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Kyriba and US Bank team on real-time payment enablement

Source: Kyriba

Kyriba, a global leader of cloud-based finance solutions, and U.S. Bank announced today that they are working together to ease the process of enabling real-time payments for businesses.

With new API-powered payment connectors, clients of both U.S. Bank and Kyriba can now easily send instant payments to vendors, customers, and employees from their U.S. Bank accounts within their existing Kyriba dashboard. This greatly reduces IT resources and time needed to enable new payment methods.

In addition to instant RTP® Network payments, joint U.S. Bank and Kyriba clients can also send Zelle®, payments with additional payment types to follow soon. The solution also provides businesses with real-time visibility into bank account balance and transaction reporting, which helps improve cash flow management.

“We’re focused on streamlining the process of enabling instant payments for our clients to help them quickly experience the competitive advantage that comes with delivering payments in real-time, 24/7,” said Anu Somani, head of global payables and embedded payments, U.S. Bank. “This is one of many ways we are bringing embedded payments to the market. With real-time APIs, we’re meeting our customers where they are, easily embedding our payment solutions directly into their existing systems.”

“The partnership between Kyriba and U.S. Bank enables our customers to reduce payments costs, strengthen supplier relationships, and improve cash visibility and forecasting,” said Bob Stark, Global Head of Market Strategy at Kyriba. “Combined with Kyriba’s real-time fraud detection and account validation, Kyriba and U.S. Bank are delivering secure and compliant payment processing that operates at machine speed.”

Kyriba's Real-time API Connectivity Network integrates banks, ERPs, trading portals, data services and payment apps using pre-built connectors to improve business continuity and minimize IT time and cost. 

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