Category: Payment Solutions

Real-time funds disbursement

Real time funds disbursement from DiPocket

Real time funds disbursement from DiPocket


Why every business should embrace
fast, efficient payment solutions.

 

Advances in financial technology and changing consumer expectations are driving a shift towards real-time funds disbursement. Businesses are constantly looking for ways to optimise operations, reduce costs, and enhance customer satisfaction.

As a provider of funds disbursement solutions at the forefront of this technology, we understand the transformative effect that real-time payments can offer. That’s why we are working with Visa Direct™ and Mastercard Send™ to bring real-time disbursement to our customisable card issuing and virtual payment solutions.

What are real-time disbursements?

Real-time funds disbursements in banking refer to the ability to instantly transfer funds from one account to another, providing recipients with immediate access to those funds.

This is achieved through digital payment methods like push-to-card, where funds are directly credited to a recipient’s virtual or physical card. Real-time disbursements reach the recipient’s card, Visa, Mastercard, Google Wallet or Apple Pay account in real-time – within milliseconds.

The benefits of real-time disbursements

Real-time funds disbursements have been shown to significantly enhance customer satisfaction, in a world where speed increasingly drives desire.

Research shows that 33% of consumers would be willing to pay a fee to receive money in real time, and 2 out of 3 consumers would be more likely to continue doing business with firms that provide real time payment options. Instant payments reached a global market value of $10.6 billion in 2020 and are expected to grow at a compound annual growth rate (CAGR) of 33% from 2021 to 2028*.

How does it work?

Real-time disbursements can be integrated into our customisable payment and funds disbursement solutions, enabling seamless and convenient payment experiences for your customers, suppliers or staff.

Real-time disbursement facilities remove any need to enter multiple details such as bank sort codes and account numbers. Simply enter the 16-digit card number of the account to be paid, and the transaction is completed immediately.

Immediate access to funds

Traditional payment methods often involve processing delays that can last from a few hours to several days. In contrast, real-time funds disbursements ensure that payments are processed almost instantaneously, allowing recipients to access their funds within milliseconds of transaction approval. This immediacy can be particularly beneficial for industries where cash flow is crucial, and global operations dealing with different time zones.

Operational efficiency

Real-time funds disbursements streamline the payment process by eliminating the waiting periods associated with batch processing and bank schedules. This efficiency not only speeds up transactions but also reduces administrative burdens associated with managing and tracking payments. By adopting real-time payments, businesses can improve their operational efficiency, with better management of daily operations, expenses and working capital needs.

Competitive advantage

Adopting real-time disbursements can provide a competitive edge by enabling more agile financial operations. Businesses that offer faster payments are seen as more attractive to work with, attracting partners and clients who value efficiency and modern payment solutions. This advantage can be crucial in industries where timing and reliability are key factors in securing and maintaining business relationships.

Reduced transaction costs

While traditional payment systems often involve various fees, including transaction and processing fees, real-time funds disbursements can be more cost-effective. By leveraging direct bank connections and bypassing intermediaries typically required in conventional payment processing, businesses can reduce per-transaction costs significantly, leading to substantial savings, especially at scale.

Security and compliance

Our real-time funds disbursement solutions are built with security at their core, employing state-of-the-art encryption and fraud detection technologies to protect every transaction. Visa Direct™ and Mastercard Send™ transactions are supported by the same built-in compliance controls, security and transaction limits that we offer across all our turnkey card issuing and funds disbursement solutions.

Adopt real-time disbursements now

In a digital-first world, real-time disbursements represent a fundamental shift in how businesses manage finances. By choosing to use Visa Direct™ and Mastercard Send™ with DiPocket, you set your business up for greater efficiency, customer satisfaction and success.

Contact DiPocket now to find out more about how we can help transform your card issuing and payment solutions.

* https://www.pymnts.com/news/faster-payments/2021/how-consumers-are-driving-demand-real-time-payments/

Leading-edge corporate payment solutions

Corporate payment solutions from Dipocket

Real time funds disbursement from DiPocket


Your out-of-the-box solution for funds disbursement and payment cards.


Disrupted by digital services, the global financial services landscape is rapidly being reshaped. Traditional banking is giving way to more flexible payment solutions that give organisations greater control over their funds, and deliver an enhanced customer experience.

What organisations can benefit from these changes?

Organisations from large corporations to SMEs, charities and even banks can now buy Banking as a Service (BaaS), leaving the complex financial and compliance obligations to the provider.

DiPocket provides a fully managed platform giving you control of payments, supported by our comprehensive security, technical and financial checks. DiPocket’s funds disbursement solution includes the provision of customisable payment cards, and is supported by Visa, Mastercard, Google Wallet and Apple Pay.

Is DiPocket a bank?

No, DiPocket Group is a European BaaS provider, complementary to and independent from banks. We are licensed to operate in Europe (through Lietuvos Bankas in Lithuania) and are regulated in the UK by the Financial Conduct Authority (FCA). DiPocket is a principal member of both Mastercard and VISA, is a SEPA participant and SWIFT member.

We invest heavily in the licencing and operational capabilities typically handled by banks to provide our customers with simple, safe and effective card issuing and funds disbursement solutions.

How does Banking as a Service work?

Whenever you need to move money, this is achieved quickly and effectively through your BaaS system. At DiPocket, we take care of the whole payment and technology infrastructure, so that your customers make or receive payments through a simple and frictionless system. Payments can be made in near-real time, to different countries, and can be added to a customised payment card even if the recipient has no bank account.

Why might you want a bespoke payment solution?

Disbursing funds can be complex and time consuming. By using a BaaS provider, you can quickly make tailored payments for purposes including:

  • Disbursement of funds – including payroll, grants, and financial support
  • Disbursement and repayment of loans
  • BIN sponsorship
  • Employee benefits
  • Gift cards
  • Cashless events

What applications are there for BaaS?

Customers use bespoke payment solutions for a wide range of purposes, including:

Funds disbursement

A simple and cost-effective way to issue funds for payroll, expense management, gift incentives and more. We supply virtual or physical cards with your own branding, which can be set up to your requirements: for example, limited to specific services, shops or classes of goods.

Loan disbursement

A personalised card issuing and virtual payment solution for lenders to streamline disbursements. You manage loan disbursement and repayment, with full control and usage restrictions to prevent over-spending and defaults.

Employee benefits

Enrich your employee offering through branded physical or virtual cards for gym entry, restaurants, shopping and more. DiPocket offers a streamlined and cost-effective mechanism to reward staff and pay bonuses in a tax-efficient manner.

Customised debit cards

Offer your own branded payment card with Visa, Mastercard, Google Wallet and Apple Pay payment options, fully set up and supported by your BaaS provider.

Our payment card solution gives you complete customisation of your funds disbursement to suit your requirements. You can:

  • Specify the currency and country of use
  • Limit payments to particular shops, services or category codes
  • Give real-time access to funds
  • Raise brand awareness and engagement

All this is delivered quickly and cost-effectively through our turnkey card issuing & funds disbursement solution.

Simplified financial management

‘Banking as a Service’ solutions help you by removing the burden of day-to-day management of funds disbursements. You benefit from:

  • A powerful portal which streamlines all disbursements
  • Detailed reporting
  • Complete visibility in real time
  • The ability to automatically top up cards
  • A fully managed solution without integration
  • APIs for integration with your existing platform

Leading-edge corporate payment solutions from DiPocket

Our team of over 100 people is trusted by organisations across Europe and the UK to deliver state-of-the-art withdrawal and payment solutions that make your life easier.

If you would like to find out more about our white-label funds disbursement solutions, please get in touch.