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If you run a business, or work in the financial services industry, you might be familiar with #FedNow, the instant payment service developed by the Federal Reserve that launched last year. FedNow aims to increase the speed of cashflow for businesses by giving them the ability to receive real-time payments, but its full impact remains to be seen, as it first requires the participation of their banks.     Fortunately, your business doesn’t have to wait to get faster payments. Learn how working with a payments processing company can get you your payments same-day without any additional cost.  

Happy #ForwardlyFriday! 🥳 Business owners & #accountants are always on the move, relentlessly working around the clock. Outdated payment methods like checks, wire transfers, and ACH transfers are holding them back. With the launch of the #FedNow Service and numerous buzz around instant payment, are they as promising as they claim? Learn the seven benefits of how instant payments are empowering small businesses to experience financial agility like never before. Explore the top 7 Benefits 🔗: https://bit.ly/3PzXqQ7 #InstantPayments #FedNow #SMBs #FreeSameDayACH #Forwardly #SMBs

FedNow will revolutionize the way we pay and be paid, enabling instant, 24/7/365 payments between individuals and businesses. ACH payments and transactions will be handled faster and, in many cases, will be settled instantly. How much more profitable could your business be if your payments were settled instantly rather than through a batch method. It will be more important than ever to make sure your business is set up for the throughput #FedNow will provide for payments. #PayFac #Banking #FedNow

What is the FedNow Service, and is it the New "Cash App" for Small Businesses? For ages, the small businesses that drive 44% of the USA's economic activity have been stuck in the past with delayed checks, expensive credit card fees, and slow ACH transfers. But for years, consumers have had popular #P2P platforms like Zelle® and Venmo to instantly send and receive money to their friends and family. Things are about to change with the recent launch of The Federal Reserve's #FedNow Service. Head to our blog and learn how the FedNow Service will change how 33.2 million US #SMBs manage their account receivables and payables. Learn more: https://lnkd.in/gM-kbSRw #SmallBusinesses #AR #AP #Accountants #Forwardly #Fintech #RTP #InstantPayment #CashApp Federal Reserve Board #ACH #payments

Non-banks are flooding the embedded finance space, and financial institutions are moving in to claim their stake in this new payment space. Explore why embedded finance should matter to banks, and how offering these services to B2B clients can provide ample opportunities for cross-sell and growth. https://bit.ly/3Rf30sP #dlxmerchantservices

🌐 Embrace the Future of Payments: Unlock Growth with ACH Payments! 🚀 In the dynamic world of digital transactions, staying ahead means reimagining how we do business. 🌍💼 That's why we're diving into the incredible benefits of Automated Clearing House (ACH) payments – a game-changer that's transforming the way transactions are conducted. 🌟 Cost-Efficiency: Say goodbye to hefty processing fees! ACH payments slash transaction costs, letting your business save big while directing those funds to what truly matters. 💰 **Cash Flow Mastery**: Predictable settlement times (usually within 1-3 business days) give you the upper hand in managing cash flow—no more uncertainties – just streamlined operations. 🔐 Security First: ACH payments adhere to the strictest security protocols, safeguarding sensitive financial info. Build trust with customers while minimizing data breach risks. 🛒 Convenience Redefined: Make transactions a breeze for customers! ACH payments let them transact directly from their bank accounts, boosting convenience and customer loyalty. 🔄 Recurring Simplicity: ACH payments are your secret weapon if your business thrives on subscriptions. Set up automatic deductions for a seamless experience. 🌐 Broaden Your Reach: Don't leave anyone behind. ACH payments cater to customers without credit cards, expanding your customer base and maximizing sales potential. 🚫 Chargeback Relief: Kiss chargeback worries goodbye. ACH payments are less prone to disputes, giving you stable revenue and less admin work. 📊 Streamlined Finances: No more accounting headaches! ACH payments offer detailed transaction info ready for easy integration into your software. Say hello to streamlined bookkeeping. 🚀 Embrace the future, elevate your business! By embracing ACH payments, you're setting yourself up for success in the digital age. Diversify your payment options, create a seamless experience, and rise above the competition. Let's pave the way for innovation together! #ACHPayments #DigitalTransformation #InnovateForSuccess #StreamlinedTransactions

TRIVER Raises Further £20M to Provide Small Businesses with Instant Capital in a Click Leveraging Open Banking data and sophisticated AI, TRIVER funds small business’ short-term working capital needs, underwriting the risk of small business borrowing instantly and automatically. Faster and more easily than high street banks, it can provide advances on a business’s client invoices 24/7, offering peace of mind of simple access to capital when needed. Jerome Le Luel, Founder & CEO, said: “The vast majority of SMEs we interact with are willing to grant us access to their bank data via Open Banking. They’re familiar with this tool because it is commonly used with their accounting software. They see the benefit of a simpler process than manually providing bank statements and other data. Nor do they have to make personal guarantees when applying to us.” https://lnkd.in/eXR2bXbP Christoph Pfundstein Steven Green 07557 230740 Gokce Yucealpan Jennifer Holt #FFNews #Fintech #FintechMagazine #FintechFinance #Paytech #PaytechMagazine #Insurtech #InsurtechMagazine #KYC #Lendtech #Regtech

It's been a week since FedNow launched. Here's how it may affect you: #payments #fintech #fednow #cashflow #cash #moneytransfer How FedNow may affect businesses https://hubs.la/Q01Z98FH0

It's been a week since FedNow launched. Here's how it may affect you: #payments #fintech #fednow #cashflow #cash #moneytransfer How FedNow may affect businesses https://hubs.la/Q01Z91xP0

Discover how #FedNow's revolutionary instant payment system could replace the demand for ACH. Unlike ACH, instant payments bypass traditional ACH wait times and banking hours and settle in seconds. Could this be the end of traditional ACH transfers? Read the article here🔗: https://bit.ly/3F8zm1O #TechNews #FedNow #PaymentSolutions #GoingForwardly #FreeSameDayACH