We have always enabled digital bill pay to companies in our comprehensive electronic biller directory, but we recently expanded our Move Money service so that you and your customers can now settle bills with any US company or individual.
Welcome to chapter three of our API 101 series, where we offer useful information to help you navigate our platform and understand how you can use our APIs. In this chapter, we cover Open Platform’s Move Money service.
Across industries complicated and tedious reimbursements and disbursements processes plague companies and customers alike. How can open APIs help solve these challenges and which types of companies have the most to gain from better funds disbursement solutions?
64% of business-to- business payments are still made using paper checks. A huge variety of companies, from tiny startups to large corporations, could benefit from open payment APIs. We asked Open Platform’s Head of Product, Susan French, what types of companies might benefit from open payment APIs in the future and for what purposes.