Credit Transfer

A credit transfer or "push" payment is a transaction initiated by the sender of funds.

USER FLOW

1. Alice sends a request to Bank A “Pay Bank B $5 for the benefit of Bob”

2. Bank A verifies Alice’s identity and adequacy of Alice’s funds

3. Bank A notifies Bank B of the payment

4. Bank B verifies Bob has an account

5. Bank B sends confirmation to Bank A

6. Both banks send confirmation to their respective customers.

ACH credit transfers are initiated by the payer and include payments such as: direct deposits, payrolls, retail payments and vendor payments.