Funds Now From PayPal

PayPal’s Funds Now is the 2019 recipient of Aite Group’s Impact Innovation Award in Digital Wallets for Merchant Experience.

Boston, October 22, 2019 –Small businesses live or die on cash flow—from sales to cover expenses to capital to invest and grow. When purchases are made through a payment card via a traditional payment processor, there can be a delay in the receipt of payment from the merchant’s payment processor, and this delay of receipt is a real problem. By immediately crediting the merchant’s account for sales made through the PayPal platform, Funds Now from PayPal addresses that critical challenge.

Aite Group’s Impact Innovation Awards are designed to recognize and celebrate innovation achieved by organizations that leverage technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, and/or levels of automation and effectiveness that are bringing our industry one step closer to the next generation of financial services offerings. Other reports in this series feature Aite Group’s Impact Innovation Award in Digital Wallets for customer experiencemarket adoption, product design, and value-added services.

Clients of Aite Group’s Retail Banking & Payments service can download this eight-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

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