NorthOne Offers Real-time Payments in Partnership with The Bancorp Bank

​NorthOne recently announced that they are 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 with 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.

NorthOne's Co-Founder and CEO, Eytan Bensoussan, said, "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 new announcement is just the beginning as NorthOne gears up for a massive year in 2023 on the heels of its $67 million raise. They are 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 integral part of that puzzle.