back Back

Vsoft integrates with Pidign to offer real-time payments

By Delisha Fernandes

August 29, 2023

  • account holders
  • Digital Banking Platform
  • Federal Reserve
Share

VSoft Corporation, Pidgin , account holders, real-time transaction, Federal Reserve, online banking, mobile banking, mobile deposit, digital banking platform, financial institutions, FinTech news, FinTech USAVSoft Corporation, an information and technology solutions provider, has integrated its platform with real-time payments firm Pidgin.

The integration will allow VSoft’s core processing solution Wings to facilitate real-time transaction processing via multiple payment rails, including the Federal Reserve’s recently launched FedNow Service and The Clearing House’s Real-Time Payments Network.

Wings supports real-time, high-volume and high-performance transactions across multiple channels, resulting in a more consistent and reliable digital banking experience for account holders.

“Enabling real-time transaction processing is more important than ever for today’s financial institutions, especially as instant payments go mainstream following the launch of the FedNow Service,” said Murthy Veeraghanta, chairman and CEO of VSoft. “To support a variety of faster payment options for their account holders, financial institutions need a modern, flexible core system that will make it easy to roll out new payment offerings. Through our integration with Pidgin, we can empower more financial institutions to pursue real-time payments innovation, and we look forward to what’s to come.”

VSoft’s Arya digital banking platform also integrates with Pidgin’s real-time payments solution. Arya enables financial institutions to provide a consistent and frictionless user experience that packages online banking, mobile banking and mobile deposit into a single code-based application for both retail and business account holders.

“Consumers and businesses alike have shown an appetite for real-time payment options from their financial institutions. According to PYMNTS.com, four in five Americans are interested in faster payment options when paying for goods and services,” said Abhishek Veeraghanta, founder and CEO of Pidgin.

Previous Article

August 29, 2023

Axis Bank unveils UPI interoperability on its platform ‘Digital Rupee’

Read More
Next Article

August 29, 2023

Muthoot Fincorp rolls outs its digital platform ‘Muthoot FinCorp ONE’

Read More













IBSi Daily News Analysis

eCommerce fraud, merchants

September 27, 2023

account holders

Global merchants increase spending to combat eCommerce fraud

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

September 27, 2023

XYB & Google Cloud bring Generative AI to coreless banking platform

Read More

September 27, 2023

Leatherback simplifies cross-border payments for migrants in the UK

Read More

September 27, 2023

Infosys & Microsoft to accelerate adoption of generative AI for businesses

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£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 2023