Cashflows unveils new product to streamline merchant onboarding
By Gloria Methri
Cashflows, the platform simplifying payment acceptance for merchants, has launched AI-powered Fast Onboarding. The new service reduces the time it takes for a merchant to be onboarded, whether directly or via a partner.
Fast Onboarding eliminates the administrative burden for Cashflows’ customers and partners by making the process more robust. Combining human and artificial intelligence, the new service offers automated bank validation and self-populates data from official sources wherever possible.
Fast Onboarding will enable 80% of applications to be approved within one business day, driving fast, consistent decisions on applications. The new service will provide greater clarity on applications and transparency into Cashflows processes. Using these features, partners have an enhanced ability to process leads at scale and direct customers can begin taking payments faster.
Cashflows partner, Wireless Terminal Solutions, was involved in the pilot scheme of the Fast-Onboarding service. Matt Griffiths, Sales Manager, Wireless Terminal Solutions, said, “Having the ability to track the different stages of customer applications in real-time has been very helpful for us to manage expectations. It’s great to see how quickly applications are processed through Fast Onboarding, streamlining, and adding even more transparency to the process.”
Hannah Fitzsimons, CEO of Cashflows, commented, “At Cashflows, we believe the merchant onboarding process should not be frustrating. It should be an easy step supporting the backbone of businesses: payments. That is why we have been working hard to create Fast Onboarding to eliminate inefficient practices, increase consistency, and provide our partners with the capacity to scale rapidly – and our customers with the ability to accept payments faster. We are giving our customers and partners valuable time back, while also allowing ourselves more time to focus on what matters: providing simple, smart ways to pay, wherever and however it suits merchants’ customers.”
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