Fedwire | Jotup

Finastra boosts its payments processing strategy with Fed certification for ISO 20022

Retrieved on:

Lundi, mai 13, 2024

Fedwire, Federal Reserve, EVP, Certification, ISO

LAKE MARY, Fla., May 13, 2024 /PRNewswire/ --

Key Points:

The certification, which enables and supports compliance to ISO 20022 messaging standards for Fedwire, applies to four of Finastra's payment processing solutions, facilitating increased innovation for financial institutions across the United States.
By certifying Payments To Go, Global PAYplus, PAYplus USA, and PAYplus Connect, Finastra offers multiple solutions for financial institutions large and small to meet the standards for FedWire.
To comply with ISO 20022 compliance standards, financial institutions must complete their own testing before the end of 2024, underscoring the importance of selecting a payment processor with the needed technology.
Adoption of ISO 20022 will align the Fedwire Funds Service message format with a global standard that improves payment processing efficiency.

Finastra boosts its payments processing strategy with Fed certification for ISO 20022

Retrieved on:

Lundi, mai 13, 2024

Fedwire, Federal Reserve, EVP, Certification, ISO

LAKE MARY, Fla., May 13, 2024 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces, today announced it has completed testing and certification through the Federal Reserve for ISO 20022, becoming one of the first vendors in the industry to complete the process for multiple solutions. The certification, which enables and supports compliance to ISO 20022 messaging standards for Fedwire, applies to four of Finastra's payment processing solutions, facilitating increased innovation for financial institutions across the United States.

Key Points:

The certification, which enables and supports compliance to ISO 20022 messaging standards for Fedwire, applies to four of Finastra's payment processing solutions, facilitating increased innovation for financial institutions across the United States.
By certifying Payments To Go, Global PAYplus, PAYplus USA, and PAYplus Connect, Finastra offers multiple solutions for financial institutions large and small to meet the standards for FedWire.
To comply with ISO 20022 compliance standards, financial institutions must complete their own testing before the end of 2024, underscoring the importance of selecting a payment processor with the needed technology.
Adoption of ISO 20022 will align the Fedwire Funds Service message format with a global standard that improves payment processing efficiency.

Volante Technologies secures Fedwire® Funds Service ISO® 20022 certification

Retrieved on:

Mardi, mai 7, 2024

USD, Volante, Language, Federal Reserve, Investment, Certification, EVP, ISO, Fedwire, Cryptocurrency

NEW YORK, May 7, 2024 /PRNewswire/ -- Volante Technologies, the global leader in payments as a service, today announced its achievement of Fedwire® Funds Service certification for the ISO 20022 messaging capabilities of its wire payment processing solutions. This certification provides Volante customers a streamlined fourteen-week pathway to ISO 20022 compliance for their wire payments operations. It also allows banks to expand their modernization journey by adding additional rails from a single platform when the opportunity arises.

Key Points:

NEW YORK, May 7, 2024 /PRNewswire/ -- Volante Technologies , the global leader in payments as a service, today announced its achievement of Fedwire® Funds Service certification for the ISO 20022 messaging capabilities of its wire payment processing solutions.
This certification provides Volante customers a streamlined fourteen-week pathway to ISO 20022 compliance for their wire payments operations.
Deepak Gupta, EVP of Demand Fulfillment, Volante Technologies, said, "Having obtained Fedwire® Funds Service ISO® 20022 certification, we are uniquely positioned to bring the benefits of the new messaging standard to any institution processing wire payments, helping them meet stringent compliance deadlines and modernize their wire processing infrastructure."
See here for more information on how Volante can assist in modernizing wire payments and achieving ISO 20022 compliance in just 14 weeks.

Volante Technologies secures Fedwire® Funds Service ISO® 20022 certification

Retrieved on:

Mardi, mai 7, 2024

USD, Volante, Language, Federal Reserve, Investment, Certification, EVP, ISO, Fedwire, Cryptocurrency

NEW YORK, May 7, 2024 /PRNewswire/ -- Volante Technologies, the global leader in payments as a service, today announced its achievement of Fedwire® Funds Service certification for the ISO 20022 messaging capabilities of its wire payment processing solutions. This certification provides Volante customers a streamlined fourteen-week pathway to ISO 20022 compliance for their wire payments operations. It also allows banks to expand their modernization journey by adding additional rails from a single platform when the opportunity arises.

Key Points:

NEW YORK, May 7, 2024 /PRNewswire/ -- Volante Technologies , the global leader in payments as a service, today announced its achievement of Fedwire® Funds Service certification for the ISO 20022 messaging capabilities of its wire payment processing solutions.
This certification provides Volante customers a streamlined fourteen-week pathway to ISO 20022 compliance for their wire payments operations.
Deepak Gupta, EVP of Demand Fulfillment, Volante Technologies, said, "Having obtained Fedwire® Funds Service ISO® 20022 certification, we are uniquely positioned to bring the benefits of the new messaging standard to any institution processing wire payments, helping them meet stringent compliance deadlines and modernize their wire processing infrastructure."
See here for more information on how Volante can assist in modernizing wire payments and achieving ISO 20022 compliance in just 14 weeks.

Webtel.mobi publishes a detailed article on why the US Dollar is not under threat as Global Reserve Currency, nor a consideration for Global Financial Reform

Retrieved on:

Jeudi, mars 28, 2024

It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.

Key Points:

It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.
Through these decisions, so-called Reserve Currencies, Illiquid Currencies, Exchange Rates, Currency Flows, Currency Exchange and all other aspects of the Global Economic and Financial System are determined.
This situation is – and will be – impossible to alter without reform of the Global Financial System.
The Global Financial System functions like a railway network, with:
A System of Railway Tracks on which all Carriages (i.e.

Orum Connects to the Federal Reserve, Advancing U.S. Payment System

Retrieved on:

Mercredi, février 28, 2024

Professional Services, Payments, Security, Technology, Software, Fintech, Banking, FedNow, Verification, Federal Reserve Bank, Organization, RTP, Federal Reserve, Federal, Fedwire, FedACH, API, Bank

The direct connection to the Federal Reserve’s payment rails as a service provider is part of Orum’s new money movement API, Deliver.

Key Points:

The direct connection to the Federal Reserve’s payment rails as a service provider is part of Orum’s new money movement API, Deliver.
The Deliver API orchestrates and optimizes money movement through Federal Reserve payment rails on behalf of banking institutions.
“We’re thrilled to be among a small number of fintechs capable of supporting live transaction activity through the Federal Reserve’s payment rails,” said Stephany Kirkpatrick, founder and CEO of Orum.
The new API launch comes just months after Orum created a first-of-its-kind solution – Verify – that instantly verifies bank accounts.

Navy Federal Credit Union Partners With Alacriti

Retrieved on:

Jeudi, décembre 7, 2023

TCH, Navy Federal Credit Union, Navy, ACH, Alacrity, ISO, The Clearing House, Fedwire, Clearing house, RTP, Life insurance

BRIDGEWATER, N.J., Dec. 7, 2023 /PRNewswire-PRWeb/ -- Navy Federal Credit Union, the world's largest credit union, with $166 billion in assets and more than 13,000,000 members, has partnered with Alacriti, an innovator in cloud-based payments and money movement services, as the platform provider for Navy Federal to enable real-time payments over The Clearing House's (TCH) RTP® network.

Key Points:

BRIDGEWATER, N.J., Dec. 7, 2023 /PRNewswire-PRWeb/ -- Navy Federal Credit Union , the world's largest credit union, with $166 billion in assets and more than 13,000,000 members, has partnered with Alacriti , an innovator in cloud-based payments and money movement services, as the platform provider for Navy Federal to enable real-time payments over The Clearing House's (TCH) RTP® network.
"By gaining access to TCH's RTP network through our payments hub, Navy Federal is able to offer a top-notch member experience and drive operational savings."
Navy Federal has deployed Alacriti's cloud-native, ISO 20022-based Orbipay Payments Hub , a payment-as-a-service solution that's cloud-based and integrates with many banking cores.
"We are thrilled that Navy Federal Credit Union has joined the RTP Network.

Horizen Labs and Stably Launching ZUSD Stablecoin on the Horizen EON Network

Retrieved on:

Mardi, novembre 7, 2023

NEW YORK, NEW YORK | November 06, 2023 11:06 AM Eastern Standard Time

Key Points:

NEW YORK, NEW YORK | November 06, 2023 11:06 AM Eastern Standard Time
In a significant collaboration between two innovators in the blockchain space, Horizen Labs and Stably are excited to introduce the ZEN USD (symbol: ZUSD ) on the Horizen EON network.
The launch marks the inauguration of the first natively-issued US Dollar stablecoin on the EON network, a cutting-edge EVM-compatible sidechain and smart contract platform developed by Horizen.
ZUSD, the outcome of a collaborative effort between Stably and Horizen Labs, is a fully-backed US Dollar stablecoin.
The network's developer-centric approach played a pivotal role in enabling Stably to deploy ZUSD on Horizen EON in just under two months.

Allocations Joins Layer2 Financial to Streamline Fund Administration and Drive Innovation

Retrieved on:

Mercredi, novembre 1, 2023

Ethereum, Bitcoin, LP record, Budd SPV-2000, Entity Framework, Investment, Partnership, SAN, ACH, Fedwire, API, Asset management, Cryptocurrency, Allocation

SAN FRANCISCO, Nov. 1, 2023 /PRNewswire/ -- Layer2 Financial, a leading digital asset platform, is excited to announce a strategic partnership with AI-powered fund administrator, Allocations.

Key Points:

SAN FRANCISCO, Nov. 1, 2023 /PRNewswire/ -- Layer2 Financial, a leading digital asset platform, is excited to announce a strategic partnership with AI-powered fund administrator, Allocations.
This collaboration aims to revolutionize fund administration by enabling asset managers to launch Special Purpose Vehicles (SPVs) and funds quickly, efficiently, and cost-effectively.
By joining forces with Layer2 Financial, Allocations gains access to a robust suite of tools and services that streamline the process of opening bank accounts and custodial digital asset accounts for SPVs and funds.
The partnership between Layer2 Financial and Allocations embodies the companies' shared commitment to innovation and providing reliable, dependable solutions to their customers.

Metropolitan Commercial Bank Partners with Finzly for Advanced Payment Processing

Retrieved on:

Mardi, octobre 17, 2023

Professional Services, Payments, Small Business, Technology, Finance, Fintech, Banking, FedNow, Partnership, Fedwire, Bank, Commercial bank, EVP, ACH, Cryptocurrency

Metropolitan Commercial Bank (the “Bank”) is pleased to announce a partnership with leading cloud-based payments platform, Finzly.

Key Points:

Metropolitan Commercial Bank (the “Bank”) is pleased to announce a partnership with leading cloud-based payments platform, Finzly.
By leveraging Finzly's modern payment hub, Metropolitan Commercial Bank aims to transform its payment processing operations on ACH, Fedwire, and FedNow.
Through Finzly's advanced payment infrastructure, we now lead the way in delivering advanced payment experiences, positioning us at the forefront of financial innovation."
"We are deeply honored to be chosen as Metropolitan Commercial Bank's payment solutions partner," said Booshan Rengachari, Founder, and CEO of Finzly.