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January 25, 2019

Alacriti’s Orbipay to support digital disbursements

Payment technology company Alacriti has added digital disbursements feature to its cloud-based Orbipay platform that enables multi-channel electronic billing and payments.

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Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
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Businesses will be able to use Orbipay Digital Disbursements to directly and quickly send electronic payouts to their payees through ACH.

This process is expected to offer security, as well as cut down the time and costs associated with paper checks.

Alacriti CEO Manish Gurukula said: “Paper checks can represent a significant expense for businesses, especially those that issue payouts frequently, like property and casualty insurance companies.

“Orbipay Digital Disbursements allows businesses to reduce these costs by replacing the manual process of writing paper checks with faster electronic payouts that are deposited directly into payees’ bank accounts.”

The new solution supports straight-through, one-off and recurring disbursements.

It allows business-to-consumer (B2C) payouts, even when payees’ bank account details are not on-file.

In addition, payees can access their payout history and choose to receive email and/or text message alerts and notifications on their payouts.

The solution comes with Payer Portal that provides customer-facing staff with access to payees’ profiles and activity, including reporting linked to historic and upcoming payouts.

Gurukula added: “Orbipay Digital Disbursements is designed to deliver that experience to the payout process as well. The solution facilitates quick, easy, and secure payouts that are built with payees in mind, ultimately leading to more satisfied customers.”

Free Whitepaper
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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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