For those unfamiliar with Orum, we offer the simplest API for fast-reliable payments. We give you one solution to access FedNow, RTP, Same Day ACH, ACH, Wire, and more. Our API allows you to integrate instant payouts into your platform in two weeks or less. You can reduce costs by avoiding additional engineering and operating expenses, enjoy dedicated partner support, and gain access to all major rails—creating new revenue streams without the complexity of bank integrations or compliance challenges.
We recently shared an in-depth dive into our unified API, and now I’m excited to announce our latest feature.
Key updates
Whether you’re looking to enhance your e-commerce platform payment options, manage insurance claims payments, or simplify business-to-business payments, Orum has you covered.
● Pay by Bank provides a simple method for individuals to pay businesses for goods or services using their bank account. This use case serves as a substitute for credit or debit card payments. It’s preferred by some individuals and businesses due to its ability to allow transactions without additional interchange fees or charges often associated with card payments.
● Disbursements provide an easy solution for businesses to transfer funds to an individual’s bank account by using only the individual’s first and last name. This means that a business can pay a person for insurance claims, legal settlements, or loyalty rewards using its own bank account as the source of funds.
● B2B Payments provide a seamless way for businesses to collect or send payments for goods or services. This functionality offers support for everyday use cases such as recurring/subscription payments, accounts receivable, and payments for invoices.
Whether you’re looking to enhance your e-commerce platform payment options, manage insurance claims payments, or simplify business-to-business payments, Orum has you covered.
Why did we add these features?
At Orum, we recognize that every business and individual has unique payment needs. Our new transfer use cases directly result from customer feedback, designed to make payments more efficient, seamless, and accessible. By launching these new transfer use cases, we added more options for businesses and individuals to send and receive money. These new use cases add to our foundational offerings, such as access to faster payments via RTP and FedNow And there are even more innovations on the way!
Ready to implement instant payouts?
Getting started with Orum is fast and easy– most of our customers go live in a single sprint or less.
If you're ready to integrate our end-to-end payment solution or want to learn more about our new transfer use cases, get in touch today!!
