TransferNow Instant Account Verification
A large financial institution grows its transaction volume by 11% in one month through instant account verification.
Prior to implementing TransferNow® from Fiserv, our real-time account verification solution, this top 30 financial institution saw flat A2A transaction volume growth.
As you’ll read in this case study, after implementing TransferNow the institution saw immediate positive results in two key metrics:
- 11% growth over previous month in successful account verification
- 21% growth over previous month in A2A transaction volume
Creating faster payments experiences is a major priority for our institution. Consumers want to verify their accounts faster, and they definitely do not want to take two or three business days.