Feedback on Instant Credits | Real-Time Payments | FedNow - Deliver Funds 24/7/365
Need a Funder or Vendor? START HERE

Results 1 to 7 of 7
  1. #1

    Feedback on Instant Credits | Real-Time Payments | FedNow - Deliver Funds 24/7/365

    Do you see value in having the ability to deliver funds instantly 24/7/365?

    If yes, in what aspects of your operations do you see the value?

    If no, please explain?

    Thank you for your feedback.
    Regards,
    Vinny Lipari, MBA
    President | Co-Founder

    Actum Processing
    Toll Free: (800) 975-5640 ext. 1401
    Email: vinny@actumprocessing.com
    Website: www.actumprocessing.com

  2. #2
    Senior Member Reputation points: 95004
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    3,216

    Will RTP be approved for the MCA Industry?

    The concept is great - but - RTP is a customer push transaction, correct?
    Dave Lambert, Business Development
    Managed Services Provider
    https://www.tsys.com
    https://www.united-internet.com
    https://www.nmi.com
    dave@fcbankcard.com
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
    It would depend on the appetite of the banking partner connected to the processor. We've had RTP available to lenders/funders (MCA included) for over a year.

    Yes, RTP is a push payment. The only requirement is the receivers bank has to participate in the RTP Network.
    Regards,
    Vinny Lipari, MBA
    President | Co-Founder

    Actum Processing
    Toll Free: (800) 975-5640 ext. 1401
    Email: vinny@actumprocessing.com
    Website: www.actumprocessing.com

  4. #4
    Senior Member Reputation points: 95004
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    3,216

    My thought was, how many customers (merchants that are funded) would utilize RPT,
    for fees as an example. A funder/lender could not use RPT to debit funds.

    How does Actum fit into the process for any company that wants to accept payments from a customer?
    Dave Lambert, Business Development
    Managed Services Provider
    https://www.tsys.com
    https://www.united-internet.com
    https://www.nmi.com
    dave@fcbankcard.com
    Office: 727-233-1111
    Skype: fc-financial

  5. #5
    It wouldn't work for merchants making payments, it's strictly a push payment.

    RTP is being used primary for funding the advances to the merchant. Since the network is always open, it gives them an advantage over others that fund solely via wire. RTP gives them the ability to fund after wire cutoff times with their bank, over the weekend, on holidays, etc.. Cost is a mere $1.50 per, which makes it even more attractive.

    Actum's primary role in the Industy is as an ACH processor. Our clients have the ability to collect borrower repayments via ACH / Same Day ACH and to deliver funds, whether that be commissions, syndicate contributions or funding via ACH credit, Same Day ACH Credit, RTP and FedNow (coming soon).
    Regards,
    Vinny Lipari, MBA
    President | Co-Founder

    Actum Processing
    Toll Free: (800) 975-5640 ext. 1401
    Email: vinny@actumprocessing.com
    Website: www.actumprocessing.com

  6. #6
    Senior Member Reputation points: 95004
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    3,216

    Understand, Thank you for the clarification.
    Dave Lambert, Business Development
    Managed Services Provider
    https://www.tsys.com
    https://www.united-internet.com
    https://www.nmi.com
    dave@fcbankcard.com
    Office: 727-233-1111
    Skype: fc-financial

  7. #7
    Quote Originally Posted by Yankeeman07 View Post
    Understand, Thank you for the clarification.
    My pleasure. Have a great day!
    Regards,
    Vinny Lipari, MBA
    President | Co-Founder

    Actum Processing
    Toll Free: (800) 975-5640 ext. 1401
    Email: vinny@actumprocessing.com
    Website: www.actumprocessing.com

Similar Threads

  1. Instant Disbursement of Funds
    By Yankeeman07 in forum Financial Services
    Replies: 7
    Last Post: 11-08-2021, 09:58 AM
  2. Instant Transfer of Funds
    By Yankeeman07 in forum Promotions
    Replies: 0
    Last Post: 08-11-2021, 08:26 PM
  3. Instant Disbursement of Funds
    By Yankeeman07 in forum Everything else
    Replies: 0
    Last Post: 04-22-2021, 04:41 PM
  4. Real Time Payments
    By jacasa in forum Payment Processing
    Replies: 5
    Last Post: 02-08-2021, 04:47 PM
  5. Replies: 1
    Last Post: 03-20-2018, 01:10 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Dave Lafferty new CCO at BriteCap
Lender Link partners w/ Loanspark
Fora secures $200M credit facility


DIRECTORY