How Does Instant Funding Work?
Whether you’re a business that needs to make and accept payments quickly or a lender who needs a faster, more secure way to get money into a borrower’s hands, instant funding technology makes it easier than ever to originate loans or disburse and collect funds.
As fully standalone systems, instant funding disbursement platforms bypass the complex processing regulations associated with many lending institutions and the ACH network. They instead leverage virtual card technology to deliver funds through Visa and Mastercard networks or dedicated mobile fin-tech applications within a matter of seconds. Available 24/7/365 through an easy-to-implement payment gateway, instant funding allows borrowers to pay back loans conveniently while also providing lenders with a trove of data that helps them to manage accounts and optimize lending services.