Online Resources has announced that its eCommerce Services unit has introduced a new disbursement solution. DIRECTV is one of five major billers that implemented the service in the first quarter. 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.
“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 R. 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 and electronic receivables services.”