The Road to FedNow® Instant Payments
Mile Marker 1
The Federal Reserve’s FedNow Service has arrived! This instant payment solution is set to monumentally shift how businesses and consumers send, receive and manage their money. While this evolution is exciting, we understand it may also be intimidating. Alloya’s real-time product suite and expertise have you covered! So, we’re here to say, don’t wait! There’s no need to stand by reluctantly and let other financial institutions get ahead. Now is the time to start your engine – and Alloya is your on-ramp!
Everything You Need, You’ll Find at Alloya
Remember, Alloya recommends Real-Time Payment Processing (Receive Only) along with Real-Time Settlement as your starting point. When you’re ready, Alloya will be equipped to serve as your full-service provider of real-time payment solutions, for the FedNow Service as well as The Clearing House’s RTP® network. Everything you need, you’ll find at Alloya.
Alloya is equipped to be your full-service provider for real-time payments!
This solution is ideal for credit unions that don’t have a master account at the Fed, or that wish to offload liquidity management to Alloya as their trusted partner, even if payment processing is enabled with another service provider.
Real-Time Payment Processing
This solution makes it possible for your members to receive instant payments directly into their accounts at your credit union. Enabling your members to receive instant payments into their accounts is a great low-risk way to get started with instant payments.
Start Your Engine!
Interested in learning more? Or itching to be the first in line for the debut of these solutions? Fill out this form and we’ll be in touch.