INCREASED PAYMENT OPTIONS
Changing the way you pay.
Get in touch today to learn more about DynGo Pay.
Get in touch todayA win for everyone
DynGo Pay is a Business Payment Solution Provider (BPSP) - a service provider model which enables the use of credit cards as an additional payment method for supplier invoices.
With DynGo Pay, banks can now offer customers more choice and greater flexibility by offering the use of credit cards for vendor payments. Currently, businesses only have the option to pay invoices via ACH, checks or cash. With DynGo Pay, all vendors can be paid with credit card, allowing businesses to take advantage of the increased options for managing cash flow, inventory balances, and longer float mechanisms. Suppliers also benefit by getting paid faster without having to enable card payments themselves, which can translate to early payment incentive discounts for their customers as well.
In short, DynGo Pay delivers a win for everyone in the payment chain.
DynGo Pay partners with banks using a white-label technology solution which accepts card payments on behalf of the bank and then processes payment to the supplier via traditional ACH. DynGo Pay integrates with any banking platform to allow seamless integration of card payment within existing bank portal functionality.
In short, DynGo Pay delivers a win for everyone in the payment chain.
DynGo Pay partners with banks using a white-label technology solution which accepts card payments on behalf of the bank and then processes payment to the supplier via traditional ACH. DynGo Pay integrates with any banking platform to allow seamless integration of card payment within existing bank portal functionality.
DynGo Pay for banks
DynGo Pay provides banks with a new way of generating B2B revenue by converting ACH volume into card payment volume via the BPSP model.
Deposits remain in banks longer when businesses have the option to pay later by using the credit card float.
Banks issuing cards will drive incremental interchange fees to their revenue line (or percentage based on issuing bank program).
DynGo Pay’s transaction reporting dashboard provides insights into business customer buying and card usage behavior; as well as market level data (i.e. peer comparison analysis)
DynGo Pay partners with banks to compete against fintechs by bringing new payment services/features to their customers.
DynGo Pay partners with banks to reduce disintermediation by making the online banking platform more robust and thus “sticky”.
Ease of integration into existing infrastructure and a seamless user experience through single sign-on, co-branded user experience.
DynGo Pay for payers
Using DynGo Pay within their existing banking platform, business customers can pay any non-card accepting entities with their business (or consumer) credit card.
Using DynGo Pay within their existing banking platform, business customers can pay any non-credit card accepting entities with their business or consumer credit card.
Helps companies manage cash flow using available credit card float as an extension to the invoice due date.
Card holders can also earn card reward points and other benefits by increasing spend on existing cards (depending on the card program parameters).
Businesses can now pay invoices early to potentially earn discounts from suppliers.
A word from our partner
“Midland States Bank is excited to partner with and offer DynGo Pay for our banking customers. The flexibility to manage cash flow, inventory, and ensure on-time payment, along with the benefits and rewards that come from the credit card issuers, DynGo Pay is on the pulse of real time business needs, for banks, customers and vendors.”
Jeffrey G. Ludwig
CEO, Midland States Bank
Our Sales Team is ready to help you get started with DynGo Pay!
Get in touch today to learn more about DynGo Pay or to start your journey with us.
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