FASTER PAYMENT SOLUTIONS
Move at the speed of modern business.
Faster payments help you build a payments strategy that meets the needs of your business and the people you pay, optimizing the mix of options to your benefit. You can deliver speed, certainty and real-time information 24 hours a day, 365 days a year—driving process efficiency and payee satisfaction.
Find faster payment solutions that meet your needs.
Enable your business to match payment types to customer preferences and the information payees are comfortable providing. Not every payment type is available to every payee, so building a holistic strategy can make sure you use the right payment at the right time.
INSTANT PAYMENTS
RTP® network and FedNow® Service
Instant payments deliver access to funds 24 hours a day, every day, including weekends and holidays. With automated processing, you can simplify initiation of payments up to $10 million through the RTP network and $500,000 through the FedNow Service. Rich and real-time data allows you to track the full payment lifecycle and see where funds sit at any time.
ZELLE®
Disbursements via Zelle ®
Through the Zelle® network you can seamlessly transfer funds to clients who have an eligible checking or savings account. All you need to know is their email address or U.S. mobile phone number. More than 150 million Americans can access Zelle® through their mobile banking application.
PUSH-TO-CARD
Send funds to eligible cards.
Push-to-card lets you send individual payments within minutes to any eligible Visa or Mastercard debit or prepaid card in the U.S., while reducing manual tasks and the high costs of issuing checks. Since push-to-card is powered by Visa Direct, you can have confidence that payments will be secure thanks to industry-leading fraud monitoring and detection.
Solutions that provide multiple payment options
Payee Choice
Payee Choice lets you provide digital disbursement options to payees. Streamline payments while creating a superior experience. Offer payment choices via instant payments, Zelle®, push-to-card, ACH, prepaid cards or checks within a single platform.
Pay Smart
Benefit from our Pay Smart intelligent routing service, which allows you to capture significant savings and efficiencies with automated, rules-based payments origination. Pay Smart recommends instant payments when available, and prioritizes alternative payment options.
When you need to incorporate the latest capabilities, we can connect you.
We have the solutions and the connections to help you build a comprehensive digital payment strategy. Choose to connect through APIs, file transmission or SinglePoint, our online cash management portal. Embed payments into the systems, tools and platforms you already use to make life easier for your customers, company and supply chain partners.
Trends and insights about faster payments
Can faster payments mean better payments?
Along with rapid remittance, new payment technologies could provide increased ease, efficiency and information for receivables, as well as payables. The key to success is figuring out which technology to use – and when.
Instant payments are disrupting treasury.
The expansion of instant payments via FedNow and the RTP network is having real-world impact on businesses, governments and consumers as the digital payment ecosystem evolves.
Let’s talk about faster payments.
If you want to find out how a faster payments ecosystem can help your company and your customers, reach out to our team.