Have you considered instant payments as an option for your account holders?

Receiving instant payments via the Real-Time Payments (RTP) and FedNow networks is generally simple and benefits all account holders’ cash flow. However, sending such payments is more complicated and relies on the vendor’s capabilities. Since financial institutions usually provide retail account holders with several Person-to-Person (P2P) or Account-to-Account (A2A) transfer options, a common high-demand use case is enabling businesses to send instant payments.

Use case examples are:

• Real-time cash-flow management 
• Emergency payroll
• Claim payments
• Real-estate transactions
• Day labor

How can Wespay Advisors help?

Discuss your payment strategy with us and explore how instant payments could be a viable option.

• Crafting the use case definition(s) and a policy
• Educating staff
• Mapping workflows
• Assisting with operational procedures 
• Reviewing the account holder agreement and audit considerations
• Suggesting fraud mitigation and control techniques

Let Wespay Advisors’ experience help you collaborate with your team and vendors to plan and execute. Contact us at [email protected].