Instant Pay

FNBB’s Instant Pay service offers financial institutions Receive, Send, and Settlement capabilities based on their individual strategic goals. Instant Pay is a SaaS solution providing safe and efficient payment services 24 hours a day, 365 days of the year for any financial institution to connect to payment rails from The Clearing House RTP® and the FedNow® Service, supporting the ISO® 20022 standard format. Data security, transaction value limits and reporting help banks monitor fraud risks. With integration to the bank’s core, this modular end-to-end solution provides a direct connection to either network and the power to process Receive and Send transactions in seconds with immediate settlement to the customer’s account.

Serving as a funding agent, FNBB can facilitate the settlement of The Clearing House RTP and FedNow service. Settlement of all transaction types are posted through NetLink for secure and instant access to account information in a real-time environment. Liquidity management services help banks maintain available funds necessary to settle transactions 24/7/365.

Instant Pay Services Include: 

• Access to The Clearing House RTP® and FedNow® Services
• Account Activity dashboard
• Real-time core system integration
• Automated posting to customer’s account
• Access to transaction and accounting information
• Secure connection to NetLink
• Notifications and reporting
• Reconcilement reporting for weekday and weekend postings
• Enrollment as a Receive Only participant

Features and Benefits

• 24/7/365 access
• Facilitates settlement and liquidity management for a 7-day accounting cycle
• Minimized up-front costs
• Implementation assistance
• Ongoing support and education from your trusted partner
• Increase customer retention and strengthen relationships
• Manage all payment types through a single system
• Faster cash flow
• Improve customer experience

Instant Pay Use Cases