NYCE’s On-Demand Solutions are a comprehensive family of “card-not-present” or PINless transactions. Read further to learn how On-Demand can be used to support a variety of applications. On-Demand solutions provide the benefit of real-time processing, expense reductions and new income opportunities for all NYCE participants.
NYCE Direct Bill Payment makes it easy for your cardholders to pay many of their regular bills in real-time without a PIN using their NYCE debit cards. Your customers can make “just in time” payments for many types of billers, including cable and Internet services, digital media subscriptions, electricity, fuel, home security, insurance, loans, payments due to government agencies, prescription refills, rent, satellite TV and radio, storage services, telephone and mobile phone services as well as education.
Customers simply communicate directly with eligible billers through a Web site or telephone to conduct confidential, secure, and virtually immediate real-time bill payments. Visit Direct Bill Payments for more information.
NYCE’s Rebates and Refunds transactions offer merchants the ability to rebate or refund an entire or partial debit bill payment amount. This alternative automates what is often a slower, manual process, and provides cardholders a real-time refund of a bill payment transaction, resulting in a faster return of their money and peace of mind that they have received the credit that they expect.
NYCE’s Account Authentication service enables financial institutions acquiring new customers to verify that the individuals actually own the accounts from which they are trying to fund their new accounts. Utilizing NYCE PINless credit transactions, the acquiring institution simply transmits low-dollar-value credits which the cardholder subsequently confirms via online banking or VRU account access. Visit Account Authentication for more information.
Account Funding offers cardholders the ability to make real-time funds transfers to and from accounts held at financial institutions, brokerages, mobile services providers and stored value accounts. Funds movement can be initiated via the Web, ATM, VRU and mobile channels. The initial funding of new checking, savings and stored value accounts is permitted. Pre-funding of stored value accounts based on a pre-set account balance threshold is also supported. Visit Account Funding for more information.
NYCE’s Loan Disbursement service facilitates the moving of loan proceeds to a cardholder’s deposit account in real-time. A lender pushes loan proceeds to a deposit account via the cardholder’s primary account number. Credit card cash advances, secured/unsecured credit lines, auto loans, and tax refund anticipation loans are some of the credit sources eligible for this service.
Contact Us for more information about On-Demand Solutions and how they can benefit your institution.