back Back

Alacriti & The Clearing House partner to drive faster payments innovation

By Pavithra R

October 07, 2020

  • Alacriti
  • The Clearing House
  • USA
Share

Alacriti, a leading FinTech company dedicated to helping clients in accelerating their digital payments transformation has announced that the company has partnered with The Clearing House to help foster real-time payments adoption across the banking and credit union (CU) markets.

Alacriti provides a cloud-native platform (Orbipay) for faster payments innovation, enabling both banks and CUs to securely access the RTP network and deliver new products and services rapidly to their retail and corporate customers.

The RTP network, developed by The Clearing House is empowering financial institutions and businesses to implement innovative, value-added use cases for faster payments. It gives the banking industry a modern platform for 24/7 domestic real-time payments, complete with immediate payment confirmation and rich data capabilities. The network enables instantaneous settlement and availability, so funds can be used or withdrawn as cash immediately.

“We’re committed to providing advanced cloud-native solutions that help financial institutions of all sizes accelerate their connection to the RTP network without needing to make expensive technology investments. As the real-time payments market evolves, our goal is to help banks, community banks, and credit unions drive new revenue by delivering innovative faster payment services to their customers,” said Carl Robinson, Senior Vice President at Alacriti.

Avidia Bank, a $2 bn mutual community bank headquartered in Hudson, MA, is working with Alacriti to help drive the market for real-time payments.

“We are excited that Alacriti will be joining the growing number of technology firms who can bring real-time payments via the RTP network to banks and credit unions. We look forward to working with Alacriti to provide access to the RTP network to financial institutions of all sizes,” said Keith Gray, Vice President of Strategic Partnerships at The Clearing House.

Established since 1853, The Clearing House is a banking association and payments company owned by the largest commercial banks. According to company data, RTP network currently reaches 56% of U.S. demand deposit accounts, and about 30 financial institutions are live on the network. It offers a flat pricing structure for all depository institutions and does not include volume discounts or have minimum volume requirements.

Previous Article

October 07, 2020

Italy’s newest challenger bank Flowe goes live with Temenos

Read More
Next Article

October 07, 2020

4 top Indian private banks’ APIs enabling innovations in open banking

Read More










IBSi Daily News Analysis

FinTech, future, trends

December 08, 2022

Alacriti

Here’s how the FinTech landscape looks like for 2023

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

C6 Bank selects Thought Machine’s Vault Core to power the innovation of financial services

Read More

December 08, 2022

Worldline brings Express Transit for Apple Pay to France

Read More

December 08, 2022

AvidXchange and Wise partner to expand International Payments capabilities

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022