Skip to Content

Home/Financial Services/FedNow® Service/Innovator Exchange/Photon Commerce
Abstract connection background
Photon Commerce

Photon Commerce

Solution(s): Photon Commerce
Website(s): photoncommerce.com (Off-site)
Contact: Chris Robinson, fednow@photoncommerce.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

Photon Commerce offers AI-powered invoicing, data and instant payment APIs that help financial institutions and businesses adopt, scale and innovate on the FedNow Service.

  • Instant payments and FedNow Service rails: APIs for account-to-account, B2B and B2C instant payments that are interoperable between the FedNow Service and The Clearing House’s RTP® Network, helping institutions stand up real-time payment use cases faster.
  • ISO® 20022 data automation: AI that converts any invoice, remittance, statement or PDF into an ISO 20022-compliant message within seconds, simplifying FedNow integration and message standardization.
  • Invoice-to-payment straight-through processing: One-click invoice pay that turns any invoice into a FedNow Service or RTP instant payment or request for payment (RFP), enabling automated AP/AR and reducing fraud and manual reconciliation.
  • Embedded bill pay and disbursements: White-label APIs for real-time bill pay, supplier payments, gig and payroll disbursements, insurance payouts, and supply chain finance, allowing banks and fintechs to rapidly launch FedNow-enabled customer experiences.
  • Data enrichment and GL coding: Line-item/SKU-level enrichment and automatic GL coding of transactions to improve reconciliation, reporting and customer insights surrounding FedNow transactions.

Segment type(s)

  • End-User Service Provider

Solution type(s)

  • AP/AR/ERP and Treasury Management Systems
  • Other

Use cases/markets served

  • Bill Pay and Presentment
  • Construction
  • Digital Wallet Funding/Defunding
  • Insurance
  • Other
  • Transportation

FedNow functionality supported

  • Back Office/Treasury Management Services
  • Fraud Prevention/Monitoring Services
  • Other

Ability to integrate with outside core processing solutions

  • Yes, any (core agnostic)

Top of Page

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.