GoCardless unveils new Outbound Payments feature
From Yahoo Finance: 2025-06-03 07:34:00
GoCardless launches Outbound Payments feature, allowing merchants to send payments directly to customers, suppliers, and third parties. The service is integrated within the platform, streamlining payment operations and enhancing visibility. It aims to simplify reconciliation and reduce time and resources spent on separate payment systems, increasing operational efficiency.
Outbound Payments includes security measures like Confirmation of Payee to prevent fraudulent transactions. GoCardless chief commercial officer highlights benefits of an ‘all-in-one’ bank payment platform, emphasizing cost reduction, simplified processes, increased payment visibility, and fraud protection. The feature follows the acquisition of Sentenial Ltd, operating as Nuapay, from EML Payments, expanding GoCardless’s capabilities.
In January, GoCardless partnered with COHO, a property management software provider, to offer bank payment options to property managers. “GoCardless unveils new Outbound Payments feature” was originally reported by Electronic Payments International. Note: Information provided for general informational purposes only; seek professional advice before taking any action based on the content.