OVERVIEW

DPXPay™ is the person-to-person (P2P) payments and account-to-account (A2A) transfer solution provided to financial institutions. This easy-to-use service allows account holders to conveniently and securely 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. It also allows them to move money 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 account holders 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
• A simple way for account holders to link their internal and external accounts
• Integrated delivery channels so users can access service online, mobile Web or mobile app
• 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 and make loan payments from an external account. 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.