Apiture adds instant payments for community banks & credit unions

By Vriti Gothi

Apiture, a digital banking technology company, has launched real-time payments (RTP) capabilities for its network of community banks and credit unions, to power modern, agile, and customer-centric banking services.

The newly integrated real-time payments functionality enables Apiture clients to offer instant money movement through both The Clearing House’s RTP® network and the Federal Reserve’s FedNow® Service. Available 24/7/365, this capability empowers consumer and business account holders to send and receive payments in seconds meeting the growing market demand for fast, seamless, and secure financial transactions.

As digital transformation redefines customer expectations, the introduction of real-time payments positions Apiture’s clients to stay competitive against larger institutions. With more than half of U.S. businesses already leveraging RTP and FedNow in 2024 a figure expected to rise to 80% by 2026 community banks and credit unions are under increased pressure to modernise their payment offerings and deliver on-speed digital financial experiences.

Apiture’s enhanced offering builds on its comprehensive Digital Banking Platform, which already supports a broad spectrum of faster and flexible payment options. These include domestic and international wire transfers with live foreign exchange rates, peer-to-peer (P2P) transfers, bill pay, ACH transactions, and internal/external account transfers. The addition of real-time payments introduces critical new use cases such as instant payroll disbursements, gig economy payments, early wage access, government benefits, and time-sensitive P2P transfers all through a unified digital experience.

With the introduction of real-time payments, Apiture reinforces its commitment to innovation, financial inclusion, and enabling digital parity for regional financial institutions. Future plans include expanding the platform’s capabilities to support evolving use cases in embedded finance, open banking, and AI-driven transaction intelligence—empowering clients to deliver hyper-relevant digital experiences in a rapidly transforming financial landscape.

Chris Cox, Chief Operating Officer at Apiture, said, “Whether to support company payroll, bill payments, gig worker payments, early wage access, government disbursements, or P2P transfers, real-time payments have emerged as a highly effective way for consumers and businesses to instantly send and receive account-to-account payments. This represents another step in our ongoing mission to help community and regional financial institutions deliver the features today’s consumers and businesses need and expect.”