PITTSBURGH, Sept. 1, 2020 /PRNewswire/ -- PNC Treasury
Management today announced it has expanded its payment offerings by
adding push-to-debit card capabilities, called Direct to Debit
Card. This addition to PNC's payment ecosystem provides businesses
with the option to send consumers payments 24/7, 365 days a year
through an eligible debit card1.
"PNC remains committed to expanding our digital payment
capabilities and ultimately, transforming the payments industry
with solutions that keep business moving," said Chris Ward, executive vice president and head of
product & operations, PNC Treasury Management. "This
push-to-debit card payment capability is complementary to our other
offerings and will provide convenience, immediacy and payment
choice based on our clients' needs."
Built through a collaboration between PNC and Visa, through
Visa's real-time2 push payments platform, Visa Direct;
Direct to Debit Card looks to bridge the gap in
business-to-consumer payments by providing businesses with an easy,
convenient way to pay consumers without using bank account numbers
or third-party payment apps. This solution routes payments to
consumers using their 16-digit debit card number, which are
processed in real-time. Companies can utilize Direct to Debit Card
for a multitude of business needs, including traditional payroll
processing, paying on demand and independent contractor
payments.
"We're pleased to work with PNC Bank – one of the first banks to
offer a push-to-debit card solution – to help businesses offer
consumers real-time access to their funds through Visa Direct,"
said Gaurav Gollerkeri, head of Visa
Direct North America, Visa. "Together, Visa and PNC are providing a
total solution for faster payments that is easy for clients to
implement and provides speed for payments to consumers."
PNC Treasury Management has invested in an omni-payment
ecosystem to provide clients with seamless options that meet a
variety of business needs. PNC continues to be a leader in the
payments industry in both innovation and product capability, which
includes being an early adopter of Real-Time Payments
(RTP®), Request for Payment commercialization and
blockchain technologies, plus an available, extensive suite of
Treasury Management APIs. In addition to comprehensive payment
solutions, PNC also has developed innovative treasury management
receivables services.
PNC Bank, National Association, is a member of The PNC Financial
Services Group, Inc. (NYSE: PNC). PNC is one of the largest
diversified financial services institutions in the United States, organized around its
customers and communities for strong relationships and local
delivery of retail and business banking including a full range of
lending products; specialized services for corporations and
government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset
management. For information about PNC, visit www.pnc.com.
1 Visa offers the Visa Push Payment Gateway Service
to enable push-to-card capabilities for non-Visa cards in the U.S
and Canada.
2 Actual funds availability depends on receiving
financial institution and region.
CONTACT:
Whitney
Wilson
(214) 871-1209
whitney.wilson@pnc.com
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SOURCE PNC Bank