FIS Enterprise Disbursements
Easily and quickly send payments to your customers in a secure and simple process.
Revolutionize transactions
Download product sheetThe business-to-consumer solution that optimizes enterprise disbursements with direct bank payouts
Traditional payment methods, such as checks and cash, are costly, outdated and prone to fraud, driving businesses to adopt digital solutions to streamline their operations. FIS® Enterprise Disbursements provides businesses a simpler, more secure way to pay customers directly into their bank accounts through the Pay-by-Bank experience.
This Pay-by-Bank solution takes care of three crucial factors: security, speed and simplicity. It helps eliminate the need for financial data sharing, customers to set up and manage online accounts, manual data entry, and the risk of errors when entering bank details into forms. Businesses can also remove the burdensome task of check printing and expenses tied to lost or undeposited checks.
Standard cost to send a check
Source: Billpay.com
Attempted check fraud in 2020
Source: AFP Payments Fraud and Control Survey, 2023
Companies not meeting payments demands
Source: AFP Payments Fraud and Control Survey, 2023
Enhanced security
Strengthen your security through biometric authentication with payee validation and reduce the risk of check interception.
Reduced costs
Lower costs with automated reconciliation and remove processing fees for lost or undeposited checks.
Optimized deliveries
Maximize payment delivery success without the need for the payee to enter financial information manually.
Simpler payments in three easy steps
The recipient receives a customizable email or SMS with a clickable link that directs them to the payout experience.
After clicking the link, the recipient chooses their preferred bank and logs into their mobile app or online portal with biometrics.
The recipient provides consent, selects their preferred account, and then approves the transaction.
Insights
Faster, easier and safer payments
With the surge in digital payments, now’s your chance to upgrade both your own experience and that of your customers.
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