What's the Business Value of Instant Payments?
According to Federal Reserve surveys, the majority of U.S. businesses sent or received a faster payment in 2022, the most recent year for which data is published. Offering instant payments via the FedNow® Service can help your institution meet this demand, improve customer experience, and keep pace with the competition.
Your organization can also reap other benefits from instant payments. For example, transactions settle between financial institutions in seconds, so there’s no buildup of interbank obligations. Plus, instant payments provide revenue growth and cost-saving opportunities that can benefit your financial institution’s bottom line.
Click the Read More button to read the latest blog from Tracy Merritt, AAP, APRP, CGMA, CPA, NCP, Senior Vice President, ePayAdvisors, for the latest FedNow use case insight and how ePayAdvisors can help!
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| Topic | |
| Delivery Type | - Articles / Editorial
- Partner / Industry Resources
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| Role | - Executive Leader
- Strategist / Thought Leader
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| Organization Type | - Corporation
- Challenger / Neo Bank
- Financial Institution
- Software & Service Provider / FinTech
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| Knowledge Level | - Advanced
- Beginner
- Intermediate
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| News Details Button URL | https://connections.epayresources.org/blogs/tracy-merritt/2024/01/30/business-value-of-instant-payments |