Recognizing the need for financial institutions to meet increasing demand for person-to-person electronic payments, Harland Financial Solutions and Harland Clarke have collaborated to launch their own P2P payment network, Direct Payment Exchange for their 11,000 plus clients. The two companies are subsidiaries of Harland Clarke Holdings Corp.

The Direct Payment Exchange, DPXPay, enables financial institutions to offer their account holders the ability to send and request electronic payments to and from another person using only their email address or mobile phone number. In addition, consumers can use DPXPay for account-to-account transfers between accounts they hold at different institutions. Not only will this offering satisfy consumer requests for easier and more secure methods to send and receive money, it has the potential to generate profitable, transaction-based revenue for the institution, the companies say.

To coincide with the launch of the Direct Payment Exchange network, a charter membership program is being extended for financial institutions that wish to secure early membership in the network. Charter members will benefit from special, exclusive considerations, including waived membership fees, access to consumer marketing support, and name recognition in promotional campaigns. More than 3,000 financial institutions have already been enrolled to participate in the Direct Payment Exchange network.

 

 

For more information, visit: http://www.harlandfinancialsolutions.com/media/press-releases/harland-financial-solutions-and-harland-clarke-launch-p2p-payment-network