Merchants who receive payments from consumers via electronic funds transfer (EFT) can now get instant notification of successful settlement, significantly speeding up transactions.

secureEFT, an instant EFT payment service that allows customers to make secure online payments directly into a bank account and get notified in realtime, has recently been launched by MyGate by Wirecard, the leading specialist for digital financial technology.

It offers a simple three-step payment process, which includes faster check-out speeds of about eight seconds.

Integration is seamless: using MyGate by Wirecard’s payment option page allows for direct application program interface (API) integration with no additional coding necessary.

Another advantage is the ability to refund via the product.