What are Good Funds
Let's start with our product definition...
Our "Good Funds" payment gateway allows for real-time payment, immediate, irrevocable, interbank account-to-account
transfer that utilizes a real-time messaging system connected to every end-user
through your financial institution. Funds are
available for use by the receiver and real-time confirmation is provided to both to you ("the
sender") and receiver in seconds.
We work with All Banks & Credit Unions
GoodFundsGateway's inter-bank digital payment transfer system works with all Banks and Credit Unions that are participants in the US Federal Reserve System.
Keep your current Banking Relationships!
Security of Data & Funds
Your money and data are serious business. Our white glove approach ensures your data is highly protected and available online real-time.
Includes QuickBooks® and other accounting and escrow, title closing software integrations
How "Good Funds Gateway" Works
Owners and/or authorized persons will be properly identified to mitigate risk and loss. We provide real-time authentication that helps identify whether the checking/savings account that is being used to facilitate a payment does in fact belong to that individual or business.
Authorization includes both the initiation of payment instructions by the sender, and
the real-time acceptance by the sending and receiving financial institutions of the payment request via a real-time messaging.
Providing a real time verification of what the current balance in checking/savings account of the individual or business and the current account status.
Immediate Posting (recordation / reporting) by both the sending and receiving financial institution.
Your transaction(s) will receive Real-time gross settlement (where each transaction is settled
individually in real time).
Real-time messages to all the parties involved throughout all levels of the transaction(s), including Authentication, Authorization, Verification, etc.