Dream Payments has officially announced the launch of its a modern API & Embedded Payments Platform named DreamPay.
According to certain reports, the stated solution is designed to help North America’s leading financial institutions, insurers, healthcare providers, and software platforms seamlessly integrate payment services directly into their customer experiences, software applications, and business workflows. By doing so, the solution allows these users to effectively remove the complexity of building and maintaining payment systems in-house.
Talk about the given solution on a slightly deeper, we begin from its Dream Pay In functionality that leverages the company’s API to let businesses easily accept payments. Hence, no matter whether it’s credit cards, debit cards, ACH, or digital wallets, DreamPay makes it simple for companies to collect funds.
Next up, we have a Dream Payout facility, which allows businesses to send money instantly or on schedule. Furthermore, the facility facilitates fast multi-channel disbursements via Real-Time Payments, ACH & EFT transfers, virtual cards, and even checks, offering flexibility for transactions such as claims payouts, vendor payments, or payroll.
Then, there is the feature of Dream Payment Orchestration that simplifies complex financial flows through its Payment Orchestration solution. This way it empowers businesses in their journey to route and optimize payments across multiple methods and platforms, ensuring smooth, efficient, and cost-effective payment processing at scale.
Beyond that, the solution even helps companies instantly issue virtual cards for fast, secure payments. The said cards, on their part, can be used for managing expenses, vendor payments, or rewards, providing greater control, and visibility over spending.
Moving on, users can also expect a facility to realize optimal compliance and security. You see, DreamPay is specifically made to offer built-in transaction monitoring, advanced security features, and compliance with PCI-DSS and SOC 2 standards to deliver secure transactions. It even helps businesses comply with all required regulations, from AML to KYC, while simultaneously providing easy-to-read reports for full transparency and auditability.
“Dream’s mission is to usher in the future of financial services by helping our clients and partners build and monetize payment services,” said Brent Ho-Young, Co-Founder & CEO of Dream Payments. “DreamPay delivers the modern API and payment infrastructure that makes this possible, allowing companies to accept omnichannel payments, send payouts, issue virtual cards, and manage financial operations—all without the burden of building these services from scratch.”
Having referred to the solution’s features, we now must turn our attention towards some of its possible use cases. For starters, the solution can be used across financial institutions, where it will enable payment acceptance and payouts at the point of sale, in mobile apps, or online. Basically, by providing a modern API and secure payment processing infrastructure, financial institutions can offer their clients seamless, modern payment solutions and compete with leading fintechs.
The next possible use case comes in the insurance sector, a sector where the new solution will play the role of a unified platform for both premium collection and claims payouts. The idea behind doing so is to help insurers streamline operations by automating multi-channel, facilitating real-time payment processes, reducing administrative costs and improving the customer experience with faster payouts.
There is also healthcare-focused use case, as DreamPay enables healthcare payers and platforms to collect patient payments, process prescription payments, conduct prescription delivery driver payouts, and send payments to medical providers, such as hospitals, physicians, and clinics for patient treatments.
Beyond that, the real estate sector also stands to gain from the technology in question. This translates to how DreamPay can allow property managers and platforms to automate rent collection, initiate vendor payments, send payouts to building owners, and at the same time, eliminate manual payment processes and reduce administrative overhead.
Hold on, there is more, as we still haven’t acknowledged the ways in which DreamPay will aid the case of SaaS platforms. Simply speaking, the solution can assist software providers in quickly and seamlessly embedding revenue-generating payment services directly into their platform so to let users automate both inbound and outbound payment. Such a setup is likely to cut down on friction, improve customer retention, and unlock lucrative new revenue streams for the software platform.
