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TransferNow™ — Inter-institution Transfer
TransferNow enables financial institutions to offer secure inter-institution funds transfer services that extend their online offerings and generate new revenue streams. With TransferNow, your customers can transfer money between their accounts held at over 23,000 banks, credit unions and brokerages. TransferNow automates the authentication of the user and the external account, provides a comprehensive risk management system and moves the funds using ACH and other payment networks.
“Account to account transfers have great potential as the most natural outgrowth of P2P for larger banks.”
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