Popular on EntSun
- YNS ScarSaiyan Sets up For Next Release - No More (Get Back)
- Company Changes YouTube Channel Name to Steve Tristan's Best
- Skin EX Introduces Their Latest Technology for Beauty Rejuvenation
- Nutrition and Wellness Expert, Chaitra Dalton Bryant Joins the Board of the National Minority Health Association to Reduce Health Inequities
- The Adelphi Orchestra - Juneteenth Day Celebration Concerts
- Steve Ember, award-winning voice actor, delivers another superb performance in the noir murder and international intrigue LATE PASSENGER
- G. ENTERTAINMENT proudly presents Indianapolis' Inaugural Juneteenth Celebration Weekend Kick-Off with the "What the Funk" Concert
- Genesis Homes is ready to take over the Cape Coral real estate market in South Florida
- For Father's Day: Give Dad some Jokes he can tell that People will actually Laugh at
- History-making Footwear Brand TRONUS Announces Exciting New Partnerships And Products As Company Expands This Summer
Similar on EntSun
- Virtual Workplace Platform Developer REACH Expands Executive Team, Positioning the Company to Drive International Growth
- Fathym announces the addition of Sergio Sotolongo to its board of directors
- The Data Economics Company announces partnership with Incradia to release the ReVerse franchise on Lydion-based Game Development Platform
- Completion of funding round brings Metaphysiks one step closer to embodying the Metaverse
- IOTech announces a major new release of Edge XRT, its software platform for time-critical OT systems
- Connect Fibre Partners With Linksys and Axiros
- CPC Scientific Announces New California Peptide API Manufacturing Facility
- BEC Technologies RidgeWave® 7000 Series Achieves AT&T Certification
- Altavoz Distribution Launches Regina Belle Records
- THine V-by-One® HS Technology Used in NVIDIA G-SYNC® Processor
Sionic Launches 'Pay-By-Bank' Real-Time Payment (RTP) Service For U.S. Merchants
EntSun News/10942563
New service delivers POS Direct Deposits from customers to merchants via mobile, online, in-store or in-vehicle experiences
ATLANTA - EntSun -- Sionic, a leading provider of omni-commerce, consumer-to-business payments solutions, today announced its launch of the industry's first real-time payments service enabling bank-to-bank digital cash deposits at the point-of-sale. In addition to receiving funds immediately, merchants benefit by avoiding expensive credit card swipe fees. The company has aligned with top financial institutions, payments processors and eCommerce partners to bring Pay-by-Bank to the customer checkout experience.
Sionic's RTP service includes an option for merchants to incent their customers for paying with their bank accounts over costly rewards-based credit cards. Pay-by-Bank Perks include instant cash back (discount), spend x, get y, or free goods and services – all at the sole discretion of each merchant.
More on EntSun News
"This is a good step forward in helping merchants combat inflation," said Ronald Herman, Founder and CEO of Sionic. "From local businesses to global enterprises, merchants continue to be plagued by credit card fees. In 2020, those fees amounted to more than $110 billion. Consumers also amassed an abundance of late fees from these same credit card companies. Bringing instant digital bank payments to commerce provides a new way to more equitably reallocate value back to both the merchants and the consumers. The Great Reallocation of digital payments is here."
About Sionic
Atlanta-based Sionic is leading The Great Reallocation in digital payments by delivering instant bank-to-bank transfers from consumers to merchants. Sionic's market first, ULink™, is bringing real-time direct deposits to the point of sale via mobile, online, in-store, or in-vehicle experiences. The company has partnered with top financial institution owners of The RTP Network for bank payments and CyberSource, a Visa solution, for secure card payment processing. Merchants accepting real-time payments bypass expensive card swipe fees and receive POS cash deposits immediately. Consumers receive special perks for paying with their bank accounts.
More on EntSun News
For more information visit www.sionic.io (https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sionic.io&esheet=52748595&newsitemid=20220614005273&lan=en-US&anchor=www.sionic.io&index=2&md5=cfa89449b864a6a1cf5f247c2bd385c7).
Contacts
For Sionic
Anna Stanley/Catherine Laws
251.517.7857/678.781.7206
Sionic's RTP service includes an option for merchants to incent their customers for paying with their bank accounts over costly rewards-based credit cards. Pay-by-Bank Perks include instant cash back (discount), spend x, get y, or free goods and services – all at the sole discretion of each merchant.
More on EntSun News
- In2Scuba Diving Co. of Maui introduces its exclusive beginner scuba diving lessons
- Entertainment Company Zen Arts Made Sure Pure Accelerate® techfest22 Was Utterly Unforgettable With Breathtaking Performances
- Always Ontime: Chaos City - Super Hero Graphic Novel with Neal Adams Cover Launches from Panopolis Metaverse
- New Hampshire Becomes the 15th State to Require Personal Finance as a Core Academic Subject
- Virtual Workplace Platform Developer REACH Expands Executive Team, Positioning the Company to Drive International Growth
"This is a good step forward in helping merchants combat inflation," said Ronald Herman, Founder and CEO of Sionic. "From local businesses to global enterprises, merchants continue to be plagued by credit card fees. In 2020, those fees amounted to more than $110 billion. Consumers also amassed an abundance of late fees from these same credit card companies. Bringing instant digital bank payments to commerce provides a new way to more equitably reallocate value back to both the merchants and the consumers. The Great Reallocation of digital payments is here."
About Sionic
Atlanta-based Sionic is leading The Great Reallocation in digital payments by delivering instant bank-to-bank transfers from consumers to merchants. Sionic's market first, ULink™, is bringing real-time direct deposits to the point of sale via mobile, online, in-store, or in-vehicle experiences. The company has partnered with top financial institution owners of The RTP Network for bank payments and CyberSource, a Visa solution, for secure card payment processing. Merchants accepting real-time payments bypass expensive card swipe fees and receive POS cash deposits immediately. Consumers receive special perks for paying with their bank accounts.
More on EntSun News
- A New Age of Phantom Breaker Dawns
- Health Advisory: Protecting Yourself and Others from Monkeypox
- Kindle FREE June 28-29: Powerful new memoir from Santa Molina-Marshall poised to help heal abuse victims through inspiring storytelling
- GoodLoan.io announces new program to unlock up to $500,000 for Home Equity Investment
- Own Network's "Put a Ring on It" Charlana & Otis welcome new baby boy!
For more information visit www.sionic.io (https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sionic.io&esheet=52748595&newsitemid=20220614005273&lan=en-US&anchor=www.sionic.io&index=2&md5=cfa89449b864a6a1cf5f247c2bd385c7).
Contacts
For Sionic
Anna Stanley/Catherine Laws
251.517.7857/678.781.7206
Source: Sionic Mobile
Filed Under: Technology
0 Comments
Latest on EntSun News
- Children's Shoe Brand joins Soles4Souls in Ukrainian Refugee Relief Efforts
- The Data Economics Company announces partnership with Incradia to release the ReVerse franchise on Lydion-based Game Development Platform
- iTech offers 60-days free trial on expEDIum Medical Billing® product
- Completion of funding round brings Metaphysiks one step closer to embodying the Metaverse
- On Anniversary of Surfside Tragedy, New Book Coaches Residents to Identify Warning Signs
- Marc Yaffee From Dry Bar Comedy Comes to McMinnville Saturday June 2
- What's Inside That Sexy Mind of Yours? at NCRT Variety Nights
- CHASM unveils highly-respected CEO John Kawola as its first independent board member
- IOTech announces a major new release of Edge XRT, its software platform for time-critical OT systems
- Holidays365 Film Festival Summer Edition Starts Saturday
- Connect Fibre Partners With Linksys and Axiros
- Bacchus Wine & Spirits Jumps To Elite 'Top 20' Position In Beverage Dynamics Top 100 Retailers for 2022
- Comedian Marc Yaffee Returns to Craft Kitchen & Brewery Friday July 1
- Soundtrack for the "All I Need Is Your Signature" Released on the Ulterground Records
- CPC Scientific Announces New California Peptide API Manufacturing Facility
- PermaTherm 2022 Family Fun Day
- New development in Ramsey called Williams Woods!
- Top New Jersey Engagement Shoot Locations and couples who totally nailed it
- Internationally Acclaimed Musical Game Show, AUX CORD WARS LIVE Announces Summer World Tour
- BEC Technologies RidgeWave® 7000 Series Achieves AT&T Certification