Push to Wallet
Push to Wallet is a 24/7/365 payment rail that lets you quickly send funds from a XFT IDN account to a beneficiary’s PayPal, Venmo, Zelle, or crypto wallet.
When to use Push to Wallet
Insurance claims: Issue seamless claim payouts to policyholders.
Contractor payments: Pay gig workers for short-term engagements or temporary contracts.
Promotions: Offer financial incentives that entice mobile users to switch from competitors’ phone plans.
Rebates: Issue rebates to customers.
Travel reimbursements: Send payouts to recipients for lost baggage, travel inconvenience, and more.
Why use Push to Wallet
Speed: Quick availability of funds for beneficiaries.
Reach: Access to a network of millions of external wallet users, including those who prefer alternate payment methods.
Ease of use: The ability to identify beneficiaries through email addresses and mobile phone numbers rather than lengthy account and routing numbers.
Zelle® Disbursements is a 24/7 payment rail that lets you quickly send funds from a XFT IDN account to a beneficiary's email address or mobile phone number through the Zelle® network.
Why use Zelle® Disbursements
Speed: Quick availability of funds for beneficiaries.
Coverage: A large footprint in the United States that includes more than 1,800 banks and most consumer accounts.
Ease of use: Easy identification of beneficiaries through email addresses and mobile phone numbers rather than lengthy account and routing numbers.
When to use Zelle® Disbursements
Insurance claims: Offer consumers a seamless way to receive claim payments.
Gig worker payments: Pay gig workers instantly without their sensitive banking details.
Airline payments: Make payments to recipients for lost baggage, employee compensation, and more.
How use Zelle® Disbursements
A sender (individual, small business, or corporation) initiates a request to send money to a receiver (individual or small business).
The sender’s Financial Institution (FI) sends payment information to the Zelle® network.
The Zelle® network sends a message to the receiver’s FI.
The receiver’s FI processes the payment to the receiver.
Funds credited into receiver’s account.
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