestone for Agile Payments and expands their ODFI bank services to the benefit of individuals and businesses involved in the method of e-fund transfers.
It is important for our Agile Payments clients to understand what becoming an ODFI (Originating Depository Financial Institution) means. It is a not a huge deal to the user as far as software and how they need to operate but they need to be aware of the capability. As an ODFI, Agile Payments is now empowered to roll out an entire suite of services that are focused on streamlining financial transactions and enhancing the efficiency of electronic payments.
1. Quicker, More Secure Transactions Increase the speed of ACH transactions for businesses and individuals. Payments are processed more quickly and money is received in a shorter amount of time. Your funds are moved faster and stay secure during the transfer. 2. More Payment Options Agile Payments will have more payment options. If you/your client want to offer a certain type of service/agreement/contract that requires a certain type of money transfer to pay for the service, Agile Payments will have the ability to allow you/your client to offer this type of service/agreement/contract. 3. More Control/Visibility Agile Payments provides real-time monitoring and reporting tools to enable clients to accurately track payments. This will come in handy with payments made by different clients paying for different services/agreements/contracts. People/machines make mistakes.
Advantages of Agile Payments ODFI Services to Businesses Optimize Cash Flow Management: Agile Payments ODFI services, ensures timely and efficient funds to be transferred thus help businesses to optimally manage their cash flows within specific time frame for smooth governance and operations. Reduce Transactional Cost: Streamlined ACH processes with Agile Payments means less hands on/off time which can contribute to cost saving on businesses for electronic transactions. Compliance & Risk Mitigation: Agile Payments is extremely focused on compliance and latest financial regulations thus reduces the risk on your end electronically with any transactions making your financials’ to be in a safer mode.
Agile Payments has gone to extreme lengths in order to become a Third Party Payment Processor, they have went as far as becoming an ODFI (Originating Depository Financial Institution) within The FED. This evolution of Agile Payments means that they can meet the needs of a growing number of anyone who needs automated electronic fund transfers.
To sum it all up, Agile Payments’ newest offering of ODFI bank services is truly game changing for extremely high volume businesses that are looking to advance their payment solutions. Just as the world of finance does and will continue to evolve, you can count on Agile Payments to have your back, providing you with easy and innovative ways to facilitate all your financial needs. For more information on ODFI services and how they can benefit you, be sure to visit AgilePayments.com.