TransferNow: The Next Generation of Account-to-Account Transfers

TransferNow® from Fiserv is a convenient online account-to-account transfer platform that provides consumers an easy and secure way to transfer funds between accounts and financial institutions.

Financial institutions that offer a consolidated set of frequently used money movement tools — bill payment, person-to-person payments and account-to-account transfers — become a destination hub from which consumers can move money any way they choose.

According to a recent study, 19% of U.S. banking consumers who used online banking in the past 30 days, transferred money between accounts at different financial institutions

Source: Fiserv Expectations & Experiences: Consumer Payments, 2017

Account-to-account transfers are a key component of the online banking ecosystem

$125 billion

was moved by TransferNow from fiserv via account-to-account transfers in 2017

Source: Fiserv


Consumers want account-to-account transfers to be






Consumers are willing to go outside of their financial institutions for a better experience

30% of consumers who made account-to-account transfers in 2016 didn't go through their financial institutions

Source: P2P Market Sizing and Introduction of Real-Time Payments, Javelin, 2016




TransferNow, a risk-managed account-to-account (A2A) funds transfer solution, makes moving money between accounts easy and secure. TransferNow allows your consumers to transfer funds to and from checking, savings and money market accounts at nearly every U.S.-based financial institution.

Online transfers from financial institutions grew by 28% in 2016.

- Source: Javelin, 2017

Deliver a best-in-class experience with TransferNow®

A convenient, risk-managed solution for account-to-account transfers

TransferNow provides flexible transfer options

Known for pioneering online A2A transfers, TransferNow leverages in-session identity authentication and immediate account verification processes that satisfy business, risk and compliance requirements to enable customers to safely transfer money between U.S. based financial institutions.




And multiple settlement/delivery speed choices





Speed of delivery is critical for consumer satisfaction

Data gathered from Fiserv clients shows 30% of transfers are next-day

NOW® Network from fiserv enables instant transfers, which are


Delivered in seconds

Available 24/7, 365 days a year

NOW Network also makes TransferNow: Next-Day Good Funds possible, meaning you can offer next-day transfers that

Eliminate credit risk

Allow higher limits

Through real-time connectivity offered by the NOW® Network, accountholders can move money between two instant-enabled accounts at different financial institutions instantly. Instant Transfers offers immediate access to funds and virtually eliminates credit risk for financial institutions choosing to add this optional delivery speed.

TransferNow allows you to enhance your online financial offerings, generate revenue and strengthen customer relationships by offering consumers the flexibility to manage their money as they see fit and make account-to-account transfers conveniently.

In fact, risk management is at the heart of TransferNow

Real-time verification enables financial institutions to stop fraudulent transfers in real time, and that helps save money

7 out of the top 10 U.S. banks use TransferNow


Upgrade to an industry-leading solution with TransferNow.

Contact us today for more information