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NorthOne Becomes One of the First Fintechs to Introduce Real-Time Payments
NorthOne is proud to announce they’re breaking new ground in the Fintech space by joining The Clearing House’s Real-Time Payments network in partnership with The Bancorp Bank, N.A. With The Clearing House’s innovative Real-Time Payment network, NorthOne will help businesses receive payments instantly 24 hours a day, 365 days a year, and serves as a platform for innovation allowing NorthOne to deliver new products and services to customers.
This update provides NorthOne customers with a competitive advantage to receive payments instantly. Future updates will soon provide customers the ability to send Real-Time Payments.
With 61% of small businesses struggling due to poor cash flow management, the launch of Real-Time Payments will directly remove a major barrier to success for the businesses NorthOne serves by making it faster for them to get paid.
Here’s what NorthOne’s co-founder and CEO Eytan Bensoussan had to say about the launch – “This is a huge milestone not just for our team but for the Fintech Industry as a whole. Most importantly, this update is going to make a huge difference for our customers. For small business owners, cash flow and liquidity are paramount. By removing payment waiting times, we’re able to free up a frustrating technical bottleneck for our customers, making it easier for them to operate their business efficiently.”
This exciting new announcement is just the beginning as NorthOne gears up for a huge year in 2023 on the heels of their $67 million dollar raise. They’re building a financial platform that acts as the sophisticated finance department small businesses could once only dream of. The launch of Real-Time Payments is an important part of that puzzle.
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