TransferNow® Loan Payments
Offer instant, next-day ACH and three-day ACH loan payments as convenient account-to-account transfers.
TransferNow from Fiserv helps financial institutions enable flexible funds transfer to and from accounts at different financial institutions. In this brochure, learn how TransferNow and TransferNow Small Business Advantage users can also make payments to loan accounts connected to their host accounts – not external loan accounts. These transfers include instant loan payments supported through the Fiserv NOW Network and available for TransferNow Instant clients.
The solution provides access to the Daily Loan Payment Report in Compass. The report contains transaction details such as:
- Transaction Date
- Amount
- ACH or Instant Payment Speed
- Debit and Credit Trace Number
- To and From Account Details
Using this information, financial institutions can review loan payment history to analyze trends and search for specific transaction details.
TransferNow from Fiserv helps financial institutions enable flexible funds transfer to and from accounts at different financial institutions.