Speed is critical for billers and payers. In fact, 75% of businesses consider it important to offer faster payments, according to a 2021 Federal Reserve survey. If they’re not already part of your company’s payment acceptance policy, instant payments and real time payments can easily be a cash flow game-changer for your business.
With the launch of FedNow, the Federal Reserve’s instant payments service, businesses must be prepared to offer instant and real-time payments to their customers, but financial teams across the US still have work to do if they want to be ready for the industry changes that will come.
Our downloadable guide tells you why you shouldn’t miss out on this opportunity and offers tips for implementing these services, which customers are demanding. A robust real-time payments strategy between billers and payers could be what you need to protect and maintain your cash flow while keeping your customers satisfied and engaged.