What is IRIS?

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Next Day Funding

Next Day Funding

Improve Your Company's Efficiency - Receive Funds in 12 Hours!

BAMS is now offering Next Day Funding to our merchants!

Merchants processing with BAMS receive "Next Day Funding" for all card types including: Visa, MasterCard, Discover and now American Express transactions. You no longer need to wait 3 to 5 business days to receive your funds. Receive your funds on the very next day with BAMS!




How Does Next Day Funding Work?

The BAMS settlement system is set to post batches received by 7pm (EST) the very next morning. The settled batches are expedited through the Federal Reserve System and funds are electronically transmitted via an ACH. The client's bank receives the ACH and posts the deposits on the next business day following the settlement.

For example - transactions processed on Monday and settled at 6:30pm EST will arrive at the client’s bank the next morning by 7am (EST). This process enables clients to improve cash flow and operate their business more efficiently. Please refer to the "Next Day Funding" chart above for the exact schedule of deposit clearing times.


Omaha Platform Funding Schedule

Day Batched Settlement Time Day Available to Merchant Funding Available  
Monday by 7:00 PM Tuesday 7:00 AM Next Day Funding
Tuesday by 7:00 PM Wednesday 7:00 AM
Wednesday by 7:00 PM Thursday 7:00 AM
Thursday by 7:00 PM Friday 7:00 AM
Friday by 7:00 PM Monday 7:00 AM
Saturday by 7:00 PM Monday 7:00 AM
Sunday by 7:00 PM Tuesday 7:00 AM
Note: Banks do not cycle on Saturdays and Holidays | All times above are in EST

Have more questions? Call our sales team at 866-510-2267