VSoft partners with Pidgin

According to Pidgin’s representatives, the API architecture facilitates the integration of their faster payment platform with financial institutions' preferred technology providers. By combining Pidgin’s instant payments platform with VSoft’s core and digital banking solutions, the companies aim to support a growing number of financial institutions as they get introduced to faster payments.

VSoft provides platform-based services for the banking and financial services industry, aiming to reduce costs and maximise efficiency while offering seamless transactions across multiple channels. Their platform can be delivered in-house, or as an outsourced ASP or SaaS model, depending on the needs of financial institutions.

Wings is VSoft’s comprehensive core processing solution, supporting real-time, high-volume, and high-performance transactions throughout multiple channels, with the aim to offer a more consistent and reliable digital banking experience for account holders. Through the integration, Wings can enable real-time transaction processing through multiple payment rails, including the Federal Reserve’s FedNow Service and The Clearing House’s Real-Time Payments Network.

Along with Wings, VSoft’s digital banking platform Arya allows financial institutions to provide a consistent and frictionless user experience that includes online banking, mobile banking, and mobile deposit into a code-based application for both retail and business account holders. By integrating Pidgin, financial institutions operating with Arya can deliver instant payment options via online and mobile banking channels to their clients for a variety of use cases. 

Pidgin’s faster payments ecosystem enables financial institutions, business owners, and individuals to process transactions more efficiently and with lower fees. Moreover, faster payments can be sent or received almost instantly, in a more secure way, as money is kept within the financial institutions, as opposed to a holding account owned by a third-party provider.

Back in April 2023, Pidgin partnered with U.S. Century Bank to provide the latter’s customer base with real-time payments. Through the collaboration, the bank’s objective is to be enabled to support expedited payments across various use cases.

Moreover, in November 2022, the company associated with OSSNA to support financial institutions with the integration of digital solutions that enable banks and credit unions to deliver faster payments.

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