Online Resources has launched the eCommerce Services unit, a disbursement solution. DIRECTV is one of five billers that implemented the service in the first quarter of 2008.
The disbursement solution satisfies a range of applications across a variety of industries including mortgages, credit cards, insurance, utilities, health care and others. Typical uses include refunds, rewards payments, credit card balance transfers, settlements, escrow payments, insurance claims, royalty payments and flexible spending account reimbursements.
Online Resources manages business-to-consumer and business-to-business payments through the disbursement lifecycle. Compared to in-house processing, clients typically reduce their processing costs by 30% or more, due in part to Online Resources’ network of over 6,000 electronic biller endpoints, claims the company.
“For 20 years, Online Resources has had the infrastructure in place to facilitate online payments to the full spectrum of billers as well as consumers,” said Robert Craig, Online Resources’ executive vice president and general manager of eCommerce Services. “This fully automated electronic payables service for both banks and billers is a natural extension of our full suite of EBPP [electronic bill presentment and payment] and electronic receivables services.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.