Kyriba and U.S. Bank Add Instant Payments and Zelle for Businesses

Kyriba and U.S. Bank have partnered to offer new payment methods, including instant and Zelle payments to their joint clients.

With the implementation of application programming interface (API)-powered payment connectors from Kyriba, a provider of cloud-based payment solutions, businesses can send instant payments to vendors, customers and employees from their U.S. Bank accounts within their Kyriba dashboard, the companies said in a Wednesday (March 29) press release.

“This is one of many ways we are bringing embedded payments to the market,” U.S. Bank Head of Global Payables and Embedded Payments Anu Somani said. “With real-time APIs, we’re meeting our customers where they are, easily embedding our payment solutions directly into their existing systems.”

With this collaboration, clients of both U.S. Bank and Kyriba can send instant RTP Network payments and Zelle payments. Other payment methods will be added soon, according to the press release.

The newly announced solution also enables businesses to have real-time visibility into their bank account balance and transaction reporting, the release said.

“This partnership between Kyriba and U.S. Bank enables our customers to reduce payments costs, strengthen supplier relationships, and improve cash visibility and forecasting,” Kyriba Global Head of Market Strategy Bob Stark said in the release. “Combined with Kyriba’s real-time fraud detection and account validation, Kyriba and U.S. Bank are delivering secure and compliant payment processing that operates at machine speed.”

Corporate banking clients want more bank support in fast-tracking their digitization efforts. For the commercial banking industry, that means continuous innovation is more critical than ever in meeting customers’ needs, U.S. Bank Executive Vice President and Head of Global Treasury Management Rich Erario told PYMNTS in an interview posted in June 2022.

“Today, we’re seeing continued evolution of digital capabilities as commercial customers often ask for more visibility into the product onboarding process, faster time to product fulfillment and servicing, easier understanding of products available for specific business needs and a way to cut down on the amount of paper needed in the process,” Erario said in the interview, which was also published in the “Next-Gen Commercial Banking Tracker®,” a PYMNTS and FISPAN collaboration.

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