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.
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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.
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“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.”
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