Articles from Onbe

Onbe, a leading corporate payouts platform, recently expanded Send to Wallet, a capability enabling payout recipients to add virtual cards to a mobile wallet in a click, to EUR and GBP markets—driving the next evolution in digital payouts with faster, more seamless spending options. By offering Send to Wallet to their customers and workforces in Europe and the UK, businesses can now empower their recipients to instantly add Onbe virtual cards to Google Pay and Samsung Pay and enjoy unparalleled convenience and choice. The international expansion of Send to Wallet underscores Onbe's leadership in the cross-border payments space, meeting the growing demand for efficient, secure and modern digital disbursements across international markets.

Onbe, a leading corporate payouts platform, and NRG, a global insights and strategy firm, published their second annual Payouts Landscape Report—Onbe’s fourth annual payments study overall. The findings reveal that digital payments are here to stay—and businesses can stand out with more personalized, consumer-centric disbursements. The study, which surveyed 1,504 respondents across the U.S., found that nearly all Americans use digital payments regularly and 88% prefer to receive funds via digital methods. At the same time, preferences vary, and consumers gravitate toward the digital options that meet their needs of the moment—from faster payments to spending flexibility. The rapid pace of digital transformation in recent years has set the stage for the next evolution in payments, which requires a more incremental approach focused on fostering engagement and loyalty through a broader range of choices, enhanced capabilities, and improved experiences.

Onbe, a market-leading corporate disbursements platform, published its Winter 2025 Patient Refund Survey, revealing that timely, digital patient refunds can help boost satisfaction and retention. Over 50% of patients surveyed have experienced a delayed, lost or incorrect payment from their healthcare provider, sometimes leading to the loss of trust – or even a financial burden after waiting too long to receive a payment. With 71% stating they would be more likely to switch providers after a bad payment experience, digital refunds have emerged as a critical differentiator for healthcare providers looking to improve patient satisfaction.

Onbe, a leading corporate payouts platform, today announces the appointment of Sayid Shabeer as its new Chief Product Officer. Shabeer joins the company's executive team reporting directly to CEO Bala Janakiraman, as Onbe deepens its focus on financial services and software partnerships to modernize the $3 trillion business-to-person payments market.

Onbe, a leading corporate payouts platform, today announced that it has partnered with TAB Bank, a technology-driven online bank serving businesses and consumers, to modernize the process of disbursing refunds following account closures. While account balance refunds are traditionally paid by check, Onbe’s research shows that 92% of consumers prefer digital and electronic payouts. This partnership enables TAB Bank to leverage Onbe’s payouts gateway to deliver digital-led refunds. Customers will have a choice of payment methods, including instant virtual cards, improving convenience and satisfaction during account closure.

Onbe, a market-leading corporate disbursements platform, published its 2024 Auto Finance Payments Survey exploring automotive consumers’ refund preferences. When receiving payouts across the automotive ecosystem, from loan overpayment to Guaranteed Asset Protection (GAP) insurance refunds, car buyers and lessees look for payment choice and a variety of digital payment offerings. Beyond appreciating the convenience of their preferred payment options, consumers perceive digital refund experiences as more transparent, with 67% of survey respondents agreeing that digital payouts would positively impact their trust in their automotive financing provider. Leveraging instant and choice-driven digital solutions empowers consumers with simpler, clearer payout experiences, leading to improved satisfaction at a moment worth celebrating: the end of a financing term.

Onbe, a leading corporate payouts platform, and TimeForge, a full-featured labor management system for the retail and food service industries, recently released the findings from their 2024 Same Day Pay Survey. As rising prices over the last two years have made financial wellness top of mind in many households, the study by Onbe and TimeForge has revealed that same day pay is a popular solution, with 70% of hourly employees eager to take advantage of same day payments.

Onbe, a leading corporate payouts platform, recently published its Spring 2024 Title, Escrow and Mortgage Payments Survey, highlighting that home buyers overwhelmingly prefer digital payouts. 92% of respondents stated receiving a digital refund would be more convenient compared to waiting for a check in the mail. In an April 2024 Freddie Mac report, the mortgage market saw a 3.9% month-over-month increase in activity, with a 5.9% increase in refinancing activity and a 3.2% month-over-month increase in purchase applications. With 50% of homeowners having received a title, escrow or mortgage refund, there is a significant opportunity for companies in this space to meet the preferences of consumers by providing them with the instant and convenient payout experiences they desire.

Onbe, a leading corporate payouts platform, is partnering with recycling management software company ScrapRight to make payouts more secure and accessible for over 600 scrap yards and their thousands of sellers. Integrating ScrapRight’s platform with Onbe’s digital payout gateway helps scrap yards replace cash or check payments with modern and instant options that provide a more convenient, faster experience for sellers in their choice of payout.

Onbe, a leading corporate payouts platform, and NRG, a global insights and strategy firm, published the 2024 Payouts Landscape Report, which surveyed 1,594 respondents across the U.S., found that 92% of consumers prefer at least one digital or electronic payment method when receiving a payout or incentive payment. But it’s not a one-size-fits-all approach – preferences vary depending on the individual and context, with the average consumer indicating a preference for three different payment methods and more than three-fourths agreeing that payment choice is important. From virtual cards to payment apps, brands must be prepared to offer a payout experience that’s as diverse as their customer base.

Onbe, a leading corporate payouts platform, recently published its Winter 2024 Legal Services and Class Action Payments Survey uncovering the demand for convenient digital payments among class action payout recipients. 80% of respondents stated that receiving a fast and secure digital payout would be more convenient than receiving a check in the mail. When offered digital options, nearly a third of respondents said they would prefer to receive a settlement via payment apps and digital wallets.

Onbe, a leading corporate payouts platform, today announces its partnership with TimeForge, a full-featured labor management system for the retail and food service industries, to transform the traditionally cash-heavy tip payout process into a seamless digital-first experience offering a range of popular payment choices. The new partnership with Onbe simplifies the payments side of restaurant management by providing a tip-tracking solution from TimeForge, integrated with Onbe’s digital payout offerings, to 14,000 restaurants, grocery stores and other retail groups and their approximately 840,000 employees.

Onbe, a leading corporate payouts platform, announces that it has been named one of the U.S. Best Places to Work in Built In's 2024 Best Places to Work Awards. Onbe was honored with six awards in total, including U.S. Best Places to Work, U.S. Best Midsize Places to Work and Chicago’s Best Places to Work. Built In’s annual awards program includes companies of all sizes, from startups to enterprises, and honors both remote-first employers as well as companies in large tech markets across the U.S.

Onbe, a leading corporate payouts platform, published its Winter 2023 Property Management Payouts Survey revealing that renters want flexibility and choice in how they receive their security deposit refunds—and having that choice of secure, digital and immediate refunds empowers renters with convenient access to their money which allows them respond to a rapidly changing housing market. 75% of those splitting their refund with roommates stated that receiving payments through digital wallets would have made the experience easier.

Onbe, a leading corporate payouts platform, today announces its partnership with CardCash, an online secondary gift card market for unused gift cards, to enable instant payouts on virtual Mastercard® cards, making it even easier for consumers to turn their unwanted gift cards into a flexible payment method. Following a successful pilot program over the summer of 2023, Onbe and CardCash’s solution will launch just in time for the holiday season, allowing CardCash customers to immediately spend their funds with the 37 million merchants that accept Mastercard®, globally.

Onbe, a leading corporate payouts platform, just published its Fall 2023 Healthcare Payments Survey revealing that patients are eager for healthcare providers to offer digital payment options, with 77% saying that making and receiving payments digitally would positively impact their relationship with their healthcare provider. Medical refunds are especially ripe for digitization, with 59% of patients receiving payments via check despite the high costs, risk and decreasing popularity of this payment method. By switching to modern payout solution, healthcare providers can maximize convenience and choice for patients and increase their overall satisfaction at a critical touchpoint.

Onbe, a market-leading corporate disbursements platform, just published its Fall 2023 Utility Survey revealing that sustainability is a top priority for consumers living in states with deregulated energy markets, with 67% of consumers valuing utility companies that prioritize environmentally-friendly efforts and 35% of customers want clean energy options. While competitive energy pricing remains paramount for consumers, green practices such as offering digital payouts (which can save nearly 25 grams of CO2 compared to a physical card) create new opportunities for utilities to attract and retain customers.

Onbe, a leading corporate payouts platform, today announces the launch of a digital-first consumer refund program with Westlake Financial (Westlake), the largest privately held finance company in the United States. Westlake has replaced its check-based refund program with Onbe’s payouts gateway, providing instant payments to recipients while eliminating internal program and labor costs.

Onbe, a market-leading corporate disbursements platform, is proud to announce that Jennifer Garrison, Chief Administrative Officer, has been named Female Executive of the Year in FinTech for the Globee® Awards 2023 Women in Business awards. The annual awards program celebrates and recognizes the remarkable achievements of women in the business world across industries.

Onbe, a market-leading corporate disbursements platform, recently released the findings from its Summer 2023 Auto Survey. The survey polled 732 auto shoppers, aiming to better understand their preferences when receiving payments from their lender, dealership or manufacturer. While purchase incentives are among the top three factors that influence a consumer’s decision of when to buy or lease a new vehicle, Onbe’s survey uncovered that businesses have an untapped opportunity to build lasting loyalty by offering the frictionless, fast payouts their customers prefer, while improving their efficiency. Whether beginning their journey with an automotive brand from an incentivized test drive to the trade-in process to the maintenance of the vehicle, payments are a key contact point between automotive customer and automotive companies – and by reducing friction, these companies can exceed customer expectations.

Onbe, a leading business to consumer disbursements financial technology company, today announces the addition of PayPal and Venmo* functionalities to its product offerings. With PayPal and Venmo, Onbe’s clients now have more options to provide fast, seamless and secure digital choices to their recipients within Onbe’s existing product suite.

Onbe, a leading disbursements financial technology company, today announces the launch of OnbeGuard, the latest enhancement to Onbe’s suite of fraud prevention tools, which now includes the integration of behavioral biometrics from BioCatch, a leader in advanced fraud detection. Consulting firm McKinsey highlights that while the risk of fraud is increasing, up to 25% declined e-commerce sales were false positives. OnbeGuard’s progressive multi-platform, model-based approach combines historical spend patterns and BioCatch’s behavioral biometrics with channel data, to predict and combat both payments fraud and the delays and hassles caused by false positives – at checkout, at account login and at the ATM, empowering a seamless experience for the end user.

Onbe, a leading disbursements financial technology company, today announces the launch of Send to Wallet. An early to market offering, Send to Wallet, gives users the ability to add their virtual card quickly, simply, and securely to their preferred mobile wallet, from a web browser, without downloading an app or inputting bank details. Users load their virtual card directly into a mobile wallet by following prompts from a web browser email, or on a mobile phone - and with a few simple clicks, the card is ready to spend. This new offering complements Onbe’s existing mobile wallet provisioning options, and delivers a smooth, modern experience for both merchants and the 73% of consumers in the US who prefer to shop and pay through digital methods.

Onbe, a market-leading corporate disbursements platform, today published its 2023 Future of Payments Survey, finding that digital payments continue to drive US consumer preferences in today’s connected economy. 70% of respondents prefer to receive payments digitally and 73% prefer to shop and pay with digital methods, including in-app and peer-to-peer payments, the survey found.

Onbe, a market-leading corporate disbursements platform, today announced the launch of its latest product, Push-to-Debit for Canadian dollars. Using this near real-time, cash-equivalent option, businesses have the ability to send funds to their workforces and consumers by easily pushing a payment in Canadian dollars to a recipient’s personal or business checking account via a linked debit card.

Onbe, a market-leading corporate disbursements platform, announced today that it has accepted the invitation to join the U.S. Faster Payments Council (FPC), an industry-led membership organization dedicated to advancing faster payments in the United States. Onbe is one of the first corporate disbursement platforms to join the FPC, connecting with banks, software companies and corporations seeking to realize and promote the advantages of faster payments for businesses, financial institutions and consumers—including cost savings, efficiency, risk reduction, choice and immediate gratification.

Onbe, a fast-growing corporate disbursements platform with over 25 years of payments experience counting 11 of the world’s leading automotive brands as clients, released a new U.S. study closely examining consumer automotive shopping behaviors. Surveying more than 1,000 Americans between 18 and 99 years old in August of 2021, the study found that providing seamless digital experiences, from shopping to incentives, is the key to driving purchasing action.

Onbe, a fast-growing corporate disbursements platform, today announced the appointment of Jennifer Garrison as Chief People Officer (CPO) effective September 7, 2021.

Onbe, a fast-growing corporate disbursements platform, today announced that Chairman Juli Spottiswood was named an Entrepreneur Of The Year® 2021 Southwest Award winner.

Onbe, the preferred payments partner for the world’s leading brands, today announced the appointment of Bala Janakiraman as Chief Executive Officer (CEO), effective immediately.

Onbe, the preferred payments partner for the world’s leading brands, released a new national study identifying the factors that drive millennials and Gen Z consumers’ purchase decisions. The study, which surveyed nearly 1,000 Americans between 18 and 40 years old, found the most impactful way to build loyalty and awareness with the under-40 consumer is through engaging, branded digital experiences. Along their road to purchase, this demographic is heavily swayed by how brands connect with them across digital platforms—most prominently through influencer marketing and digital rewards and incentives.

Onbe, the preferred payments partner for the world’s leading brands, today announced that industry executive George Eliopoulos, has been appointed as Chief Revenue Officer (CRO), alongside a new member of the Board of Directors, Kevin Schultz. Eliopoulos and Schultz’s appointments come on the heels of Onbe’s recent brand launch announcement —following the merger of two leading fintechs, daVinci Payments and North Lane Technologies.