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Onbe and ZSuite Tech cooperate

Onbe has partnered with ZSuite Tech to provide an embedded digital withdrawal option for more than 90 banks in the US that use ZSuite Tech.

According to the press release, the partnership enables banks to offer a simplified and cost-effective mechanism for issuing payments through common methods such as virtual cards, ACH, push-to-card and mobile wallets. Integrating Onbe’s advanced disbursement capabilities with ZSuite’s platform provides a comprehensive solution for banks and their business clients to effectively address complex accounting, fund allocation and disbursement challenges in industries such as property management, legal services, municipalities and healthcare.

The digital payment solution developed in collaboration with Onbe enables ZSuite Tech’s banking customers and their business clients to meet the demand for faster payouts while avoiding the cost and hassle of issuing paper checks.

Onbe has partnered with ZSuite Tech to provide an embedded digital withdrawal option for more than 90 banks in the US that use ZSuite Tech.

Onbe officials said that through this partnership, Onbe can now expand its core focus on withdrawals to include dormant funds management, ultimately helping banks provide a more modern withdrawal experience while addressing compliance concerns.

Additionally, Onbe’s StateSmartSM solution simplifies the payout process for ZSuite Tech’s clients by fully managing forfeiture, compliance risk and administrative costs. This solution eliminates the burden and cost of processing unclaimed assets.

About ZSuite Tech

ZSuite Tech is a fintech company that aims to provide financial institutions with digital escrow products for specific business lines that they can offer to their clients. ZSuite’s products, ZRent and ZEscrow, simplify the collection of recurring payments and automate the management and compliance around three-party accounts and multi-purpose escrow sub-accounts.

About Onbe

Onbe is a fintech company that manages and modernizes customer and employee payouts for enterprise clients ranging from mid-market to Fortune 500 companies. Onbe’s team of experts and technology platform provide clients with solutions to outsource their entire B2C payment operations, freeing them from the cost, complexity and risk associated with handling these payments in-house.

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