FedNow Instant Payments Service

Powered By: Tyfone

Embrace the power of the FedNow Instant Payments Service and enable your account holders to receive and initiate instant payments and move money in real-time, ensuring swift access to funds for immediate use.

A Transformative Step in Payments Infrastructure

FedNow represents a significant leap in the Federal Reserve’s payments services, comparable in impact to the automated clearing house system’s introduction in the 1970s. This advancement eliminates the time constraints for payments and opens up opportunities for community financial institutions to provide faster payments.

Real-time Money Movement

Send and receive transactions take seconds to settle and are instantly reconciled.

Push
Payments

Payer initiated payments sent with no sensitive information disclosed.

A Variety of Use Cases

Move money in real-time for A2A, P2P, C2B, B2B, B2C, B2G, C2G, and G2C payments.

Tyfone’s FedNow Instant Payment Exchange

Harness the true power of FedNow to seamlessly Send & Receive funds. Whether you’re looking to start with Receive only or aiming for a comprehensive Send and Receive solution, tyfone offers an incredible, cost-effective implementation that will work with any core or digital banking provider.

Connect To Any Core

With more than a dozen real-time integrations to the most popular core systems, tyfone’s Instant Payment Exchange is adaptable to any core.

Open API Gateway

Enable your partners’ and customers’ digital systems to easily connect to tyfone through a robust suite of Open Banking API’s.

Built-in Native Fraud & Security Controls

Fight fraud with robust native fraud mitigation capabilities including OFAC/AML checks, step-up authentication, and velocity and amount controls.

External Fraud System Connections

Connect tyfone’s Instant Payment Exchange to your preferred third party fraud tool for real-time fraud scoring.

Bridging Transactions Seamlessly

Tyfone’s Instant Payment Exchange securely links digital banking, bill payment processors, fintechs, and e-commerce apps via a unified API gateway, supporting diverse money movement methods including FedNow and RTP.