Global Treasury
Management

Instant Payments Simplified.SMFive considerations for enhancing business
transactions with convenience, speed,
and innovation
Instant payments offer numerous advantages, from enhancing back-officeefficiency to fostering innovative digital experiences for stakeholders.
Keep these key points in mind as you assess opportunities and progress.

Explore your options
Start by familiarizing yourself with the range of instant payments methods.
All offer fast settlement and convenient digital access, but there areimportant differences. The more you learn about the rails, requirements,
and transaction limits of each, the better equipped you’ll be to add themethod(s) that meet your specific business needs.

RTP®

FedNowZelle1

Push to card

NetworkClearing House

Federal Reserve

Early Warning

Visa/MasterCard

Transaction limit$1,000,000$500,000$50,000$10,000 up to $50,000

Payee info
required

DDA and bankrouting numbers

DDA and bankrouting numbers

Email or mobile
phone number

Debit card number

Set your goals

How can instant
payments help you?

Next, get specific about how you’ll transform yourbusiness with instant payments. Consider accelerating
the transactions you already complete, such as accounts
payable, accounts receivable, and inter-company funds
movement. Then, look for new opportunities to simplify
workflows and power new revenue streams.
Flexibility is one of the hallmarks of instant payments:
you can embed transactions in your SaaS products, yourwebsite, your apps, or your internal systems. Ask your bankor payment provider for examples—you may be surprised atsome of the ways companies are differentiating themselveswith seamless, 24 x 7 x 365 transactions.

Achieve 24 x 7 x 365
movement of fundswith instant payments
Use system-to-system
connectivity
Your company

Improve your cash flow
and liquidity
Strengthen yoursupplier relationships
Delight your customers
Reduce back office friction
Transform your businessConnect your systems
Sending and receiving instant payments means moving beyond daily batch
files to “always on” connectivity with your bank or payments provider. APIs
offer this functionality and can eliminate costly, time-consuming custom
development for your IT team. Intelligent routing capabilities have evenmore potential for ease and convenience. Aim for technology that can get
you up-and-running quickly (in days, not months) and that can flex as yourneeds and transaction volumes grow.

Your supplier or customer

Update your processes
Most instant payments settle in seconds, with irrevocable
finality; they may also operate outside traditional businesshours, thanks to 24 x 7 x 365 availability. As you adopt
instant payments, review your internal controls andprocesses so they support these new timeframes andmitigate your risks. If you’ll be receiving instant payments,
consider how you’ll apply cash and handle customer service
on nights, weekends, or holidays.

Protect your instant
payments
Set clear guide-lines for use
Institute dual controls
Plan for 24 x 7 transactions
Reconcile accounts daily
Train staff frequently

Launch and scale
However you deploy instant payments, make sure you’re working withresources who can bring your ideas to life swiftly and easily—after all,these transaction methods are all about reducing complexity. Look forinteroperable technology, providers with nationwide reach, and systems
that can scale. Consider starting with a pilot project so you can launch
quickly, demonstrate results, then expand.

Growth andexpansionResults andlearning

Pilot projectInteroperable
technology

Strongresources

National
reach

1. For your protection, Zelle should only be used for sending money to customers and vendors you know and trust. Zelle® and the Zelle related marks are wholly owned by Early Warning Services,
LLC and are used herein under license.
RTP is a registered service mark of the Clearing House Payments Company L.L.C.
© 2024 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.
TM-3295
RO-3433673