To allow businesses to send money to consumers’ bank accounts in real time using their debit cards, real-time electronic payment and banking solutions provider ACI Worldwide announced the rollout of ACI Disbursement Services. The debit card disbursements tap into the Visa Direct and Mastercard Send real-time payments platforms, the company said in an announcement.
“It currently takes several days to send out disbursements to consumers, which is unacceptable in a world where consumer expectations for instant and digital payments are high,” ACI Worldwide Executive Vice President Sanjay Gupta said in the announcement. “We’re excited to launch ACI’s Disbursement Services to help transform consumers’ payment experience and reduce business costs associated with printing and mailing checks.”