Direct Payment for Financial Institutions : Introduction to Direct Payment

Introduction | Benefits | How It Works | Fast Facts | FAQ

Individuals and organizations are rapidly adopting Direct Payment as a simple, safe, and smart way to electronically process payments. Direct Payment saves time and effort for your individual customers, who will no longer have to worry about missing payments or paying late fees. For any company or organization collecting payments or donations, Direct Payment is ideal for simplifying the payment process and saving money in processing costs.

Four out of five consumers who use Direct Payment are very satisfied with it

Explore this section to discover how to talk about Direct Payment internally as well as to your individual and business customers.

Benefits

Find out how Direct Payment saves time and money for both individual and business customers.
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How It Works

View every step in the process for both your business and individual customers, from initial authorization to monthly confirmation
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Fast Facts

Research shows that Direct Payment helps individuals save and invest more each month. Get a brief summary of important facts about it here.
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FAQ

Get answers to frequently asked questions about Direct Payment
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Over half of all households already use Direct Payment for at least one payment and most would like to increase that number. Offering Direct Payment shows your customers that you are customer-oriented and cost-conscious.

Mortgage companies
Insurance companies
Companies that offer investment and savings plans
Companies that collect loan payments
Newspapers, magazines, and subscription-based services or offerings
Utility and telecommunications companies
Cable companies
Health clubs
Credit card companies
Colleges and universities
Non-Profit organizations, including houses of worship