Early Warning has selected the Authentic software solution from NCR to build a bank-to-bank good funds network supporting faster availability of funds.
Authentic enables payment authorization and transaction routing. Major banks, processors and merchant acquirers around the world rely on Authentic’s unparalleled flexibility to support any transaction type from any device, source or system. Authentic will be integrated with Early Warning’s core payments products and services.
Early Warning’s good funds network will facilitate communication among financial institutions, giving a participating depositing bank a real-time guarantee for check and ACH transactions and will support both credit push and debit models. As a result, customers will receive faster availability of funds on deposited items and instant notification of items presented for deposit – all based on real-time activity.
Early Warning’s enhanced service will improve both the depositing and paying financial institutions’ ability to meet customer demands for funds availability across all channels. It will also satisfy heightened regulatory expectations to accelerate the availability of information related to items presented for a safer, faster financial system.
Owned and governed by five of U.S.’ largest banks, Early Warning’s unique business model facilitates a data exchange system based on collaborative, shared intelligence.
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Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).