Consumers expect real-time access to their money. TransferNow: Instant Transfers delivers a competitive advantage to financial institutions. Leveraging NOW® Network for instant transfers, funds move between two accounts in real time. Consumers can also add their debit cards and transact instantly between their accounts and the external debit card through NOW Network.
TransferNow: Next-Day Good Funds eliminates the credit risk for the financial institutions by debiting the instant-enabled account in real time. The credit is sent next day via ACH.