Orum is thrilled to introduce Deliver, our innovative money movement API that optimizes for speed and efficiency — with a new direct bank API connection to the Federal Reserve’s payment rails as a service provider.
With this direct connection, the Deliver API moves money faster and more reliably than ever before — eliminating costly downtime and complex technical issues often found with other platforms.
What does this mean for you?
Bank-rate Pricing
As a service provider, we've built a direct connection to The Federal Reserve’s payment rails and are live with FedACH — providing customers with both exceptional speed and competitive pricing.
Payments Optimization Across All Major Rails
Our unified Direct Bank API provides access to FedNow, RTP, Same Day ACH, ACH, and Wires — orchestrating payments to be fast and efficient.
Expanded Processing Windows
By leveraging more processing windows, we can ensure faster payment speed and greater certainty.
Easy Set-Up
Our streamlined process gets you live in 2 weeks or less. We handle all the complexities, saving you the 2 years and $2 million typically needed for a bank integration.
Orum’s unified payments solution, along with our pioneering instant bank account verification, ensures a quick start.
Orum’s Deliver API vs. Other Platforms
Clearing the bar for a direct connection to the Federal Reserve for payment processing and settlement on behalf of depository institutions is exceptionally difficult. Meeting the criteria for direct access requires organizations to meet and exceed the Federal Reserve’s rigorous diligence, contracting, and IT testing requirements, as well as those of sponsoring financial institutions.
Many payments platforms and fintechs cannot gain access to all the possible payment rails while also requiring them to navigate technical issues and frequent downtime depending on their banking partner. According to the Ponemon Institute, downtime can cost businesses as much as $500,000 per hour.
We’re thrilled to be among a small number of fintechs capable of supporting a depository institution's live transaction activity through the Federal Reserve’s payment rails as a bank service provider.
Stephany Kirkpatrick, Founder & CEO
At Orum, we focus on solving the time-to-money problem, making sure that modern companies can keep moving money at the speed they need. The Deliver API follows the launch of our Verify API, a solution that instantly verifies bank accounts. Built on FedNow and RTP, the Verify API covers 100% of U.S. bank accounts, offering a reliable alternative to outdated methods like antiquated microdeposits, batched data, and flawed probabilistic scoring.
Deliver Instant Payments In 4 Easy Steps
Step 1: Introduction to Orum
We’ll kick off by chatting about your payment needs, discussing your payment needs, and how the Deliver API fits within the Orum platform, helping your business achieve its payments goals.
Step 2: Technical review
We review our API documentation and your business’s flow of funds. You’ll also gain access to a sandbox environment for testing.
Step 3: Compliance review
We’ll assist you with KYC/KYB compliance, guaranteeing smooth operations
Step 4. Go live!
Quickly go live with the Deliver API, supported by our dedicated customer success and delivery team.
Orum customers enjoy informed partner support each step of the way. We’re backed by the most reputable payments experts, top-tier banks, and investors — all to ensure delivery of every transaction 24/7.
Ready to learn more?
Get in touch with Orum today. We’ll help you deliver instant payments and instant bank account verification in just days, without costly bank integrations or prolonged compliance procedures.
