Top 25 Bank Eliminates Credit Risk, Reduces Outbound Returns and Boosts Customer Satisfaction

A successful deployment of TransferNow®: Next-Day Good Funds from Fiserv provided one of the largest financial institutions in the U.S. the opportunity to eliminate credit risk and significantly reduce outbound returns.

TransferNow: Next-Day Good Funds enables a faster transfer – one day, instead of the standard three days it takes for an ACH transfer. But the bank experienced benefits far beyond a better customer experience.

It can comfortably offer next-day funds to its customers and even offer higher limits on next-day transfers without concern for credit loss. In fact, the bank eliminated NSF losses.

  • Country
  • United States
  • Solution
  • Electronic Billing & Payment Solutions, Payments
  • Industry
  • Banks, Credit Unions
  • Published
  • January 2018