Portfolio company Quovo has expanded its ACH payments offerings, helping ACH originators initiate direct debits and credits more effectively and seamlessly verify account ownership. With faster account verification, companies can streamline digital onboarding and transact with greater confidence.
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Quovo Launches New Solutions To Enable Smarter, More Reliable ACH Payments
Built with Quovo’s Income + Expense and Balance Estimator products, the payment management solution enables originators to proactively monitor cash flow patterns and predict future account balances ahead of recurring debits. Originators can leverage this ongoing assessment of account activity to determine the best day to debit and foresee issues that could disrupt debit processing, significantly reducing the likelihood of payment delays or customers incurring non-sufficient funds (NSF) fees.
