Global Digital Disbursements

Millions of people now send and receive funds digitally. Global Digital Disbursements can enable your organization to send funds to individuals via mobile phone and email, reaching consumers with greater speed and ease than checks and ACH.

Benefits

• Reach recipients quickly, boosting their satisfaction
• No need to collect and store recipients’ bank-account data
• Cut paper, costs and administrative burden
• Broad reach via Zelle® and Venmo in the U.S., Interac (both C2B and B2C) in Canada and PayPal® globally¹

Here are a few of the many ways you can use Global Digital Disbursements.

In the U.S., Global Digital Disbursements uses Zelle®, a mobile payments network found in more than 135 million customer accounts through their financial institution's mobile banking app and millions more through the standalone Zelle® app. Enrolled Zelle® users receive a notification of payment, and money is credited as soon as the same day.² Recipients who aren't yet with Zelle® can enroll their U.S. mobile phone number or email address in a few easy steps. Once enrolled, the money will be credited directly to their bank account.

Global Digital Disbursements with Venmo provides an economical and convenient way for you to distribute funds to your consumer recipients in the U.S. by using a recipient’s email address or mobile number associated with a Venmo wallet.

In Canada, Global Digital Disbursements is offered through Interac, the country’s interbank network which connects to more than 300 financial institutions and processes more than 18M transactions on a daily basis. Canada’s Global Digital Disbursements is aligned to the US solution, in that it facilitates the processing of digital transactions by using a person’s email address or mobile phone number as the identifier. In addition to processing B2C payouts, Canada is the first market to have the  “Request for Pay” feature  enabled, allowing a company to send invoices to customers via text or email along with a link to pay the amount, driving faster receipt of funds with data-rich remittance.

Recipients in select global markets can opt for PayPal¹. Registered PayPal recipients receive a notification of payment from PayPal, and funds are credited to their wallet the same day. Recipients who are not registered, will receive an invitation from PayPal to register a wallet and receive their funds.

¹Paypal is currently available in over 95 countries. Subject to change at any time.

²Refers to periods of time during which payments are generally available. Enrollment required. Payments to enrolled users can arrive as quickly as minutes or may take up to three business days. Actual times may vary. Must have a bank account in the US to use Zelle®. Once payment is sent and recipient is enrolled, funds can arrive as quickly as minutes or may take up to three business days. U.S. checking or savings account required to use Zelle®. If the consumer’s financial institution doesn't offer Zelle® and they are already enrolled in the Zelle® app, they should ask their financial institution about their daily transaction limit for their debit card. If the payment they anticipate receiving exceeds their daily limit, they should contact you to discuss other payment options.

Zelle®, and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.