Rapid Transfer allows customers to pay merchants instantly using their online banking details, providing same-day settlements of funds.

Available to merchants globally allowing them to access the European market efficiently, the solution offers an alternative to card payments. Allowing merchants that use Rapid Transfer to benefit from increased conversions and remove the processing fees associated with card payments.

Nucleus365’s Rapid Transfer facility is supported by 95% of the banks within the supported European countries.

Founded in 2021, Nucleus365 offers a unified platform for payment processing, back-office treasury functions and reconciliation purposes covering banking and acquiring. Covering banking and acquiring, Nucleus365 is integrated with a wide range of banking providers and payment processors around the world.

Scott Major, Chief Commercial Officer at Nucleus365, said: “Many of our merchants have been asking for faster payment options for quicker settlements and to reduce card related fraud.

“Rapid Transfer eliminates those issues, to provide instant, secure, and a more automated way of accepting payments. Merchants who utilise Nucleus365 infrastructure will receive a centralised experience being able to settle directly into their Nucleus365 IBANs alongside real-time reconciliations.”