When you’re in the business of disbursements and payouts, speed can be everything, not just for customer acquisition and retention but also to build a new revenue stream. Customers live in a world of real-time gratification where you can get almost anything you want right now. So when it comes to their money, the expectation is immediate, instant access. Perhaps, not surprisingly, customers also are willing to pay more for speed.

Whether it’s cash advances, automated disbursements, payouts to contractors, or cash-back rewards, offering instant payments is a competitive advantage.

Grid, which makes financial services like cash advances accessible to everyone, selected Orum’s Deliver API to leverage the solution for fast, reliable money movement. Orum makes it easy for Grid to orchestrate and optimize its payouts across instant rails like RTP and FedNow, while also leveraging Same Day ACH and ACH to achieve 100% coverage of bank accounts in the U.S.  And Grid gets it all with bank-rate pricing, thanks to Orum’s extraordinary direct connection to the Federal Reserve. 

Beem also leverages Orum’s Deliver API for its instant cash advances sent via RTP and FedNow.

Would your disbursements benefit from similar solutions?