In its quest to rise above the fray in alternative payments, Obopay Inc. has identified another financial-services niche ripe for modernization: business-to-consumer payments.

The Redwood City, Calif.-based firm on March 28 unveiled a service called Obopay Disbursements that enables companies to distribute such funds as insurance payouts and rebates directly to consumers' bank, debit card or branded prepaid card accounts.

Limited Time Offer

Save over $700 on your subscription. Special offer expires April 30, 2017.

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry