Onbe Becomes One of First Corporate Disbursement Platforms to Join U.S. Faster Payments Council
24 Octubre 2021 - 7:00AM
Business Wire
Corporate disbursements platform Onbe will
collaborate with other members to advance the business benefits of
faster payments, including cost savings, security and customer
choice
Onbe, a market-leading corporate disbursements platform,
announced today that it has accepted the invitation to join the
U.S. Faster Payments Council (FPC), an industry-led membership
organization dedicated to advancing faster payments in the United
States. Onbe is one of the first corporate disbursement platforms
to join the FPC, connecting with banks, software companies and
corporations seeking to realize and promote the advantages of
faster payments for businesses, financial institutions and
consumers—including cost savings, efficiency, risk reduction,
choice and immediate gratification.
The FPC was established in 2018 to use a collaborative,
problem-solving approach to promoting the adoption of real-time
payments in the U.S. Driving creation of key infrastructure for
real-time payments is key to ensuring U.S. businesses stay
competitive globally. Onbe joins Mastercard, JPMorgan Chase and
Microsoft in the FPC’s growing member base as they discuss and work
to overcome barriers to real-time payments adoption, including the
need for smoother integration with legacy corporate disbursement
systems.
“At Onbe, we focus on our clients and their customers—designing
products, delivering diverse payment types and leveraging the
payment experience to engage their end users,” said David Josephs,
President and Chief Operating Officer of Onbe. “Onbe provides
comprehensive solutions that help corporations deliver payments
however they need. Real-time payments represent the next generation
of options for corporate disbursements. The opportunity to
collaborate with other companies working to make real-time payments
a reality—and actively shape the future of faster payments and
advocate for our clients’ best interests in this space—made joining
the FPC an easy decision.”
Real-time payments enable advanced security features,
transparency and consumer choice, equipping organizations to more
securely deliver and track payments, as well as offer an improved
experience for recipients. Companies that are still using expensive
paper-based payments have the opportunity to operate more
sustainably with digital solutions, while significantly lowering
costs, paper waste and processing time. Research from Deloitte
found that a typical high-income economy could save $87 million USD
after using real-time payments for five years. When working with a
disbursements company such as Onbe, organizations can not only
achieve faster, more cost-efficient payments, but reduce the burden
of administrative tasks including escheatment management and
customer service, as well as unlock new ways to engage payment
recipients through personalized experiences and promotions.
“Onbe specializes in corporate disbursement use cases that can
benefit from real-time payments—such as paying freelance workforces
and offering instant disbursement solutions to recipients,” said
Reed Luhtanen, Executive Director of the FPC. “They have a nuanced
grasp of why faster payments matter in every area of work and life,
but particularly when it comes to building and managing impactful
corporate payments programs. We are thrilled that they are adding
their voice to the conversation about the advantages and
opportunities that come with real-time payments.”
Onbe has a 25-year track record of delivering innovative
payments solutions on behalf of corporations. Onbe’s products
feature digital payment options including instant virtual prepaid
cards, physical prepaid cards, push-to-card, Same Day ACH and
faster global transfers.
About Onbe
Onbe, with offices in Chicago, Philadelphia and London, creates
engaging corporate disbursement experiences on behalf of modern
brands for consumers, workforces and marketplaces, delivering value
beyond currency. Backed by top-tier investors and with over 25
years of industry experience, Onbe’s team of experts and
purpose-built payment issuing platform seamlessly connect brands to
their constituents around the world. www.onbe.com
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