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Solutions » Payments » Direct Payment Exchange » DPXPay
DPXPay
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DPXPay™ is the person-to-person (P2P) payments solution provided to financial institutions that are part of the Direct Payment Exchange. DPXPay enables financial institutions to offer a convenient and secure way for account holders to send and receive payments. This easy-to-use service allows users to send a payment or request a payment from another person anywhere, at any time, using only the recipient’s e-mail address or mobile phone number, and also move funds between their internal and external accounts. DPXPay provides financial institutions with a lower cost alternative for processing payments versus bill pay and checks, providing the opportunity to reallocate back-office resources. The service presents financial institutions with new revenue opportunities with a flexible fee structure, including the ability to charge a fee to the consumer for expedited payments.

DPXPay provides your financial institution with:

  • A convenient service to send money to anyone via e-mail or text message
  • Ability to request payments from anyone
  • Payment service or collection service with invoicing
  • A new fee-based revenue source
  • Detailed transaction tracking and scheduling
  • Enhanced fraud protection with multifactor security

DPXPay enables your financial institution to:

  • Provide the ability to send a payment to or receive a payment from another person simply via e-mail or SMS text message - no checks, no visits to the branch and no trips to the ATM.
  • Verify account ownership using a combination of data sources and proprietary account verification methods for enhanced risk mitigation.
  • Allow account holders to not only send and receive payments from other people, but also move money between their own accounts at different financial institutions. Users can set up one-time, recurring or future-dated money movement between accounts.
  • Comply with applicable regulations, including Regulation E, NACHA, GLB, FCRA and U.S. Patriot Act. DPXPay provides financial institutions with the most powerful risk management and transaction monitoring capabilities available.
  • Improve customer retention by leveraging the online and mobile banking solutions offered by the financial institution as the central, trusted service for managing all their financial relationships.