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Business Wire
24-07-2025
- Business
- Business Wire
Apiture Launches Real-Time Payments for Community Banks and Credit Unions
WILMINGTON, N.C.--(BUSINESS WIRE)-- Apiture, a leading provider of digital banking solutions, today announced the availability of real-time payment capabilities for its community bank and credit union clients. With this enhancement, Apiture clients can enable their consumer and business account holders to send and receive payments instantly, 24/7/365, through The Clearing House's RTP ® network and the Federal Reserve's FedNow ® Service. As demand for faster, more reliable payment experiences continues to grow, real-time payments adoption is steadily increasing, especially among businesses. Over half of American companies were already using RTP and FedNow in 2024, according to a study from U.S. Bank, with adoption projected to reach 80% by 2026. As real-time payments shift from a competitive advantage to a customer expectation, offering this capability is becoming increasingly important for community banks and credit unions to compete with larger financial institutions. The Apiture Digital Banking Platform provides a comprehensive suite of payment options enabling consumers and businesses to choose the best payment method based on their specific use case. The new real-time payments capability builds upon Apiture's existing faster payment options, including domestic and international wire transfers with real-time foreign exchange rates. Additional payment services available to Apiture clients include bill pay, peer-to-peer payments, internal and external transfers, and ACH transactions. '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,' said Chris Cox, chief operating officer at Apiture. '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.' For more information, visit About Apiture Apiture delivers award-winning digital banking solutions to banks and credit unions throughout the U.S. Our flexible, highly configurable solutions meet a wide range of financial institutions' needs, from leveling the playing field with larger institutions to supporting growth through innovative data intelligence and embedded banking strategies. With our API-first approach, our clients can maximize the capabilities of their platform while preserving a seamless user experience. Our exclusive focus on digital banking, and a team with hundreds of years of collective experience working at U.S. financial institutions, means we are dedicated to meeting the unique needs of our clients while providing a level of support that is unmatched in the industry. Apiture is headquartered in Wilmington, North Carolina. To learn more, visit
Yahoo
16-07-2025
- Business
- Yahoo
Patelco Credit Union Deploys Payfinia's Instant Payment Xchange Platform, Enabling Real-Time Payments via FedNow Receive Service
~Credit union settles $5.4 million of immediate payments during initial launch period~ PORTLAND, Ore., July 16, 2025--(BUSINESS WIRE)--Payfinia, an independent payment services firm providing an open payments framework, announced today it partnered with Patelco Credit Union (Patelco) to successfully launch a new real-time payments service, enabling members to receive instant payments 24/7 through the Federal Reserve's FedNow® Service. The credit union deployed Payfinia's Instant Payment Xchange (IPX) platform in less than 80 days and has processed more than $5.4 million in instant payment transactions as of mid-July. Headquartered in Dublin, Calif., Patelco has nearly $10 billion in assets and approximately 500,000 members in and around Northern and Southern California. The credit union selected Payfinia's open, real-time payments framework, IPX, to provide its members with a proven money-movement solution that enables instant payment capabilities, improves cash flow and provides an advanced, layered security approach to mitigate fraud. "Payfinia's IPX platform was designed with an ease of enablement that allowed us to go live very quickly, while still maintaining the credit union's risk thresholds with a measured, phased deployment," said Armand Abhari, Senior Vice President, Patelco Credit Union. "We recognize the evolving needs of our members, including the increasing demand to move money quickly. Together with Payfinia, we were able to accelerate our path to instant payments and the response from our members has been overwhelmingly positive. Payfinia's open payment platform also provides Patelco with a firm foundation for future payments innovation." Currently, Patelco's Receive instant payments offering is available to members with wealth management accounts, enabling real-time transfers 24/7 and immediate access to funds. The credit union has future plans to expand the offering to include Send use cases later this year. "Patelco's successful launch of instant payments is a testament to the fully embedded, secure design of Payfinia's IPX platform," said Keith Riddle, general manager of Payfinia. "They are a shining example of a credit union that is adapting to its members' rapidly evolving needs, while still ensuring the highest level of security and eliminating the risk of fraudulent activity. We are thrilled with Patelco's immediate success and look forward to expanding the offering in the future." About Patelco Credit Union Patelco Credit Union is a not-for-profit credit union committed to serving the financial health and well-being of its membership. With more than $9 billion in assets, Patelco empowers its 500,000 members to live their best financial lives by offering personalized solutions, advice, and expertise. Patelco has received numerous multi-year awards for excellence from leading consumer and business organizations, including Newsweek's America's Best Regional Banks and Credit Unions and Bankrate's Best Credit Unions, and was named a Best-In-State Credit Union in 2025 by Forbes. The company was founded in 1936 with $500 by Pacific Telephone and Telegraph Company employees and is based in Dublin, Ca. For more information, visit About Payfinia Inc. Payfinia Inc. is an independent payments company, providing community financial institutions (CFIs) access to and ownership of their instant payments services. Payfinia's flagship product offering, the Instant Payments Xchange (IPX), is a secure, scalable and affordable real-time money movement service. Additionally, Payfinia partners with third-party digital providers to integrate instant payments with traditional payment and money movement solutions, extending the technology provider's capabilities, while also providing community financial institutions (CFIs) a more robust payments ecosystem. To learn more about Payfinia, visit View source version on Contacts MEDIA CONTACT: Anna Stanleyanna@ 251.517.7857
Business Wire
16-07-2025
- Business
- Business Wire
Patelco Credit Union Deploys Payfinia's Instant Payment Xchange Platform, Enabling Real-Time Payments via FedNow Receive Service
PORTLAND, Ore.--(BUSINESS WIRE)-- Payfinia, an independent payment services firm providing an open payments framework, announced today it partnered with Patelco Credit Union (Patelco) to successfully launch a new real-time payments service, enabling members to receive instant payments 24/7 through the Federal Reserve's FedNow® Service. The credit union deployed Payfinia's Instant Payment Xchange (IPX) platform in less than 80 days and has processed more than $5.4 million in instant payment transactions as of mid-July. Patelco CU deploys Payfinia's IPX Platform, enabling Real-Time Payments via FedNow Receive Service Share Headquartered in Dublin, Calif., Patelco has nearly $10 billion in assets and approximately 500,000 members in and around Northern and Southern California. The credit union selected Payfinia's open, real-time payments framework, IPX, to provide its members with a proven money-movement solution that enables instant payment capabilities, improves cash flow and provides an advanced, layered security approach to mitigate fraud. 'Payfinia's IPX platform was designed with an ease of enablement that allowed us to go live very quickly, while still maintaining the credit union's risk thresholds with a measured, phased deployment,' said Armand Abhari, Senior Vice President, Patelco Credit Union. 'We recognize the evolving needs of our members, including the increasing demand to move money quickly. Together with Payfinia, we were able to accelerate our path to instant payments and the response from our members has been overwhelmingly positive. Payfinia's open payment platform also provides Patelco with a firm foundation for future payments innovation.' Currently, Patelco's Receive instant payments offering is available to members with wealth management accounts, enabling real-time transfers 24/7 and immediate access to funds. The credit union has future plans to expand the offering to include Send use cases later this year. 'Patelco's successful launch of instant payments is a testament to the fully embedded, secure design of Payfinia's IPX platform,' said Keith Riddle, general manager of Payfinia. 'They are a shining example of a credit union that is adapting to its members' rapidly evolving needs, while still ensuring the highest level of security and eliminating the risk of fraudulent activity. We are thrilled with Patelco's immediate success and look forward to expanding the offering in the future.' About Patelco Credit Union Patelco Credit Union is a not-for-profit credit union committed to serving the financial health and well-being of its membership. With more than $9 billion in assets, Patelco empowers its 500,000 members to live their best financial lives by offering personalized solutions, advice, and expertise. Patelco has received numerous multi-year awards for excellence from leading consumer and business organizations, including Newsweek's America's Best Regional Banks and Credit Unions and Bankrate's Best Credit Unions, and was named a Best-In-State Credit Union in 2025 by Forbes. The company was founded in 1936 with $500 by Pacific Telephone and Telegraph Company employees and is based in Dublin, Ca. For more information, visit About Payfinia Inc. Payfinia Inc. is an independent payments company, providing community financial institutions (CFIs) access to and ownership of their instant payments services. Payfinia's flagship product offering, the Instant Payments Xchange (IPX), is a secure, scalable and affordable real-time money movement service. Additionally, Payfinia partners with third-party digital providers to integrate instant payments with traditional payment and money movement solutions, extending the technology provider's capabilities, while also providing community financial institutions (CFIs) a more robust payments ecosystem. To learn more about Payfinia, visit
Associated Press
16-07-2025
- Business
- Associated Press
Patelco Credit Union Deploys Payfinia's Instant Payment Xchange Platform, Enabling Real-Time Payments via FedNow Receive Service
PORTLAND, Ore.--(BUSINESS WIRE)--Jul 16, 2025-- Payfinia, an independent payment services firm providing an open payments framework, announced today it partnered with Patelco Credit Union (Patelco) to successfully launch a new real-time payments service, enabling members to receive instant payments 24/7 through the Federal Reserve's FedNow® Service. The credit union deployed Payfinia's Instant Payment Xchange (IPX) platform in less than 80 days and has processed more than $5.4 million in instant payment transactions as of mid-July. Headquartered in Dublin, Calif., Patelco has nearly $10 billion in assets and approximately 500,000 members in and around Northern and Southern California. The credit union selected Payfinia's open, real-time payments framework, IPX, to provide its members with a proven money-movement solution that enables instant payment capabilities, improves cash flow and provides an advanced, layered security approach to mitigate fraud. 'Payfinia's IPX platform was designed with an ease of enablement that allowed us to go live very quickly, while still maintaining the credit union's risk thresholds with a measured, phased deployment,' said Armand Abhari, Senior Vice President, Patelco Credit Union. 'We recognize the evolving needs of our members, including the increasing demand to move money quickly. Together with Payfinia, we were able to accelerate our path to instant payments and the response from our members has been overwhelmingly positive. Payfinia's open payment platform also provides Patelco with a firm foundation for future payments innovation.' Currently, Patelco's Receive instant payments offering is available to members with wealth management accounts, enabling real-time transfers 24/7 and immediate access to funds. The credit union has future plans to expand the offering to include Send use cases later this year. 'Patelco's successful launch of instant payments is a testament to the fully embedded, secure design of Payfinia's IPX platform,' said Keith Riddle, general manager of Payfinia. 'They are a shining example of a credit union that is adapting to its members' rapidly evolving needs, while still ensuring the highest level of security and eliminating the risk of fraudulent activity. We are thrilled with Patelco's immediate success and look forward to expanding the offering in the future.' About Patelco Credit Union Patelco Credit Union is a not-for-profit credit union committed to serving the financial health and well-being of its membership. With more than $9 billion in assets, Patelco empowers its 500,000 members to live their best financial lives by offering personalized solutions, advice, and expertise. Patelco has received numerous multi-year awards for excellence from leading consumer and business organizations, including Newsweek's America's Best Regional Banks and Credit Unions and Bankrate's Best Credit Unions, and was named a Best-In-State Credit Union in 2025 by Forbes. The company was founded in 1936 with $500 by Pacific Telephone and Telegraph Company employees and is based in Dublin, Ca. For more information, visit About Payfinia Inc. Payfinia Inc. is an independent payments company, providing community financial institutions (CFIs) access to and ownership of their instant payments services. Payfinia's flagship product offering, the Instant Payments Xchange (IPX), is a secure, scalable and affordable real-time money movement service. Additionally, Payfinia partners with third-party digital providers to integrate instant payments with traditional payment and money movement solutions, extending the technology provider's capabilities, while also providing community financial institutions (CFIs) a more robust payments ecosystem. To learn more about Payfinia, visit View source version on CONTACT: MEDIA CONTACT: Anna Stanley [email protected] 251.517.7857 KEYWORD: UNITED STATES NORTH AMERICA OREGON INDUSTRY KEYWORD: CONSULTING BANKING ACCOUNTING TECHNOLOGY PROFESSIONAL SERVICES PAYMENTS OTHER TECHNOLOGY SOFTWARE NETWORKS MOBILE/WIRELESS FINANCE SOURCE: Payfinia Inc. Copyright Business Wire 2025. PUB: 07/16/2025 07:45 AM/DISC: 07/16/2025 07:45 AM
