Yesterday, U.S. Bank announced that it implemented eWise’s Secure Vault Payments (SVP) for Nebraska Online Child Support Payments, adding it to the SVP vendor list.
Here’s how it works from an end-user perspective:
“With Secure Vault Payments, a non-custodial parent initiates the payment at the Child Support Center’s website. The parent is automatically redirected to his or her bank’s online banking platform to select the account to use for payment. The participating financial institution authenticates the payer and immediately withdraws funds from the payer’s account and then transfers funds to the Child Support Center the next business day.”
Nebraska Online Child Support Center reported that, within just a few hours of implementing SVP, the first payment using the technology was completed.
To learn more about eWise’s Secure Vault Payments, watch its FinovateSpring 2011 demo.