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NatPay Now

National Payment Corp

Solution(s): NatPayNOW
Website(s): natpay.com/products/natpaynow (Off-site)
Contact: Joseph Migneco, joe.migneco@nationalpayment.com

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

NatPayNOW is a fully secure, real-time payment solution that leverages the FedNow Service and The Clearing House’s RTP® Network to move money in seconds. Built for payroll processors, accounting software vendors and employers, it supports instant wage disbursement, vendor payments and reimbursements — all while continuing to use your standard Nacha® file format.

Why it matters:

  • Meet employee and vendor expectations for real-time payments
  • Improve cash flow and cash management with faster settlement cycles
  • Reduce reliance on outdated pay cycles and paper checks
  • Compete with other national providers
  • Boost hiring, retention and vendor satisfaction

Segment type(s)

  • Financial Institution Service Provider

Solution type(s)

  • AP/AR/ERP and Treasury Management Systems
  • Pay by Bank
  • Payment Service Providers
  • Payments Hubs/Platforms/Payment Gateways

Use cases/markets served

  • Bill Pay and Presentment
  • Brokerage
  • Construction
  • Government (e.g., municipality, state, federal)
  • Health Care
  • Insurance
  • Merchant
  • P2P Payments
  • Payroll
  • Real Estate (e.g., escrow, property management)
  • Transportation

FedNow functionality supported

  • Back Office/Treasury Management Services
  • Correspondent Settlement Services
  • Fraud Prevention/Monitoring Services
  • RFP Transactions – Businesses Sending
  • Sending FedNow Transactions – Business Accounts

Ability to integrate with outside core processing solutions

  • Yes, some

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.