Harland Clarke’s Direct Payment Exchange™

P2P electronic payments are increasing dramatically — and beginning to transform the payment industry.

Consumers are fueling this powerful trend as they look for more convenient and secure ways to send money to, and receive it from, other individuals. Just as they trust your financial institution with their check, debit and credit card transactions, account holders will look to you to provide secure P2P payment solutions.

As a trusted payment provider, we have developed the Harland Clarke Direct Payment Exchange (DPX™) with your financial institution in mind. DPX is a secure P2P platform that facilitates the movement of money at a lower cost and delivers the features and benefits you demand.

DPX features include:

• Relentless focus on security and fraud prevention: Anti-fraud and anti-money-laundering systems are continually updated.
• Authentication directory and aliasing services: Account holders can authenticate recipients before sending money.
• Real-time transactions: Completed in moments rather than days, as with ACH-based systems.
• Least-cost routing: A large number of financial institutions sharing the network reduces costs.
• Marketing and promotional capabilities: Educating account holders about P2P payment services helps drive loyalty for your institution.
• Regulatory compliance: Applicable regulations include Regulation E, NACHA, GLB, FCRA and the U.S. Patriot Act.
• Flexible architecture: Integrates seamlessly with your existing online banking mobile banking processes, or works as a stand-alone service on your website.

DPX benefits include:

• Attracting and retaining account holders
• Competing with large payment providers, regardless of your institution’s size
• Generating transaction-based revenue

Plus, as a member of the DPX network, your financial institution will be able to provide DPXPay™, a service through which account holders can send real-time electronic payments to — and receive payments from — another person using only the recipient’s email address or mobile phone number. With DPXPay, account holders can also transfer money between accounts they hold at different institutions.

To learn more about DPX membership, contact your Harland Clarke account executive or click here.

To learn more about DPXPay, click here.