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
