CHANTILLY, Va.– Online Resources Corp. announced the broad launch of its integrated expedited payments service yesterday.
The service, first piloted in 2007, is now available through more than 500 credit union and bank customers and will enable consumer and small business users to make guaranteed same day payments, in return for a service fee paid to their credit union or bank.
Expedited payments will be processed through the company’s end-to-end payments network, which links its proprietary financial institution gateway with its extensive biller network. The service is seamlessly integrated into the financial institution’s banking and bill pay application, providing ease of use and greater consumer adoption.
With this integrated service, consumers simply log on to their financial institution’s web site to make a payment in the same manner they do today. Within the billpay application, consumers will see speed of delivery options for payments to eligible payees.
