The embedded payment solution is tailored for websites, apps, enterprise systems, and fintech integrations, offering businesses and institutions the ability to provide customers, suppliers, and employees with fast and secure payment experiences.
Embedded Solutions Offered by US Bank
The bank’s suite includes a for-benefit-of (FBO) account structure that supports unlimited virtual accounts. This feature helps businesses track and identify funds for each participant involved in transactions. By leveraging services such as merchant processing and treasury management, the bank ensures efficient and secure payment solutions that meet clients’ specific needs.
In addition to FBO, US Bank provides technology for verifying and onboarding customers, offering ongoing support for payment management. A variety of payment types are available, including instant payments, catering to both parties’ preferences and requirements.
US Bank understands the increasing pressure finance leaders face to enhance liquidity, reduce transaction friction, and improve customer experience. The bank’s expanded embedded payments suite supports organizations in adopting secure, real-time payment capabilities, optimizing operations, and strengthening financial control.
This move underscores US Bank’s commitment to integrating new payment technologies into businesses’ software and platforms, thereby offering faster, easier, and more secure transactions. Utilizing its wholly owned subsidiary, Elavon, the bank supports tech-driven merchant acquiring solutions.
The use cases span across multiple sectors including fintechs, insurance carriers, healthcare systems, online auto retailers, title companies, and others. Companies like Basefund, a fintech serving municipalities and corporations, and Rain, an employer-based wage access platform, have already embedded these solutions into their workflows.