Vanco Services LLC, Minnetonka, Minn, has introduced a new service that gives clients the ability to accept payments or donations sent by text message. Individuals can text payments anytime, anywhere, using any mobile phone.
A recent survey by Mercatus LLC, a strategic consulting firm, found that nearly 80% of those between the ages of 18 and 34 will use mobile financial services within 5 years. In fact, when given a choice, people in this age group are more than twice as likely to leave their wallets at home than their mobile phones.
Vanco is a PCI (Payment Card Industry) Level 1 Compliant Service Provider, offering several electronic payment solutions that may be deployed individually or as a comprehensive suite. The company currently processes electronic payments for more than 15,000 clients, including businesses, municipalities, churches, and nonprofit organizations.
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