CardinalCommerce Corporation, the worldwide leader in enabling payment brands for both eCommerce and mobile commerce, and Moneta Corporation, a growing alternative payment choice for online transactions, have partnered to offer merchants and consumers a direct-from-bank-account payment method.
Moneta's payment solution will now be available in CardinalCommerce's Centinel platform, a technology through which eCommerce merchants can enable multiple payment brands with one easy installation, and without disruption of their current processing infrastructure.
Moneta is an online payment service, available at eCommerce retailers, direct billers, and non-profit entities, that allows consumers to securely make online purchases and charitable donations funded directly from their bank account without leaving the merchant's website. Moneta is marketed to consumers through retail banks as an extension of their online banking services. Analysts estimate that 63 million American adults bank online, many of whom have not been comfortable with Internet shopping. The bank-branded Moneta payment option addresses consumer's security and convenience concerns in a one-step payment option.
"We are delighted to add Moneta to the Centinel platform," said Matt McDowell, VP Merchant Services, CardinalCommerce. "The thousands of merchants, with more to come, currently using Centinel have the ability to gain sales by reaching the large group of consumers who prefer a safe, easy-to-use method to pay online, directly from their bank account."
"Moneta is eager to offer CardinalCommerce merchants both lower processing costs and access to millions of new Customers through our bank marketing partnerships," said Guido Sacchi, CEO of Moneta Corporation. "Online merchants choosing to offer Moneta's payment option will benefit from lower processing costs, increased sales and simple integration through the Centinel platform. Moneta payments provide consumers a responsible way to pay online, as consumer preference for non-credit payment options continues to grow."