U.S. Bank Brings the Power of Request for Payment (RfP) to Billers
November 08 2021 - 9:30AM
Business Wire
Businesses can now offer this simple,
secure, real-time payment option to their customers
U.S. Bank has expanded its Request for Payment (RfP) services to
help billers provide a better bill payment experience to customers.
With RfP capabilities added to U.S. Bank eBill Service – a leading
digital solution for accounts receivables teams – U.S. Bank
commercial clients will now have access to a fully integrated bill
delivery and payment platform with the RfP capabilities.
With RfPs, consumers will be able to choose to have their bills
delivered directly to them through their bank’s website or app.
RFPs provide consumers flexibility and convenience in paying their
bills and certainty that the payment has cleared, instantly.
Payments can be made 24 hours a day, 365 days a year. Billers
benefit from RfPs – which are sent over The Clearing House’s RTP®
network – in many ways, including immediate settlement, reduced
costs due to less paper payments, and improved visibility into when
the payment will be made.
The U.S. Bank eBill Service enables billers to offer their
customers simple payment options through their preferred channel.
With the addition of real-time payments to popular features such as
pay-by-text, Apple Pay®, Google Pay® and Amazon Alexa®, U.S. Bank
enables its clients to offer a best-in-class billing and payment
experience.
“Digital payment technology is constantly evolving, and so are
we,” said Rich Erario, executive vice president and head of Global
Treasury Management at U.S. Bank. “Adding RfP capabilities to our
eBill Service is just one of the ways we are helping our clients
streamline operations, reduce costs, and offer simple and secure
real-time payment options.”
“Real-time payments are transforming and enriching the entire
bill payment experience. By leveraging our industry leading
platforms, we’re able to continue to meet and exceed our customers'
bill payment needs today while positioning them for the future — in
real-time,” Erario continued.
The addition of RfP capability to eBill Service adds to the
numerous ways U.S. Bank clients can send RfP messages to engage
their customers through their preferred digital banking channel,
reducing customer friction, increasing speed and certainty of
payment. In addition to the use of the eBill Service, U.S. Bank
clients can send RfPs using SinglePoint, its leading treasury
portal, through APIs using the U.S. Bank Developer Portal, and via
direct file transmission.
About U.S. Bank
U.S. Bancorp, with nearly 70,000 employees and $567 billion in
assets as of September 30, 2021, is the parent company of U.S. Bank
National Association. The Minneapolis-based company serves millions
of customers locally, nationally and globally through a diversified
mix of businesses: Consumer and Business Banking; Payment Services;
Corporate & Commercial Banking; and Wealth Management and
Investment Services. The company has been recognized for its
approach to digital innovation, social responsibility, and customer
service, including being named one of the 2021 World’s Most Ethical
Companies and Fortune’s most admired superregional bank. Learn more
at usbank.com/about.
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version on businesswire.com: https://www.businesswire.com/news/home/20211108005701/en/
Todd Deutsch, U.S. Bank Public Affairs & Communications
todd.deutsch@usbank.com | 612.303.4148
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