Save time and money on disbursements
Move claim payments and other disbursements online, away from paper checks
Stand out to your customers with next-day direct bank account disbursements
No more paper check handling and processing. Reduce calls from customers waiting for checks to arrive
Multiple payee disbursements made simple – for you and your customers
Quickly arrange to make VerifiedACH™ payouts on your website or app
Our VerifiedACHTM delivers funds as soon as next business day. Meanwhile, traditional ACH has your customers waiting 3 to 6 days, and checks can take 1 to 2 weeks!
PayWithMyBank protects the exclusive relationship between you and your customer. There’s no customer sign-up with PayWithMyBank. We promote your brand on our service and transactions appear on bank statements as yours. You remain in control.
Customer experience 100% within your site
PayWithMyBank allows your customers to log into their account and accept the deposit entirely within your site. Fewer clicks, faster results, and a friendly customer experience.
No account to create. No new password to remember.
Your customers simply enter the online banking ID and password that they know by heart. 83% of Americans have their online banking credentials memorized2—more than any other payment account.
Quick and Easy
Payouts such as insurance claims have never been easier. Your customer simply signs into your site, logs into their bank though our secure connection, and accepts the deposit. No more waiting for checks in the mail. No more taking pictures of checks or making trips to the bank.
Go green with PayWithMyBank
Did you know that for every 10,000 checks not issued, you save:
1) Aberdeen Group, as reported by Bank of America, Merrill Lynch Whitepaper, May 2014, “Moving from Paper to Electronic: Why Governments need to get serious about Electronic Payment Solutions”; Cruz, Geraldine, January 2014, “The hidden and overt costs of paper checks for B2B payments”, Bill.com Blog, http://www.bill.com/blog/accounts-payable/hidden-and-overt-costs-paper-checks-for-b2b-payments/
2) 83% of Panel have memorized their online banking username and password. Source: 1) Survey of 536 US consumers, ages 18-54, evenly split male/female, who have paid a bill online or purchased online in the past 3 months. Margin of error: ± 5%. Conducted by uSamp on Oct 8, 2012.
3) PayItGreen Alliance and NACHA Study, as reported by rapid!PayCard, April 20, 2015, “Go Green for Earth Day with ePayroll” http://www.rapidpaycard.com/go-green-for-earth-day-with-epayroll/; Schildgen, B. July, 2014, “Green Life: How Much Paper does One Tree Produce?” Sierra Club.org, http://www.sierraclub.org/sierra/2014-4-july-august/green-life/how-much-paper-does-one-tree-produce