back Back

VoPay launches TXB Solution for banks and credit unions

By Delisha Fernandes

May 31, 2024

  • Banks
  • Cash Management
  • Credit Unions
Share

VoPayVoPay, a provider of embedded payment technology, has launched its Digital Transaction and Cash Management Banking Platform, TXB.

VoPay’s TXB platform is a turnkey solution designed to help banks and credit unions launch API-first transaction banking and cash management services.

“We are thrilled to unveil TXB, the latest evolution of the VoPay platform. This launch is a direct response to the evolving needs of businesses as we continually strive to anticipate and address the next frontier in business solutions, empowering organizations to scale and operate with greater efficiency,” said Hamed Arbabi, Founder & CEO at VoPay. “I am immensely proud of the innovative spirit exhibited by our team and the unparalleled uniqueness of this product.”

TXB enables financial institutions across North America to roll out a suite of API-first solutions supporting virtual accounts, multi-layer ledger management, multi-currency cash management, process automation across various payment rails, and real-time visibility and centralization of cash.

Key Features of VoPay TXB:

  • Global Payments: Send, receive, and manage white-label payments and accounts globally, creating modern, automated, and API-based experiences.
  • Dynamic Payment Tracking: Gain end-to-end visibility, from initiation to beneficiary credit, with details on the payment journey, charges, and credit timing.
  • Intelligent Routing: VoPay’s engine optimizes delivery for speed, cost, and principal protection.
  • Payments API: Originate payments and collections on demand via US ACH, CAD EFT, Push-to-Card, RTP, and more.

TXB offers real-time liquidity management, automating key treasury functions for enhanced efficiency. The multi-currency cash management features include virtual accounts, ledger management, and transaction reporting, providing improved visibility and control. TXB integrates business banking capabilities directly into products, expanding financial service offerings to drive growth and deepen customer relationships. Real-time account ledger tracking ensures visibility into transactions affecting account balances.

Previous Article

May 31, 2024

Mastercard and EagleLion team to boost digital payment in Ethiopia

Read More
Next Article

May 31, 2024

PhonePe launches Secured Lending Platform to deliver loan solutions

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Banks

Why predictive AI is a critical necessity in the field of cybersecurity

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

4 Open Banking platforms shaping the future of financial data in the US

Read More

Today

TerraPay & Thredd to power virtual card payments for the travel industry

Read More

Today

Mexican FinTech unicorn Clip secures $100m investment

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
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 2023