Mobile technology and digital commerce are driving the need for faster and safer payment methods.
Your corporate customers are already experiencing person-to-person real-time or instant payments as consumers, and they will expect you to offer something similar to satisfy business needs.
With Digital Banking IQ you can offer real-time/instant payments for corporate customers to streamline, simplify and enrich business-to-business payments. Users can send and receive real-time payments as well as requests for payment.
Automation, immediacy and transparency are the driving concepts. Conversations related to payments, such as payment acknowledgements and request for information occur through YOUR online channel or Mobile Application.
A preview is available on the FedNow Service Provider Showcase.
“Banks that are not taking steps to offer real-time payments to their business clients are at risk of losing valuable revenue, specifically to competitor banks that are able to clearly articulate the value of real-time payments as part of an effective and efficient payments strategy.” Erika Baumann | Aite Group
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