As a result, merchants accepting Moneta payments will be able to offer bank-sponsored funding options to their customers including checking, savings, money market and instant transactional credit lines underwritten by the sponsoring bank. The new feature is scheduled for release in early 2010.
Moneta currently offers a payment method that allows customers to make online payments directly from their checking or money market accounts using a four-digit PIN without leaving the online merchants website or revealing sensitive information. Customers can set up a Moneta account through a single enrollment process at www.monetacorp.com setting a username, password and designating a bank account for the online payments.
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