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Home News Archive Falcon FastPay: A Product Built for Today’s Speeds
July 25, 2017

Falcon FastPay: A Product Built for Today’s Speeds

This month, Falcon International Bank is excited to introduce Falcon FastPay, an innovative solution that transfers money from person to person (P2P) in near real time.


Here’s how it works: Imagine you want to reimburse a friend for dinner on Friday night, or send funds to a child away at college. To access Falcon FastPay, just log in to Falcon’s online banking system on your mobile device or computer, and select Fast P2P under the Transfers tab. You can send money to anyone with a debit card and U.S. bank account using their phone number or email address. Every transaction is securely authorized before execution, and no registration is required. The recipient will simply receive a link via text or email to accept the funds; once they do, the transaction will be complete.


Because Falcon FastPay uses debit cards to transfer money, the transaction occurs almost instantly. Even popular mobile payment services such as Venmo, which is owned by PayPal, take several days to transfer funds from the digital wallet into your bank account.


“Our customers are looking for solutions that are fast, secure, and keep up with the pace of everyday life,” says Gilbert Narvaez, Jr., president and CEO. “We’re pleased to say that Falcon FastPay does just that.”


Committed to providing customers with the latest technology to streamline their banking experience, Falcon is proud to be the only bank in Laredo offering this service.