Product Highlight: GiveCard Intake

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Disbursements at large scales can often be rough sailing- especially when the process involves collecting recipient payment details manually. It’s not just a headache for your finance or program teams; 5-15% of payment transfers will fail due to invalid accounts, from the recipient providing incorrect information.

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Enter GiveCard Intake, a magical tool that automates payment detail collection, eliminating manual burden and shielding your workflows from human error. With it, take busy work off your team’s plate, while ensuring that 100% of disbursements to verified accounts reach their intended destination, every single time.

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Get in touch with us here to learn more about how it works.

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How do Bank Transfers fail?

Accurate payment information is critical to successful disbursements. Even a small error in a bank account number or name can result in a mismatch and a failed transfer or delay. When payment details are collected manually, the risk of these errors significantly increases.

GiveCard Intake solves this by providing a secure, self-service experience where recipients enter and verify their own payment details. The system validates account information in real time, ensuring that incorrect or invalid data is flagged before any funds are sent.

The result is a streamlined, reliable process where verified account details are guaranteed to be accurate, and your disbursements reach their destination without unnecessary complications.

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GiveCard Intake transforms how organizations enroll recipients and deliver payments. Built to handle complex programs of any scale, Intake provides a customizable, whitelabeled experience that makes collecting recipient payment information a breeze for both the administrator and the end user. These are some of the core benefits:

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-Secure, automated collection of recipient bank information

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-Eliminates any chance of failed ACH transfers

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-Covers 100% of ACH-enabled accounts at any bank

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Instant Payment Fulfillment
Once recipient information is collected, GiveCard immediately verifies the information and allows funds to be delivered instantly to verified accounts. This real-time functionality ensures that recipients can receive their funds as quickly as the same day, creating a frictionless user experience for organizations to mobilize money efficiently at large scales.

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Full Visibility for Recipients
GiveCard Intake delivers real-time updates to recipients at every stage: enrollment confirmation, payment approval, card issuance, and fund availability. This transparency builds trust with recipients and offers them peace of mind that their payment is on the way, which reduces the volume of inbound support inquiries that organizations receive as a result of unclear communication of timelines.

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Whitelabeled Experience

Organizations are also able to create a whitelabeled Intake experience, incorporating their own branding throughout the process to create a consistent experience for their recipients from beginning to end, while building familiarity and trust along the way.

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Flexibility in Implementation
Organizations can choose to leverage Intake in a handful of ways:

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1. Lightweight solution: Provide a secure link to recipients to securely collect payment information from them.

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2. Integrated experience: Integrate payment detail collection directly into your own forms, platforms, or software interfaces.

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Is it Secure?

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GiveCard Intake keeps sensitive information completely safe, utilizing verification systems through Plaid and extra security layers like OTP to confirm that each recipient is who they say they are, and allowing them to connect directly to their bank portals to verify without having to input any actual account or routing numbers manually. In some cases where account and routing numbers need to be manually provided, a microdeposit will be delivered to the account as an alternate method for verification.

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Impact in Numbers

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-100% of verified recipients received a successful ACH transfer.

-66% of payments were instantly delivered to recipients via FedNow and RTP networks

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For more information or questions about GiveCard Intake, get in touch with the team here.

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