On Thursday (Nov. 18), Adobe announced the debut of an integrated solution that combines eSignature workflows, powered by Adobe Sign, with instant payments across the U.S. and around the world through Mastercard Send.
The collaboration offers an end-to-end digital document workflow with secure online forms, identity verification, automated document routing for approvals, eSignatures and instant payments.
The integrated platform also welcomes others to attach their own payout and disbursement solutions.
“In today’s digital world, consumers expect payments to be made in real-time, therefore businesses can no longer afford slow and costly paper processes,” Chiro Aikat, executive vice president of Products and Innovation for North America at Mastercard, said in the joint announcement.
“Through a unique solution that brings together Adobe Sign and Mastercard Send, we’re helping to digitize workflows and speed payments, so people and businesses can receive the funds they need quickly, simply and securely into the financial accounts of their choice,” Aikat said.
The Adobe Sign and Mastercard Send platform offers solutions for insurance claims, medical reimbursements, financial aid, government assistance and more, streamlining document-heavy approvals and disbursements.
Related: eCommerce Leasing Company Katapult Joins Adobe Exchange Program
In October, eCommerce leasing company Katapult became an Accelerate partner in the Adobe Exchange Program. Katapult’s lease-purchase option integrates with digital platforms and is available as an extension in the payment category of Adobe’s Magento Marketplace.
When using Adobe Commerce or Magento Open Source, Katapult’s merchants will receive prioritized support and access to real-time data and partner offerings.
An overwhelming majority of the 2,122 respondents to PYMNTS’ “Finding Retail’s Invisibles: Leveraging Flexible Digital Payments to Reach Underserved Durable Goods Customers,” done in partnership with Katapult, said they used leases or buy now, pay later (BNPL) options partly due to the ability to manage their expenses and satisfy their immediate need for items.
The study also found that 43% of former lease-to-own program users see BNPL as incentivizing them to shop with a particular merchant. Almost 22% of the respondents said their willingness to shop is higher with merchants that offer lease-to-own programs, increasing to 35% for millennials.
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