KeyCorp announced today the launch of its instant payment product with Ingo Money. Through Ingo Push, Ingo Money's turn-key push payment platform, KeyBank business clients can disburse guaranteed funds in real-time, according to a press release.

Ingo Money enables businesses, banks and government agencies to meet consumer demand for instant money proceeds while saving time and money. Through Ingo Money's platform, KeyBank commercial clients will be able to quickly and easily turn paper checks and ACH deposits into instant, fully guaranteed funds that are immediately available in their customers' accounts. Ingo Money's network reach and intelligent routing system ensure industry leading delivery rates for these commercial clients.

"With potential delays and security risks, it comes as no surprise that organizations are seeking ways to substitute paper-based payments with digital transactions. Consumers are increasingly demanding an instant experience," Matt Miller, head of product and innovation at KeyBank enterprise commercial payments, said in the release. "Our priority is to provide businesses with secure solutions that address these pain points while also streamlining processing and enhancing the consumer experience. By replacing paper and manual systems, this digital payment solution can help businesses cut operating costs and eliminate the delay and risk of check deposit."