NEW YORK—Citi has added two capabilities to its digital bill payments platform, Present and Pay and Request for Pay.
Citi Verify lets billers validate customer bank account details in real time—helping ensure compliance with rules set by the National Automated Clearing House Association (ACH), Business Insider noted.
Request for Pay, a standardized ACH network message, lets billers send electronic invoices to customers, who can then initiate near-real-time payments.
Present and Pay includes a white-labeled portal where billers can distribute digital invoices by email, SMS/text, voice/phone, and web. Customers can log into the portal to view invoices and make payments with ACH, debit and credit cards, checks, and what Citi calls "alternative payment methods" (APM).
Customers can also set up one-time, recurring, or automatic transactions.