OVERVIEW

As a member of the Direct Payment Exchange, financial institutions are able to offer DPXPay™ services, allowing account holders to send electronic payments to another person using only the recipient’s e-mail address or mobile phone number and move funds between their internal and external accounts. By giving consumers the services they want, either for a fee or as part of a bundled offering, financial institutions attract and retain account holders, put themselves on equal footing with larger payment providers, and have the potential to generate profitable, transaction-based revenue.

Direct Payment Exchange membership provides your financial institutions with:

• Relentless focus on security and fraud prevention, with anti-fraud and anti-money laundering systems continually updated
• Authentication directory and aliasing services so account holders can authenticate recipients before sending money
• Least-cost routing as a result of a large number of financial institutions sharing the network
• Regulatory compliance with applicable regulations, including Regulation E, NACHA, GLB, FCRA and the U.S. Patriot Act
• Flexible architecture for seamless integration with your existing processes for online banking, mobile banking or as a standalone service on your website

Direct Payment Exchange membership enables your financial institution to:

• Provide same-day transactions rather than days, as with ACH
• Generate profitable, transaction-based revenue with a service that can be offered for a fee or part of a bundled offering
• Encourage account holders to adopt P2P payment services with marketing and promotional capabilities
• Reallocate staff resources as check processing and branch visits decrease