NOW® is a Network for our World. It's an intelligent money movement network that connects financial institutions, billers, small businesses and consumers. It’s designed to speed the movement and management of money for a need-it-now world.
The NOW Network enables the secure exchange of money and information in real time and is an integral part of delivering a profoundly simple payment experience.
We've combined three proven capabilities – bill payment (CheckFree® RXP®), person-to-person payments (Popmoney®) and account-to-account transfers (TransferNow®) – and powered them with the NOW Network's intelligent money movement to create a simple and integrated experience. Those solutions will operate on a single platform and deliver a significantly improved user payment experience that delivers speed, ease and convenience.
The NOW Network also acts as a gateway to card-based networks such as Visa®, MasterCard®, STAR®, Pulse® and Accel®, as well as noncard networks, such as Early Warning Systems, enabling real-time payment connections. Integration to the NOW Network is possible through PEP+®, additional direct-to-core options and multiple partner networks.
- Provides the intelligence behind payment applications
- Enables faster, more secure payments
- Eliminates the need for paper checks
- Helps financial institutions and billers increase digital engagement with their consumers
- Real-time payments to more than 80 percent of all demand-deposit accounts in the U.S. gives consumers immediate access to funds
- Good funds network is capable of eliminating credit risk on account-to-account transfers
- Timely and relevant alerts for financial institutions and billers drive better customer relationships
- Integrated directory for consumers increases electronic engagement
- Enhanced fraud and risk management maximizes fraud detection and prevention by leveraging a broader range of payment transactions