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Associated Press
3 days ago
- Business
- Associated Press
Star One Credit Union, Payfinia Win Banking Tech USA 2025 Award for Partnership
PORTLAND, Ore.--(BUSINESS WIRE)--Jun 5, 2025-- Payfinia, an open, real-time payments framework, announced today it won the Best Credit Union/Community Bank & FinTech Partnership by Fintech Futures' Banking Tech Awards USA 2025 with Star One Credit Union ($10.2 billion, 124,000 members). The Banking Tech Awards USA honor technology excellence and innovation in the banking and financial services sector, spotlighting the standout projects, products, services and teams driving progress in the industry. Together, Star One and Payfinia pioneered instant payments, launching Payfinia's Instant Payment Xchange (IPX), an instant payments framework enabling members to send and receive instant payments securely 24/7/365. Through the partnership, a suite of layered fraud controls available within the IPX platform produced a lower fraud per dollar than Same Day ACH and peer-to-peer payments, an improvement in back-office efficiency and member satisfaction, and increased money movement volumes. In November 2024, with financial support from Star One, Payfinia launched a Credit Union Service Organization (CUSO), allowing credit unions to collectively own and drive payments innovation. The Banking Tech Awards USA 2025 ceremony took place on May 29 th in New York, recognizing excellence across the financial technology sector. The event brought together more than 300 industry leaders, including JP Morgan Chase, Morgan Stanley, Bank of America and BNY, alongside innovative fintech players and technology providers. 'More consumers and businesses are requiring immediacy in their digital payment experiences. Financial institutions need to partner with service providers that have built solutions with security, user experience and efficiency in mind, and have proven performance metrics associated with users sending instant payments,' said Keith Riddle, general manager of Payfinia. 'We are honored to receive the Banking Tech Award for our partnership with Star One. Payfinia is dedicated to developing an instant payments framework that enables account holders to take control of their payments journeys, and we look forward to continuing to reimagine and improve how consumers move money.' Since launching in 2024, Payfinia has signed several new clients, partners and investors, positioning the payments company for continued growth in 2025. About Payfinia Inc. Payfinia Inc. is an independent payments company and CUSO, 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 member FIs a more robust payments ecosystem. To learn more about Payfinia, visit View source version on CONTACT: MEDIA CONTACTS: Laura Lenz / Anna Stanley [email protected]/[email protected] 678.781.7226 / 251.517.7857 KEYWORD: OREGON UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE PAYMENTS FINANCE BANKING DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY FINTECH SOURCE: Payfinia Inc. Copyright Business Wire 2025. PUB: 06/05/2025 09:09 AM/DISC: 06/05/2025 09:08 AM
Business Wire
3 days ago
- Business
- Business Wire
Star One Credit Union, Payfinia Win Banking Tech USA 2025 Award for Partnership
PORTLAND, Ore.--(BUSINESS WIRE)-- Payfinia, an open, real-time payments framework, announced today it won the Best Credit Union/Community Bank & FinTech Partnership by Fintech Futures' Banking Tech Awards USA 2025 with Star One Credit Union ($10.2 billion, 124,000 members). The Banking Tech Awards USA honor technology excellence and innovation in the banking and financial services sector, spotlighting the standout projects, products, services and teams driving progress in the industry. Payfinia is dedicated to developing an instant payments framework that enables account holders to take control of their payments journeys, and we look forward to continuing to reimagine and improve how consumers move money. Share Together, Star One and Payfinia pioneered instant payments, launching Payfinia's Instant Payment Xchange (IPX), an instant payments framework enabling members to send and receive instant payments securely 24/7/365. Through the partnership, a suite of layered fraud controls available within the IPX platform produced a lower fraud per dollar than Same Day ACH and peer-to-peer payments, an improvement in back-office efficiency and member satisfaction, and increased money movement volumes. In November 2024, with financial support from Star One, Payfinia launched a Credit Union Service Organization (CUSO), allowing credit unions to collectively own and drive payments innovation. The Banking Tech Awards USA 2025 ceremony took place on May 29 th in New York, recognizing excellence across the financial technology sector. The event brought together more than 300 industry leaders, including JP Morgan Chase, Morgan Stanley, Bank of America and BNY, alongside innovative fintech players and technology providers. 'More consumers and businesses are requiring immediacy in their digital payment experiences. Financial institutions need to partner with service providers that have built solutions with security, user experience and efficiency in mind, and have proven performance metrics associated with users sending instant payments,' said Keith Riddle, general manager of Payfinia. 'We are honored to receive the Banking Tech Award for our partnership with Star One. Payfinia is dedicated to developing an instant payments framework that enables account holders to take control of their payments journeys, and we look forward to continuing to reimagine and improve how consumers move money.' Since launching in 2024, Payfinia has signed several new clients, partners and investors, positioning the payments company for continued growth in 2025. About Payfinia Inc. Payfinia Inc. is an independent payments company and CUSO, 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 member FIs a more robust payments ecosystem. To learn more about Payfinia, visit
Yahoo
28-02-2025
- Business
- Yahoo
Metallicus, Payfinia offer crypto service access to US credit unions
Payfinia and Metallicus have joined forces to provide a framework for embedded instant payments and cryptocurrency services to credit union members across the US. Metallicus, a blockchain technology specialist, offers Metal Pay, a consumer-facing crypto trading app, and a supporting API for fiat-to-crypto transactions for financial institutions. The alliance sees Payfinia become a preferred API for Metallicus and payment services partner for its Metal Pay offering. This integration supports the embedding of instant money movement and crypto services into online and mobile banking platforms. As a result, credit union members can purchase and sell cryptocurrency, transition between fiat and crypto, and securely manage their digital assets within the same environment as their traditional banking accounts. The collaboration extends with Payfinia slated to join the Metal Blockchain Banking Innovation Programme, spearheaded by Metallicus, to help financial institutions harness the potential of blockchain technology. Metallicus director of blockchain for institutions and fintechs Frank Mazza said: 'This partnership solidifies Metallicus' commitment to delivering compliant blockchain and cryptocurrency infrastructure and innovative money movement solutions for financial institutions. 'By joining forces with Payfinia as one of our preferred API payment services partners, we ensure credit unions have access to secure, regulatory-compliant crypto solutions that meet the evolving needs of their members while maintaining industry competitiveness.' Payfinia CUSO general manager Keith Riddle said: "We are thrilled to be at the forefront of unique partnerships, as Payfinia's secure instant payments framework creates a bridge between standard monetary systems and an emerging digital asset framework managed by Metallicus. 'We look forward to collaborating with the Banking Innovation Program participants to accelerate additional use cases that would be enabled through the integration of Payfinia's Instant Payment Xchange (IPX) platform capabilities and the Metallicus MetalPay API-based framework.' In December 2024, Metallicus acquired FinTech Bonifii, a CUSO formerly known as 'CULedger'. The two entities are set to establish a new CUSO, enabling credit unions to leverage blockchain-based products through The Digital Banking Network (TDBN), an open-source blockchain banking protocol developed by Metallicus. "Metallicus, Payfinia offer crypto service access to US credit unions" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
