📣 Product Announcement 📣 Today, we’re launching ✨ Verify Account Ownership via Name Match ✨ We’re excited to build upon the success of Verify — our first-of-its-kind technology. With today’s launch, Verfiy now offers three tiers, allowing customers to: - instantly verify bank account status, with 100% coverage of all U.S. bank accounts - ensures end users have control of the bank account being verified, and now validate ownership by determining if the first name and/or last name of a consumer bank account matches data tied to the account being verified. Verify gives you greater certainty that your payment is going to the right person. ✅ Read the full details over on the blog. 👇 https://hubs.li/Q02-X9yh0 #payments #accountverification #fintech
Orum.io
Financial Services
Orum transforms payment technology for businesses, revolutionizing payment speed, certainty, and orchestration.
About us
Orum transforms payment technology for businesses, revolutionizing payment speed, certainty, and orchestration through unified API-based solutions. Orum has raised over $82M from leading investors, including Accel, Canapi, Bain Capital Ventures, Inspired Capital, Homebrew, Acrew, BoxGroup, Clocktower Ventures, Primary Ventures, SVB Capital, and American Express Ventures.
- Website
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http://www.orum.io
External link for Orum.io
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- New York
- Type
- Privately Held
- Founded
- 2019
Locations
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Primary
New York , US
Employees at Orum.io
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Hrishi Dixit
Technologist, Advisor, Investor | Founding CTO at Yieldstreet and LearnVest
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Kamran Ansari
Venture Investor | fmr Head of Corp Dev & Strategy at Pinterest
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Gregory Gittrich
Chief Commercial Officer | Board Member | Advisor
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Lou Anne Alexander
Board member and Advisor - Fintech, Payments, Identity and Authentication
Updates
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What if you could avoid the costly delays and customer drop-off created by bank account verification offerings that use microdeposits and permission-based solutions? Orum has solved this challenge by streamlining the bank account verification process with our novel technology: Verify. We save our customers 99.4% of the time they once spent using antiquated offerings. With Verify, you will unlock a streamlined experience and accelerate your business’ growth and revenue. Set up time today to find out more: orum.io/verify #payments #accountverification #fintech
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Orum.io reposted this
Orum.io 🤝 Visa Direct Orum, which transforms payment technology for businesses by revolutionizing payment speed, certainty, and payment rail orchestration, has announced it will now offer U.S.-based customers real-time push and pull payments to and from bank accounts via its Deliver API solution, powered by Visa Direct. "We share a joint vision with Orum of making money movement simple, fast and secure for everyone, everywhere," said Yanilsa Gonzalez-Ore, SVP, Money Movement North America, Visa. "Real-time push and pull payments can serve a variety of purposes, including payouts to businesses, consumers, and gig economy workers. By integrating Visa Direct into Deliver API, we’re enabling Orum customer’s to move money with speed, convenience and peace of mind." 👉 Read the full press release here: https://vi.sa/41x46pf 👈 #VisaDirect #MoneyMovement #MoveMoneyYourWay #DigitalPayments
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🚀 PRODUCT LAUNCH: Orum Teams Up With Visa Direct 💪 We’re enhancing the capabilities of our Deliver API to include real-time fund transfers to and from bank accounts via debit card – powered by Visa Direct. Now with Deliver – Orum.io’s best-in-class money movement solution – businesses can optimize and orchestrate payments across Visa Direct, FedNow, RTP, Same Day ACH, ACH, and Wires. ✨ All through one, integrated API! ✨ 📣 “At Orum, our mission is to make money move – we are thrilled to add Visa Direct to Orum’s Deliver API. We built this game-changing solution to empower businesses to move money across millions of additional accounts,” said Stephany Kirkpatrick, CFP®, Founder and CEO, Orum. “We are obsessed with customer feedback, and the demand for card rails to be added into a unified solution was evident. We’re proud to partner with Visa, continue innovating on our Deliver API, and expand our innovative offerings.” 👏 "We share a joint vision with Orum of making money movement simple, fast and secure for everyone, everywhere," said Yanilsa Gonzalez-Ore, SVP, Money Movement North America, Visa. “Real-time payments can serve a variety of purposes, including payouts to businesses, consumers, and gig economy workers. By integrating Visa Direct into Deliver API, we’re enabling Orum customers to move money with speed, convenience and peace of mind." 👉 See all the details here: https://lnkd.in/ecAcMzPT #VisaDirect #Payments #Fintech #Visa
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Orum.io reposted this
The latest FedNow stats reveal that growth is OFF. THE. CHARTS. 📈 👏 From just Q3 to Q4 2024, the number of transactions TRIPLED. 👏 As a startup founder this kind of compounding growth is very exciting - we have all started something meaningful on a small base of customers or volume, knowing that compound growth rates make for escape velocity. It’s yet another proof point that faster payments are at a major inflection point. And when you dig a little into this data, it’s obvious what’s driving it: Faster payments are clearly aligned with B2B use cases, and this is why I love being part of the U.S. Faster Payments Council B2B Workgroup alongside Dean N.. The average FedNow transaction is more than $22,000. That’s about 100x bigger than Zelle, which is probably the closest consumer faster-payments comparison point. These high-value transactions prove what we at ⚡ Orum.io ⚡ have always known to be true: B2B is the unlock, the massive opportunity, the tipping point for widespread adoption of faster payments. I love to imagine if we’d had this kind of data and insight into, say, ApplePay when it was ramping up. Naysayers might have sniffed at it when it was sub-1M transactions a quarter…and look at the ubiquity of ApplePay now. Faster payments like FedNow and RTP have already made incredible progress—but in truth, they’re just getting started. I am beyond thrilled to see the progress spearheaded by the incredible folks at leading the development of FedNow - Mark Gould, Mollie Markham, Daniel Baum and more. The inflection point is now! #FedNow #payments #fintech
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ICYMI: We launched ✨ Monitor ✨ – the first-ever payments portal purpose built to optimize and orchestrate payment operations for enterprise businesses. With Monitor, our customers quickly: ✅ Streamline payment operations ✅ Optimize and orchestrate money movement ✅ Track transfers and verifications in real-time ✅ Leverage one-click automation ✅ Customize features and permissions We’d be excited to get you set up. See all the details and book a meeting here: https://lnkd.in/e3NcjFZd 🙏 DJ Seeterlin and everyone Chesapeake Bank for piloting Monitor with us. We love partnering with your innovative team.
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Bank-rate pricing ✅ All major payment rails ✅ Expanded processing windows ✅ Orum’s Deliver solution is the simplest API for fast, reliable payments. With one integration, you will transform your payment operations and remove all the complexity for your team. Want to learn more? Go to orum.io/deliver. We’ll get you set up in two weeks or less. #payments #fintech #makemoneymove
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Orum.io reposted this
Payments Technology Leader Orum.io Launches ‘Monitor’ – The First-Ever Payments Portal Purpose Built To Optimize & Orchestrate Payment Operations For Enterprise Businesses “We all remember how hard it was – just a few years ago – to ship packages online. Awful tools, competing shipping companies, all with confusing or excessive costs. Sending money in the U.S. is much worse – especially for businesses who have been forced to use 50-year-old technology, rely on paper checks, and build PayOps teams with dozens, if not hundreds of employees. We no longer live in that world,” said Stephany Kirkpatrick, CFP®, Founder and CEO, Orum. “Now with Orum’s Monitor payments portal, businesses can easily transform their payment operations and revolutionize their payment for speed, certainty, and orchestration.” https://lnkd.in/dTnEi8Fj DJ Seeterlin Chesapeake Bank Hunter Pawloff Justin Hadley Elisa Rodriguez Bryan McCarty James Strate #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews
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Stop betting your business on a payments provider that only works with one bank. That single point of failure creates considerable risk for your business. Orum’s Deliver API solves this challenge by leveraging multiple, premier bank partners as well as an extraordinary direct connection to the Federal Reserve’s payment rails as a service provider. Deliver is the simplest API for fast, reliable payments – giving you access to FedNow, RTP, Same Day ACH, ACH, and Wires. All via one integration, and that same API automates smart routing to optimize your money movement for both speed and cost. Your business ends up with a modern solution and you also eliminate that single point of failure. We can get you set up on Deliver in two weeks or less. Set up time to chat here: orum.io/deliver #payments #fintech #makemoneymove
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👀 Fintech Is Femme got an exclusive look at our new product ✨Monitor✨ and wrote this about the first portal built to optimize payment operations for enterprise business: “Automate payments, verify bank accounts and track transfers—all in real-time. It’s like Amazon’s routing system—but for payments. Monitor optimizes factors like speed, cost, and risk while letting businesses track, reconcile, and verify funds across multiple accounts.” 👉 Read Nicole Casperson’s full story featuring Orum.io Founder and CEO Stephany Kirkpatrick, CFP® here: https://lnkd.in/eSWCS67d ⏰💰And don’t wait to get your business set up with Monitor. Schedule a chat with us here: https://lnkd.in/e3NcjFZd #payments #fintech #founders