The process of sending payments to your customers or business partners can be paper-intensive and time-consuming. Popmoney® for Disbursements from Fiserv gives you an efficient digital solution for sending payments quickly and securely.
Most financial institutions, businesses and government entities need to send payments to their customers, clients or business partners. These include payments such as auto loan funding, insurance claims, government benefits or refunds, vendor and supplier payments, and more. But printing, mailing and tracking check payments takes time and money. And even if the payments are made via ACH, they can take from five to seven days to settle into the receiver’s account.
With Popmoney for Disbursements, organizations can send payments that can be settled into receiver accounts in hours instead of days, while benefiting from the proven risk management and security measures accepted by thousands of financial institutions.
Sending payments is as simple as a few clicks. The organization follows established business processes for approving payments, and when payments are ready to be sent, the organization uses a Send Money application programming interface (API) to send payment instructions to Popmoney. You choose the payment timing, delivery speed and send method, and Popmoney manages the payment process.
For your payment recipients, the process is just as smooth. Fiserv ensures a consistent and optimal user experience across the entire Popmoney network. Also, there’s no need for your payment recipients to provide you with their bank account and routing numbers.
- Easy and Flexible – Multiple sending options help you deliver payments the way you prefer
- Faster Delivery – Instant or same-day settlement improves recipient experience
- Better Customer Service – Frictionless experience for consumers or business partners in receiving a payment enhances recipient satisfaction
- Cost-Efficient – Reduces paper and mail costs, and provide prompt access to funds in crucial scenarios
- Easy to Track – Track payment activity and perform automated reconciliation, reducing manual effort
- Works With You – It’s simple to integrate into your existing processes
- Bank-Trusted Security – Employs proven risk management and security measures accepted by thousands of financial institutions
- Consistent Branding – Recipient notifications are co-branded to carry your logo and support your brand