Payouts Network Announces Partnership with Priority Commercial Payments/CPX
Traditionally, businesses have relied on the use of checks, gift cards, paper vouchers and ACH to provide payments to consumers, employees and businesses. "These methods are cumbersome, costly, and difficult to administer," explained Payouts Network CEO,
Payouts Network's Instant Payouts product will enable Priority Commercial Payments to offer its restaurant merchants the ability to digitally dispense tip payouts to employees both quickly and securely, removing the friction associated with cash management, while increasing employee's satisfaction and retention.
"An important point is the safety of the restaurant employees and the large amount of cash they typically leave with late at night," explained Priority Commercial Payments President,
Priority Commercial Payments will also utilize Instant Payouts to speed up the process of returning security deposits to short-term renters. "Typically, it can take up to 17 days for renters to get deposits back." With Instant Payouts, we can cut down that time to hours," she revealed. O'Neil is also excited to streamline customer payments for insurance claim distribution.
"We're truly honored and excited to partner with Priority Commercial Payments," said Payouts Network CEO,
For more information, please visit payoutsnetwork.com.
About
Payouts Network is innovating the next generation of payments by enabling businesses to originate, approve and issue payments in near real-time to consumers, employees and businesses. Their industry-leading intelligent platform transforms the complexity of payments into an economical, highly secure and fully transparent process that delivers the speed, security and control required by businesses and consumers. Headquartered in
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SOURCE Payouts Network
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