Logo
  • Cases & Projects
  • Developers
  • Contact
Sign InSign Up

© Copyright 2025 Many.Dev. All Rights Reserved.

Product
  • Cases & Projects
  • Developers
About
  • Contact
Legal
  • Terms of Service
  • Privacy Policy
  • Cookie Policy
Develop Real-time P2P Instant Payment Feature for Existing Financial Application
  1. case
  2. Develop Real-time P2P Instant Payment Feature for Existing Financial Application

This Case Shows Specific Expertise. Find the Companies with the Skills Your Project Demands!

You're viewing one of tens of thousands of real cases compiled on Many.dev. Each case demonstrates specific, tangible expertise.

But how do you find the company that possesses the exact skills and experience needed for your project? Forget generic filters!

Our unique AI system allows you to describe your project in your own words and instantly get a list of companies that have already successfully applied that precise expertise in similar projects.

Create a free account to unlock powerful AI-powered search and connect with companies whose expertise directly matches your project's requirements.

Develop Real-time P2P Instant Payment Feature for Existing Financial Application

clockwork.com
Financial services

Challenges with Legacy Payment System

ExcheQ's existing ACH payment application, which processes transactions on a next-business-day basis, lacks the speed and convenience demanded by modern users. The company seeks to overcome this limitation by implementing a real-time P2P instant payment feature to enhance user experience, increase market share, and remain competitive.

About the Client

ExcheQ is a payment application aiming to revolutionize person-to-person transactions by offering instant, real-time payments, leveraging FedNow® and the RTP® network.

Project Goals

  • Implement a real-time P2P instant payment feature.
  • Integrate with FedNow® and the RTP® network.
  • Provide a secure and reliable payment platform.
  • Improve user experience and drive app adoption.
  • Become a first-mover in the instant payment space.

System Functionality

  • Real-time money transfers
  • Integration with FedNow® and RTP® networks
  • Secure authentication and authorization
  • Transaction history and reporting
  • User-friendly interface for initiating and managing payments
  • Automated transaction processing

Technology Preferences

FedNow®
RTP®
API integration
Automated testing frameworks
Secure coding practices

External System Integrations

  • Open Payment Network (OPN)
  • FedNow® network
  • RTP® network

Non-Functional Requirements

  • High availability
  • Scalability to handle a large volume of transactions
  • Robust security measures to protect user data
  • Real-time performance
  • Automated testing and deployment pipelines

Expected Business Impact

Successful implementation will result in significantly faster transaction times, improved user satisfaction, increased market share, and establishes ExcheQ as a leader in instant payment solutions. It will also enhance the app's security posture and operational efficiency through automated processes.

More from this Company

Modernization of Yearbook Builder Platform for Enhanced User Experience
Development of Cross-Platform Mobile Health Benefits Management Application with Integrated Marketplace
Strategic Lead Generation Platform Development
Rapid Development of LGBTQ+ Family Support Resource Tool with Branding and Scalable Infrastructure
Drupal 8 Migration and Accessible Website Redesign for Educational Institution