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Pidgin and Corelation team on real-time payments for credit unions

By Gloria Methri

May 29, 2024

  • Core Processing System
  • Corelation
  • Credit Union Core Processing
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Pidgin, Corelation, Real-Time Payments, FinTech, Credit Unions, Payment Processing, USAPidgin, a secure real-time payments platform, has partnered with Corelation Inc., a FinTech offering the next generation of core processing solutions. Pidgin is now a preferred partner with Corelation, and together, they will enable more credit unions to offer real-time payments to their members with Pidgin’s payments ecosystem.

Pidgin is designed to be a credit union’s one-stop shop for smarter, faster, and safer payments. The technology serves as a central connection point to the FedNow Service and other faster payment networks, enabling credit unions to easily deliver instant payment options to their members for a variety of use cases.

Pidgin’s platform facilitates the exchange of data between a credit union’s core processing system, e, any relevant third-party apps, as well as multiple payment networks, such as the FedNow Service and The Clearing House’s RTP.

With Corelation and Pidgin, credit unions can efficiently onboard to the preferred faster payment channels and embrace real-time payments based on their institution’s operational preferences, member needs and more.

Since its founding in 2009, Corelation has remained focused on driving innovation in the credit union space. The partnership with Pidgin makes it easier for credit unions of all sizes to adopt and scale real-time payments.

“At Corelation, we are continuously looking for ways to help our credit union clients get more from their core and IT solutions to serve members better and maximize opportunities for growth,” said Tim Maron, Chief Revenue Officer of Corelation. “Instant payments are quickly becoming a competitive differentiator for the financial institutions that offer them. By partnering with Pidgin, we can provide our clients with the infrastructure and consultative support they need to give their members the faster payment options they expect.”

“Credit unions are particularly bullish on real-time payments, as more than one-third plan to implement real-time payments by the end of this year, according to Cornerstone’s What’s Going On In Banking report. Another 34% plan to implement in 2025 or later,” said Abhishek Veeraghanta, founder and CEO of Pidgin. “Our partnership with Corelation will help make those plans a reality. We look forward to working with Corelation’s reputable team and empowering more credit unions to transform their payment operations.”

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