ICBA Bancard, Finzly to offer instant payments

Monday 12 July 2021 14:09 CET | News

Fintech Finzly has partnered with ICBA Bancard to facilitate instant payments via Finzly’s Payment Galaxy, according to the official press release.

Finzly is a fintech provider of modern banking applications for payments, foreign exchange, trade finance, and digital account opening, while ICBA Bancard is the payments services subsidiary of The Independent Community Bankers of America (ICBA).

Payment Galaxy is a payment hub for improved convenience, cash flow, and efficiency for community banks and their customers. Payment Galaxy enables the provision of existing payment services like ACH and wires, alongside the new instant payment rails, including The Clearinghouse’s RTP and when available, FedNow, using a single, core-agnostic, interface.

Finzly's instant payment solution makes instant payments less complex and can be up and running in as little as three months. The payments hub features:

  • Preloaded connections to the Fed and The Clearing House for instant payments;
  • Built-in compliance features, audit trails, and dashboards;
  • Bulk payment service to pay in real time or future date scheduling;
  • A secure system for payments and messages for fraud management.

More: Link

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Keywords: partnership, fintech, instant payments, ACH
Categories: Banking & Fintech | Online Payments
Countries: United States
This article is part of category

Banking & Fintech