SunTrust Banks has selected Moneta’s online payment service to offer clients an additional payment option, when they shop with selected online retailers. The service is currently being provided free to selected SunTrust clients as an initial pilot program.
With this service, users are able to pay leading internet merchants online securely from their bank account, offering more online anonymity and privacy protection.
Hugh Gallagher, senior vice president for deposit product management at SunTrust, said: “More consumers are going to online shopping sites for everyday needs as well as special occasion purchases. Moneta’s payment service provides a secure and convenient payment method, enabling users to pay directly from a bank account for Internet purchases while protecting their financial information.”
Guido Sacchi, chief executive officer of Moneta, said :”Bank customers continue to be concerned about online privacy and many are increasingly seeking secure and convenient ways to make online purchases without exposing their card information. Consumer demand for non-credit online payment options have increased during this challenging economic cycle.”
