Inlet, a secure eBill presentment and delivery platform that provides millions of bills each year to bank bill payment destinations servicing both consumers and businesses, announced it will participate in the Financial Data Exchange (FDX), a non-profit organization committed to developing and promoting a single industry standard for financial data sharing.
As an FDX member, Inlet joins more than 100 industry partners who are defining an interoperable, secure data sharing standard that will improve efficiency, transparency, security and consumer control of how financial data is shared among all participants of the financial services ecosystem.
Inlet provides banks and bill payment platform providers with direct-integrated and aggregated bills and invoices for electronic presentment and payment. Approximately 6,500 financial institutions are connected to Inlet to source bills for presentment to end-consumers. Consumers utilizing these services require fast, secure, and convenient access to their personal financial data.
“Inlet offers customers convenience, choice, and control over how and where they receive, pay, and store their bills. Participating in the Financial Data Exchange will help Inlet lead the digital data delivery industry and drive collaboration, while aligning with the shared goal of creating secure methods to transmit and enable access to data and digital payments,” said Christopher Johnson, CEO of Inlet.
“We’re excited to have Inlet on board as we continue to grow the adoption of the FDX API,” said Don Cardinal, Managing Director of the Financial Data Exchange. “With over 12 million U.S. consumers protected, we are proud to see the success of this industry-led approach to establishing a financial data sharing standard.”
Inlet is a secure digital document delivery solution which connects companies to consumers via thousands of financial institutions, major personal cloud storage sites and real-time payment networks. Through a single integration, companies can send eBills, statements and other important documents to the online destinations their customers visit and trust the most. These destinations include Microsoft OneDrive, Dropbox, Google Drive and Evernote; 6,500 bank and credit union websites across the United States; and the Mastercard Bill Pay Exchange. Inlet increases customer engagement, paperless adoption rates and enables faster payments. To learn more about Inlet, a joint venture between Broadridge Financial Solutions (NYSE: BR) and Pitney Bowes (NYSE: PBI), visit www.InletDigital.com.
About the Financial Data Exchange
Financial Data Exchange, LLC is a non-profit organization dedicated to unifying the ﬁnancial industry around a common, interoperable, royalty-free standard for secure and convenient consumer and business access to their financial data. FDX empowers consumers through its commitment to the development, growth and industry-wide adoption of the FDX API, according to the principles of control, access, transparency, traceability and security. Membership is open to financial institutions, fintech companies, consumer advocacy groups, and other industry participants. FDX is an independent subsidiary of FS-ISAC. For more information and to join, visit www.financialdataexchange.org.