NorthOne is excited to announce that it is partnering with The Bancorp Bank, N.A. to join The Clearing House’s Real-Time Payment network.
This partnership will allow NorthOne to help businesses receive payments instantly, 24/7, which will give their customers a competitive advantage.
In the future, they will also be able to offer the ability for customers to send Real-Time Payments.
Who this Benefits
For small business owners, cash flow and liquidity are paramount. By removing payment waiting times, NorthOne is able to free up a frustrating technical bottleneck for their customers, making it easier for them to operate their business efficiently.
The launch of Real-Time Payments will directly benefit the businesses that NorthOne serves, as it will make it faster for them to get paid.
This is especially important as 61% of small businesses struggle with poor cash flow management.
This exciting update is just the beginning for NorthOne, as they gear up for a big year in 2023 following their $67 million dollar raise.
The firm is additionally also building a financial platform that acts as the sophisticated finance department small businesses could only dream of, and the launch of Real-Time Payments is an important part of that vision.
