Orum Collaborates with Visa Direct to Enhance Payment Efficiency
Recently, Orum, a leading API solutions provider, has solemnly announced an important plan: leveraging the Deliver API solution supported by Visa Direct, it will provide American customers with the service of real-time fund transfers between bank accounts via debit cards. This innovative measure will greatly optimize the payment process and significantly enhance payment efficiency.
Through Orum's Deliver API, enterprises and financial institutions will be able to seamlessly integrate into a powerful single API system. This system not only enhances payment functions but also enables intelligent orchestration of the payment process. It makes full use of the advanced technology of Visa Direct and other local real-time payment options, bringing users a more convenient and efficient payment experience. In addition, American customers, with the help of Orum's Deliver solution, can further expand the coverage of connectable bank accounts in the region and easily complete payment operations through associated debit cards.
A Powerful Partnership to Enhance Payment Efficiency
It is worth noting that shortly before this announcement, Orum had just successfully launched FedACH, the Federal Reserve's Automated Clearing House (ACH) payment service. Moreover, the company has formulated ambitious plans to further add FedNow and FedWire solutions. These initiatives are all important components of Orum's funds flow API—Deliver. The Deliver solution focuses on meticulously orchestrating and optimizing fund transfer processes for banking institutions through the Federal Reserve payment network, committed to providing customers with a more secure, stable, and efficient fund transfer service.
Orum's Deliver API Solution
Orum's decision to incorporate Visa Direct into the Deliver API system is based on in-depth insights into the extensive needs of its customers. For a long time, customers have been strongly demanding the integration of the card payment network into an integrated solution. Through close cooperation with Visa, Orum aims to continuously enhance the performance and functionality of the Deliver API while comprehensively expanding the scope of its products and services. Orum introduces that the Deliver API solution has the following outstanding features:
- An Ideal Payment Tool for Enterprises: It provides enterprises with a powerful API, enabling them to achieve fast and reliable payment operations. With the strong support of Visa Direct, enterprises can transfer funds to customers on a large scale, greatly improving the efficiency and flexibility of fund flows.
- Optimizing Funds Flow: It further optimizes Orum's "Direct to Fed" funds flow solution based on a direct connection with the Federal Reserve payment system, ensuring smoother and more efficient fund transfers between different bank accounts and saving customers valuable time and costs.
- Simplifying the Payment Process: It supports enterprises to transfer funds directly to users' debit cards or bank accounts, effectively simplifying the originally cumbersome payment process. At the same time, it significantly improves the time and cost-effectiveness of real-time payments, bringing users a more convenient and economical payment experience.
- The Advantages of One-Stop Integration: Through a single integration, enterprises can enjoy bank-level pricing strategies, longer processing periods, the convenience of accessing major bank payment networks, and the powerful functions of pushing and pulling funds between bank accounts via debit cards. This makes enterprise payment management easier and more efficient.
- Account Verification Assurance: It achieves seamless connection with Orum's Verify solution, providing enterprises with a reliable solution for instant verification of the ownership of bank accounts. Enterprises can quickly check whether the accounts are normally opened, valid, and capable of smoothly conducting payment receipt and disbursement operations, effectively reducing payment risks and ensuring fund security
