TransferNow® from Fiserv is a convenient online account-to-account transfer platform that provides consumers an easy and secure way to transfer funds between accounts and financial institutions.
Online banking tools make opening financial accounts simple and straightforward, and given the diverse financial needs and goals of consumers, that means they have more accounts than ever before. Consumers today want easier ways to move their money between those multiple accounts, and TransferNow offers a streamlined account-to-account funds transfer solution that enables consumers to securely transfer funds.
TransferNow leverages automated identity authentication and funding account verification processes that satisfy all business, risk and compliance requirements to enable customers to safely transfer money between more than 15,000 banks, credit unions and brokerages via the ACH network.
Financial institutions that offer a consolidated set of frequently used money movement tools — bill payment, person-to-person payments and account-to-account transfers — become a destination hub from which consumers can move money any way they choose. TransferNow allows you to enhance your online financial offerings, generate revenue and strengthen customer relationships by offering consumers the flexibility to manage their money as they see fit and make account-to-account transfers conveniently.
- Easy and convenient transfer options: Offers multiple transfer options including one-time, recurring or future-dated transfers to meet each individual’s specific needs. Allows your customers to transfer funds to and from checking, savings and money market accounts from more than 15,000 financial institutions
- Multiple settlement options: Enables financial institutions to provide customers with next-day and three-day settlement, and the option of charging additional or higher fees for the expedited service
- Advanced segmentation: Enables financial institutions to configure transfer limits by customer segment
- Comprehensive risk management: Leverages Fiserv best-of-breed risk management tools and databases, delivering powerful risk management and transaction monitoring capabilities
- Optimized payments operations: Handles all aspects of ACH processing, including exceptions, resubmissions and inquiries; features five daily ACH submissions and the latest ACH deadline in the industry
- Flexible architecture: Enables seamless and tight integration with a financial institution’s existing processes and online banking environment