US Bank Wire Payment Processing

  • Post comments:0 Comments recently completed a Corporate RISK and Compliance review with US Bank the fifth largest financial institution in America. US Bank joins 5/3 Bank as our two Wire Payment Processing Partners.

Upon completing our API Integration with US Bank then will be able to offer two new payment technologies to our customers. These two Good Fund Payments are; Real Time Payments and FEDNOW. Both Real Time Payments and FEDNOW are “Good Funds Payments like Wires” but they can settle in a bank account 24/7 unlike a wire transaction. Real Time Payments and FEDNOW are part of the US Government’s effort to connect the US Economy to the Global Economy. We estimate that we can begin offering Real Time Payments/FEDNOW starting in the 4th Quarter of 2024.

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