[ACH_Processor]

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.

[Yankeeman07]

Will RTP be approved for the MCA Industry?

The concept is great - but - RTP is a customer push transaction, correct?

[ACH_Processor]

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.

[Yankeeman07]

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?

[ACH_Processor]

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).

[Yankeeman07]

Understand, Thank you for the clarification.

[ACH_Processor]

Understand, Thank you for the clarification.

My pleasure. Have a great day!