EP386: Spotlight - Nick Chandi - Revolutionizing Payments With Instant Services

“I have been a small business owner, and I know when you
are short of cash, that three or four days of time, if you could
get that money early, that could be a game-changing event for
your life.”
-Nick Chandi


The world is constantly changing, and the pace of that change has
never been quicker. Despite this, North America is lagging behind
Asia in its adoption of instantaneous payment technologies. We
may have digital transactions and payments that seem instant, but
even these rely on an old system of checks and balances within
our banks to resolve.


Nick Chandi, CEO and co-founder of Forwardly is this spotlight
session's special guest. He helped create the first real-time
payment solution for small businesses in the United States.
Creating a platform that can automatically reconcile transactions
for a more seamless and modern payment workflow. 


The old ways are comfortable, but we live in an on-demand
economy, we want faster and more convenient services. Services
that will become the norm in no time at all. While adapting to
change can be stressful, there are people like Nick who make it
their mission to make these changes as easy and comfortable as
possible.


If you aren’t sure which direction the future of payments will
take, or how it will apply to you, this is the episode for you to
hear how your bookkeeping business could change for the better.


During this interview, you'll learn...



The value & benefits of instant payments


How better access to cash flow is better for
business


The importance of keeping up with the times



To learn more about Nick, find him on LinkedIn
and Twitter.


Time Stamps


01:27 - Nick discusses his experiences founding Forwardly
02:35 - Revolutionizing transactions
05:33 - This bank is always open! 
08:16 - The value of access to better cashflow
12:28 - The benefits of instant payments 
21:38 - No risk, full rewards 
23:46 - The results so far 
26:07 - Features for the future


This episode is brought to you by our great friends
at Forwardly!


Join the first real-time payments solution for small
businesses in the United States. Start receiving funds three days
earlier than ACH and for up to 80% fewer fees than cards!
Visit Forwardly.com for more information!