DebitWay Announces a Partnership with Remit Anywhere to Provide an Integrated Direct Debit Payment Solution for the Remittance industry

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Anyone from anywhere can now send money anytime.

remitAnywhere is adding DebitWay to its existing service by teaming up with Montreal, Quebec-based DebitWay which provides services specifically tailored to the international remittance industry in Canada and abroad by providing Direct Debit Payments (DDP) as well as INTERAC® Online Payments (IOP)

remitAnywhere Solutions, a North America based software company has developed a unique and innovative online solution to fully automate money transfer activities and processes for the Money Service Business (MSB). MSBs face today amidst increasing regulatory and customer service demands and diminishing capabilities of their existing software systems. Their 10 years of innovative service-oriented approach towards a solution for the MSBs has solved operational and compliance problems by creating new automated processes.

The remitAnywhere product is developed to automate and streamline all business entities including Sender, Receiver, Branches, Agents, Payees and Correspondent Banks. The system offers a multi country, multi language comprehensive interface with the capability to both Send and Disburse payments to over 50 countries around the world. There are three integrated components to achieve this functionality.

Our goal is to constantly improve the service we offer to our customers” said Tahrir Saani, remit- Anywhere Co- founder and CEO. “By partnering with DebitWay to offer Direct Debit Payments, we believe we have improved both the level of service and security we offer to our global customers.”

remitAnywhere online person-to-person money transfer portal is possible through the partnership with DebitWay which allows remitAnywhere to accept remittance payments from anyone with a bank account at a participating financial institution, simply by using their existing online banking service. With DebitWay intervention, these online banking transactions take place in real time, with the payment amount and payer's identity guaranteed by their bank in 10 seconds or less.

Headquartered in Montreal, Canada, has become a recognized leader in Debit Card Payment services. Through innovation and experience it has maintained an outstanding track record of bringing groundbreaking products, services and technology to the payment network.

DebitWay business model began by offering INTERAC Online Payments exclusively with the following participating financial institutions in order to service any enterprise interacting with online consumers: BMO Bank of Montreal, RBC Royal Bank of Canada, Scotiabank and TD Canada Trust.

Today, DebitWay is being recognized World Wide as an international payment gateway by providing an additional 52 banks located in 11 countries on its innovative direct debit payment Network. As a result, online merchants can offer instant Direct Debit payment (DDP), without affecting their existing processing agreements. They simply add DebitWay banking Network payment option to their existing checkout page.

Supported by the most trusted associations in the market such as trust companies, credit unions, banks and payment related companies, DebitWay connects Merchants & Internet Users by providing an immediate, secure and effective system to transfer Cash over the Internet.

DebitWay continues to specialize in providing payment solutions to many industry types, especially those organizations that have considered traditional online payment solutions in the past, but found them to be too costly. DebitWay key benefits are real-time direct debit payment transaction processing and verification.

If you would like more information about this topic or would like to schedule an interview with Rod Tomita, please call 877-332-4802.


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