ABA Bank Journal Advertorial
February 26, 2025
Sponsored Content
   
FedNow Eblast Feb - 2025
The benefits of enabling send
with the FedNow® Service
Sending transactions over the FedNow Service unlocks new opportunities for financial institutions to serve their customers as well as gain faster, stronger return on their investment — beyond what receiving instant payments can offer. By enabling send capabilities with instant payments, banks can:
Provide better customer service through the transparency and convenience of instant payments
Retain or gain customers seeking send capabilities
Discover more revenue generation opportunities than with receive-only (such as new loans)
Reduce costs associated with processing higher-touch transaction types (such as checks)
Gain operational efficiencies and reduce manual interventions (e.g., convert small-dollar wires to instant payments)
Generate new fee income through send monetization strategies
Get tips on how your organization can implement and scale send capabilities at your own pace.
learn more
   
 
 

 

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