Same-Day ACH enables businesses to pull funds and receive payment same-day

NEW YORK: FlexPoint, a leading provider of automated billing and payment solutions for managed service providers (MSPs) and the businesses they serve, is excited to announce the launch of AI-Powered Same-Day ACH payments, which enables businesses to accelerate traditional ACH payments and receive funds same-day.

“Up until now, same-day ACH has been exclusive to mostly large enterprises pushing payments,” said Victor Lopez, Founder & CEO at FlexPoint. “We’re thrilled to bring faster payments to the other 99% of businesses in the United States.”

Leveraging a proprietary AI-driven risk model and the recent launch of the Federal Reserve’s FedNow payments infrastructure, FlexPoint can accurately underwrite and mitigate payment risk to offer same-day pull payments to businesses that would otherwise only have access to traditional ACH transfers, which can take up to 5 business days to process.

Traditionally, Same-Day ACH is only available for pushing payments and accounts payable. With FlexPoint, businesses can now effectively manage their accounts receivable by pulling payments and receiving funds same-day.

“A big frustration with our previous platform was how long it took for payments to process,” said Dustin Bolander, Founder and Managing Partner at Austin, TX based Clear Guidance Partners, a FlexPoint customer. “FlexPoint not only clears payments rapidly, the sync features also save our accounting team a ton of time.”

FlexPoint’s introduction of Same-Day ACH marks the latest in a series of innovative products launched this year, fueling a 10x growth in payment volume in 2024.

For more information about FlexPoint’s features and benefits, visit www.getflexpoint.com.

About FlexPoint: Founded in 2022, FlexPoint is a payments platform purpose built for managed service providers (MSPs) and the businesses they serve. Through robust automations and deep integrations, FlexPoint makes payments simple and cash flow perfect for MSPs and their business clients.

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Fonte: Business Wire