Cashflows teams up with GoCardless to bring A2A payments to disbursements

Source: GoCardless

Bank payment company GoCardless has partnered with Cashflows, the platform that helps businesses easily accept payments, to power Cashflows Payouts, a streamlined new solution that enables businesses to send real-time payments using account-to-account payment technology.

Cashflows Payouts changes how businesses handle disbursements. This new offering transforms traditional processes by enabling instant, branded, and fully secure payouts through an intuitive self-service portal. Whether issuing refunds, winnings from competition games, insurance claims, or other payouts, merchants can now offer their customers immediate access to funds 24/7 – including evenings, weekends, and bank holidays.

This solution is delivered through a custom interface built by GoCardless’s partner Cocoon, recently acquired by Bumper. This interface streamlines payouts for merchants, enabling them to easily create payment requests, securely collect recipient bank details using Confirmation of Payee (CoP) for accuracy, and quickly authorise payouts. For added security, the platform also provides an optional feature to request ID verification from recipients, ensuring payouts go to the right individuals and reducing fraud risk.

This is particularly impactful for merchants in sectors like competitions and games of skill, where the current processes to verify and collect bank details are often manual and labour-intensive. This offering will improve operational efficiency and customer satisfaction, with end users receiving payouts more quickly and securely. In addition, businesses will gain real-time visibility into all payouts to better manage their cash flow.

Hannah Fitzsimons, chief executive officer of Cashflows, said: “Cashflows Payouts is designed to eliminate the delays and complexity businesses often face when sending payments.

“By harnessing the power of account-to-account payments – and working closely with trusted partners like GoCardless – we’re giving businesses a fast, secure, and reliable way to manage disbursements, while improving customer trust and experience. This is further evidence of how we’re significantly enhancing our product offering, giving our customers even greater flexibility and control over how they move money.”

Annemarie Graham, director of commercial & partnerships at Nuapay, a GoCardless company, said: “Partnering with Cashflows allows us to bring the efficiency of account-to-account payments to a whole new area – disbursements. This is about helping businesses remove friction and deliver funds quickly and securely, whatever the payout.

“It’s a clear example of how direct bank payments can make moving money simpler and more reliable for everyone. We’re proud to work with best-in-class partners to deliver streamlined payouts for hundreds of merchants.”

Further reading: GoCardless selects account-to-account platform to boost Bacs connectivity