SunTrust Selects Moneta for Secure Online Payment Option
SunTrust Banks and Moneta Corporation have announced that "SunTrust has selected Moneta’s online payment service to offer clients an additional payment option when they shop with select online retailers. The service is currently being provided free to select 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. In addition, most participating retailers offer unique incentives and discounts for shoppers paying via Moneta.
“In today’s economy, consumers are looking more closely at how they pay for purchases,” said Hugh Gallagher, SunTrust’s Senior Vice President for deposit product management. “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. The Moneta payment service dovetails nicely with our commitment to help SunTrust clients ‘live solid’ by practicing responsible financial management.”
“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 such as Moneta’s have increased during this challenging economic cycle,” said Guido Sacchi, Moneta’s Chief Executive Officer.
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