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January 10 2023

NorthOne joins The Clearing House’s Real-Time Payment Network

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NorthOne is excited to announce that it is partnering with The Bancorp Bank, N.A. to join The Clearing House’s Real-Time Payment network. 

This partnership will allow NorthOne to help businesses receive payments instantly, 24/7, which will give their customers a competitive advantage. 

In the future, they will also be able to offer the ability for customers to send Real-Time Payments.

Who this Benefits

For small business owners, cash flow and liquidity are paramount. By removing payment waiting times, NorthOne is able to free up a frustrating technical bottleneck for their customers, making it easier for them to operate their business efficiently.

The launch of Real-Time Payments will directly benefit the businesses that NorthOne serves, as it will make it faster for them to get paid. 

This is especially important as 61% of small businesses struggle with poor cash flow management.

This exciting update is just the beginning for NorthOne, as they gear up for a big year in 2023 following their $67 million dollar raise. 

The firm is additionally also building a financial platform that acts as the sophisticated finance department small businesses could only dream of, and the launch of Real-Time Payments is an important part of that vision.

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