A digital disbursement is any electronic funds transfer (EFT), such as RTP, Zelle®, push-to-card, ACH, or prepaid cards.
Simplify your disbursement process with our digital payment solution.
With the changing payments landscape, the people you pay expect more of everything: convenience, choice and speed. That’s why Payee Choice allows the person receiving payment to choose the payment method that best fits their life:
- Payee is notified of payment by email and text message, directing them to a personalized website where they choose their preferred method.
- Payment is sent via the chosen method.
- Payee data is securely stored for future payments, so you don’t have to maintain sensitive information.
Offer the latest digital payment choices.
Take advantage of the latest digital payments with our ever-growing capabilities. We’ll continue to add capabilities as payments evolve, so it’s one less thing to worry about as you keep pace. Payees currently choose from:
- Real-time payments (RTP®)
- Zelle®
- Push-to-card
- ACH
- Prepaid card
- Paper check
Benefit your payees – and your business.
- Meet consumer demand for digital payment options.
- Lower risk and cost by decreasing manual payments.
- Streamline your operations through simplified payment initiation.
- Reduce your need to store sensitive data.
- Improve visibility through online payment processing and enhanced reporting.
- Lighten IT resource demand with our easy plug-and-play option.
How Payee Choice provides solutions for your industry:
Utility companies
Customer refunds for discontinued service.
Colleges and universities
Tuition refunds, student athlete expense reimbursements or research study payments.
Gig economy
Immediate pay for short-term and/or freelance workers.
Healthcare
Patient refunds for credit balances.
See Payee Choice in action.
A partnership with U.S. Bank helped Saint John’s University and the College of Saint Benedict address pandemic challenges by enabling electronic payment options.
Get answers to your digital disbursement and Payee Choice questions.
A digital disbursement is issued by notifying the person receiving payment via email or text message. The individual is directed to a personalized portal where they choose and store their preferred payment method. Upon selection, the payment is sent to them.
Payees can choose from a range of digital and traditional options. The fastest, digital options include RTP, Zelle®, push-to-card and ACH. Payees can also choose to be mailed a prepaid card or paper check. We continue to evolve our payment capabilities as new ones become available.
Managing checks can be costly, especially with one-time or infrequent consumer payments. With a disbursement service, your risk of lost or misplaced checks is reduced. Your customers simultaneously enjoy a more convenient and secure payment alternative, meeting the demand for faster, more automated payment methods.
Discover how Payee Choice can simplify your payments world.
A single disbursement platform that integrates into your existing system is not too good to be true. U.S. Bank Payee Choice is the solution. Our digital payments experts can explain how.
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