PNC Treasury Management said it has launched an intelligent payment routing service that allows or individual customers to determine the specific payment type they prefer to use.
The payment can be routed based on a number of factors, including cost, speed other factors. Users can choose to send via real-time payments, same-day ACH or next-day ACH. By the first quarter an optional wire transfer will be available.
"Our clients have enough to focus their energies on without needing to also be experts when it comes to payments," Chris Ward, executive vice president and head of product and operations at PNC Treasury Management, said in a press release. "As a leader within the space, we have the expertise and solutions in place to determine the best method of executing a payment with robust reporting capabilities that of mind."