Latest news with #IPX
Yahoo
5 days ago
- Business
- Yahoo
Valiify and Payfinia Partner to Bring Instant Account Funding to Community Banks and Credit Unions
PORTLAND, Ore., August 06, 2025--(BUSINESS WIRE)--Valiify, a digital account opening and loan origination platform company based in Tuscaloosa, Ala., today announced a strategic partnership with Payfinia, an independent payment services provider based in Portland, Ore. Payfinia's flagship solution, Instant Payment Xchange (IPX) platform, enables innovative platform providers to embed instant payment capabilities into existing workflows via a secure API integration. The partnership brings real-time money movement directly into the Valiify platform, enabling financial institutions to move funds and disburse loans immediately, without involving manual workflows or external systems. With this integration, financial institutions can address a growing pressure point: shortening the time between approval and funding. In lending, delays create drop-off risk, operational inefficiencies, and lost revenue. Real-time funding allows institutions to move funds the moment an application is approved, reducing abandonment, lowering servicing overhead, and supporting more competitive loan programs. For community institutions, the stakes are especially high. Instant disbursement not only improves the member experience but also creates parity with fintechs and large banks, while opening new fee income opportunities through RTP-enabled products. "Community banks and credit unions are doing the hard work, serving real people in real communities, but often with tools that are a decade behind," said Ted Coy, founder and CEO of Valiify. "This partnership with Payfinia lets our clients offer something their customers and members already assume is possible: instant access to their money. It's a meaningful shift that doesn't require a core replacement or a years-long project plan." Through the integration, financial institutions using Valiify will be able to: Offer Real-Time Payments to users; Disburse loan funds in real time using Payfinia's IPX platform; Reduce abandonment by removing delays between approval and access; and Automate traditionally manual back-office processes tied to funding and reconciliation For institutions competing in the unsecured lending market, this changes the game. For example, a borrower who applies for a personal loan can receive approval and funding within minutes, improving satisfaction, reducing operational costs, and giving community lenders a chance to compete with fintechs and larger banks that already offer instant disbursal. Keith Riddle, GM of Payfinia, said the partnership reflects the broader evolution of infrastructure in community finance. "Our mission at Payfinia is to give every financial institution access to real-time payment capabilities, without needing to rebuild their tech stack. Valiify shares that belief. Together, we're delivering an integrated solution that puts community FIs back on equal footing when it comes to funding speed, member experience, and revenue growth." Financial institutions have long recognized the need for faster payments; however, integration hurdles, budget constraints, and legacy systems have prevented many from implementing them. This partnership eliminates several of those barriers: Valiify already integrates directly into common cores, and Payfinia's IPX infrastructure works with the existing payment ecosystem. From a revenue standpoint, institutions can also create new fee income streams by offering instant payment-enabled products, including premium disbursal options, same-day payouts, or instant deposit switching for new accounts. This marks a practical step forward in making modern infrastructure available to the institutions that serve Main Street. About Valiify Valiify, headquartered in Tuscaloosa, Alabama, is a purpose-built platform for community banks and credit unions seeking modern digital solutions. Founded in 2024, Valiify offers a modular system that includes digital account opening, a loan origination platform, and automated marketing tools. Their platform enables financial institutions to digitize and automate key processes, reducing manual tasks and improving customer experiences. With features like instant credit assessments, real-time fraud detection, and cross-selling capabilities for products such as GAP insurance and warranties, Valiify helps institutions compete. Clients have reported significant increases in application volumes and account openings after implementing Valiify's solutions. 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 Payfinia Media Contact: Anna Stanleyanna@ 251.517.7857 Valiify Media Contact: Devon Caprara-HenchClient Success Manager, Valiify831.206.1991devoncaprarahench@
Yahoo
5 days ago
- Business
- Yahoo
Valiify and Payfinia Partner to Bring Instant Account Funding to Community Banks and Credit Unions
PORTLAND, Ore., August 06, 2025--(BUSINESS WIRE)--Valiify, a digital account opening and loan origination platform company based in Tuscaloosa, Ala., today announced a strategic partnership with Payfinia, an independent payment services provider based in Portland, Ore. Payfinia's flagship solution, Instant Payment Xchange (IPX) platform, enables innovative platform providers to embed instant payment capabilities into existing workflows via a secure API integration. The partnership brings real-time money movement directly into the Valiify platform, enabling financial institutions to move funds and disburse loans immediately, without involving manual workflows or external systems. With this integration, financial institutions can address a growing pressure point: shortening the time between approval and funding. In lending, delays create drop-off risk, operational inefficiencies, and lost revenue. Real-time funding allows institutions to move funds the moment an application is approved, reducing abandonment, lowering servicing overhead, and supporting more competitive loan programs. For community institutions, the stakes are especially high. Instant disbursement not only improves the member experience but also creates parity with fintechs and large banks, while opening new fee income opportunities through RTP-enabled products. "Community banks and credit unions are doing the hard work, serving real people in real communities, but often with tools that are a decade behind," said Ted Coy, founder and CEO of Valiify. "This partnership with Payfinia lets our clients offer something their customers and members already assume is possible: instant access to their money. It's a meaningful shift that doesn't require a core replacement or a years-long project plan." Through the integration, financial institutions using Valiify will be able to: Offer Real-Time Payments to users; Disburse loan funds in real time using Payfinia's IPX platform; Reduce abandonment by removing delays between approval and access; and Automate traditionally manual back-office processes tied to funding and reconciliation For institutions competing in the unsecured lending market, this changes the game. For example, a borrower who applies for a personal loan can receive approval and funding within minutes, improving satisfaction, reducing operational costs, and giving community lenders a chance to compete with fintechs and larger banks that already offer instant disbursal. Keith Riddle, GM of Payfinia, said the partnership reflects the broader evolution of infrastructure in community finance. "Our mission at Payfinia is to give every financial institution access to real-time payment capabilities, without needing to rebuild their tech stack. Valiify shares that belief. Together, we're delivering an integrated solution that puts community FIs back on equal footing when it comes to funding speed, member experience, and revenue growth." Financial institutions have long recognized the need for faster payments; however, integration hurdles, budget constraints, and legacy systems have prevented many from implementing them. This partnership eliminates several of those barriers: Valiify already integrates directly into common cores, and Payfinia's IPX infrastructure works with the existing payment ecosystem. From a revenue standpoint, institutions can also create new fee income streams by offering instant payment-enabled products, including premium disbursal options, same-day payouts, or instant deposit switching for new accounts. This marks a practical step forward in making modern infrastructure available to the institutions that serve Main Street. About Valiify Valiify, headquartered in Tuscaloosa, Alabama, is a purpose-built platform for community banks and credit unions seeking modern digital solutions. Founded in 2024, Valiify offers a modular system that includes digital account opening, a loan origination platform, and automated marketing tools. Their platform enables financial institutions to digitize and automate key processes, reducing manual tasks and improving customer experiences. With features like instant credit assessments, real-time fraud detection, and cross-selling capabilities for products such as GAP insurance and warranties, Valiify helps institutions compete. Clients have reported significant increases in application volumes and account openings after implementing Valiify's solutions. 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 Payfinia Media Contact: Anna Stanleyanna@ 251.517.7857 Valiify Media Contact: Devon Caprara-HenchClient Success Manager, Valiify831.206.1991devoncaprarahench@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
5 days ago
- Business
- Business Wire
Valiify and Payfinia Partner to Bring Instant Account Funding to Community Banks and Credit Unions
PORTLAND, Ore.--(BUSINESS WIRE)--Valiify, a digital account opening and loan origination platform company based in Tuscaloosa, Ala., today announced a strategic partnership with Payfinia, an independent payment services provider based in Portland, Ore. Payfinia's flagship solution, Instant Payment Xchange (IPX) platform, enables innovative platform providers to embed instant payment capabilities into existing workflows via a secure API integration. The partnership brings real-time money movement directly into the Valiify platform, enabling financial institutions to move funds and disburse loans immediately, without involving manual workflows or external systems. 'This partnership lets community financial institutions offer something their customers and members already assume is possible: instant access to their money. It's a meaningful shift that doesn't require a core replacement or a years-long project plan.' Share With this integration, financial institutions can address a growing pressure point: shortening the time between approval and funding. In lending, delays create drop-off risk, operational inefficiencies, and lost revenue. Real-time funding allows institutions to move funds the moment an application is approved, reducing abandonment, lowering servicing overhead, and supporting more competitive loan programs. For community institutions, the stakes are especially high. Instant disbursement not only improves the member experience but also creates parity with fintechs and large banks, while opening new fee income opportunities through RTP-enabled products. 'Community banks and credit unions are doing the hard work, serving real people in real communities, but often with tools that are a decade behind,' said Ted Coy, founder and CEO of Valiify. 'This partnership with Payfinia lets our clients offer something their customers and members already assume is possible: instant access to their money. It's a meaningful shift that doesn't require a core replacement or a years-long project plan.' Through the integration, financial institutions using Valiify will be able to: Offer Real-Time Payments to users; Disburse loan funds in real time using Payfinia's IPX platform; Reduce abandonment by removing delays between approval and access; and Automate traditionally manual back-office processes tied to funding and reconciliation For institutions competing in the unsecured lending market, this changes the game. For example, a borrower who applies for a personal loan can receive approval and funding within minutes, improving satisfaction, reducing operational costs, and giving community lenders a chance to compete with fintechs and larger banks that already offer instant disbursal. Keith Riddle, GM of Payfinia, said the partnership reflects the broader evolution of infrastructure in community finance. 'Our mission at Payfinia is to give every financial institution access to real-time payment capabilities, without needing to rebuild their tech stack. Valiify shares that belief. Together, we're delivering an integrated solution that puts community FIs back on equal footing when it comes to funding speed, member experience, and revenue growth.' Financial institutions have long recognized the need for faster payments; however, integration hurdles, budget constraints, and legacy systems have prevented many from implementing them. This partnership eliminates several of those barriers: Valiify already integrates directly into common cores, and Payfinia's IPX infrastructure works with the existing payment ecosystem. From a revenue standpoint, institutions can also create new fee income streams by offering instant payment-enabled products, including premium disbursal options, same-day payouts, or instant deposit switching for new accounts. This marks a practical step forward in making modern infrastructure available to the institutions that serve Main Street. About Valiify Valiify, headquartered in Tuscaloosa, Alabama, is a purpose-built platform for community banks and credit unions seeking modern digital solutions. Founded in 2024, Valiify offers a modular system that includes digital account opening, a loan origination platform, and automated marketing tools. Their platform enables financial institutions to digitize and automate key processes, reducing manual tasks and improving customer experiences. With features like instant credit assessments, real-time fraud detection, and cross-selling capabilities for products such as GAP insurance and warranties, Valiify helps institutions compete. Clients have reported significant increases in application volumes and account openings after implementing Valiify's solutions. 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
Business Wire
5 days ago
- Business
- Business Wire
Valiify and Payfinia Partner to Bring Instant Account Funding to
PORTLAND, Ore.--(BUSINESS WIRE)--Valiify, a digital account opening and loan origination platform company based in Tuscaloosa, Ala., today announced a strategic partnership with Payfinia, an independent payment services provider based in Portland, Ore. Payfinia's flagship solution, Instant Payment Xchange (IPX) platform, enables innovative platform providers to embed instant payment capabilities into existing workflows via a secure API integration. The partnership brings real-time money movement directly into the Valiify platform, enabling financial institutions to move funds and disburse loans immediately, without involving manual workflows or external systems. 'This partnership lets community financial institutions offer something their customers and members already assume is possible: instant access to their money. It's a meaningful shift that doesn't require a core replacement or a years-long project plan.' With this integration, financial institutions can address a growing pressure point: shortening the time between approval and funding. In lending, delays create drop-off risk, operational inefficiencies, and lost revenue. Real-time funding allows institutions to move funds the moment an application is approved, reducing abandonment, lowering servicing overhead, and supporting more competitive loan programs. For community institutions, the stakes are especially high. Instant disbursement not only improves the member experience but also creates parity with fintechs and large banks, while opening new fee income opportunities through RTP-enabled products. 'Community banks and credit unions are doing the hard work, serving real people in real communities, but often with tools that are a decade behind,' said Ted Coy, founder and CEO of Valiify. 'This partnership with Payfinia lets our clients offer something their customers and members already assume is possible: instant access to their money. It's a meaningful shift that doesn't require a core replacement or a years-long project plan.' Through the integration, financial institutions using Valiify will be able to: Offer Real-Time Payments to users; Disburse loan funds in real time using Payfinia's IPX platform; Reduce abandonment by removing delays between approval and access; and Automate traditionally manual back-office processes tied to funding and reconciliation For institutions competing in the unsecured lending market, this changes the game. For example, a borrower who applies for a personal loan can receive approval and funding within minutes, improving satisfaction, reducing operational costs, and giving community lenders a chance to compete with fintechs and larger banks that already offer instant disbursal. Keith Riddle, GM of Payfinia, said the partnership reflects the broader evolution of infrastructure in community finance. 'Our mission at Payfinia is to give every financial institution access to real-time payment capabilities, without needing to rebuild their tech stack. Valiify shares that belief. Together, we're delivering an integrated solution that puts community FIs back on equal footing when it comes to funding speed, member experience, and revenue growth.' Financial institutions have long recognized the need for faster payments; however, integration hurdles, budget constraints, and legacy systems have prevented many from implementing them. This partnership eliminates several of those barriers: Valiify already integrates directly into common cores, and Payfinia's IPX infrastructure works with the existing payment ecosystem. From a revenue standpoint, institutions can also create new fee income streams by offering instant payment-enabled products, including premium disbursal options, same-day payouts, or instant deposit switching for new accounts. This marks a practical step forward in making modern infrastructure available to the institutions that serve Main Street. About Valiify Valiify, headquartered in Tuscaloosa, Alabama, is a purpose-built platform for community banks and credit unions seeking modern digital solutions. Founded in 2024, Valiify offers a modular system that includes digital account opening, a loan origination platform, and automated marketing tools. Their platform enables financial institutions to digitize and automate key processes, reducing manual tasks and improving customer experiences. With features like instant credit assessments, real-time fraud detection, and cross-selling capabilities for products such as GAP insurance and warranties, Valiify helps institutions compete. Clients have reported significant increases in application volumes and account openings after implementing Valiify's solutions. 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
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
