Latest news with #KeithRiddle
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.
Yahoo
18-02-2025
- Business
- Yahoo
Payfinia Partners with TAPP Engine to Provide Instant Wealth Management Capabilities
PORTLAND, Ore., February 18, 2025--(BUSINESS WIRE)--Payfinia, an open, real-time payments framework, today announced it partnered with TAPP Engine, a B2B2C provider of SaaS embedded finance solutions, to offer an embedded suite of instant payments services to financial institutions (FIs) and wealth management providers. The partnership enables participating clients to access Payfinia's full suite of instant payment services, enabling an embedded suite of services to support account-to-account transactions, ACH messaging and instant payments requests. The embedded payment services offering from TAPP Engine and Payfinia is scheduled for availability in Q2. Tosin Osunsanya, CEO and founder of TAPP Engine, said, "Community financial institutions are competing with megabanks and third parties to provide the best services possible – and a key part of this is offering the fastest and most fraud-proof solutions when managing multi-assets brokerage, fractional shares investing, clearing and more. By partnering with Payfinia, we will provide our clients with a fully managed, instant payments option to attract and retain more assets. Our partnership with Payfinia ensures our clients have a secure money movement framework to transform their businesses." TAPP Engine provides WealthTech-as-a-service solutions and back-office operations support to financial services providers. Infusing instant payment capabilities into TAPP Engine's platform enhances the account holder's ability to manage cash flow within their checking accounts and accelerates the purchase of securities through the connected brokerage account. Account holders also can request immediate withdrawals from the brokerage account to the credit union checking account. Through Payfinia's comprehensive admin console, participating FIs gain access to Payfinia's layered fraud controls for mitigating risk associated with instant transfers and the ability to secure ACH data for origination. Additionally, FIs can send instant payments on behalf of account holders and create instant disbursements to a defined portfolio of suppliers via Payfinia's Concierge Payments Module (CPM). Keith Riddle, general manager of Payfinia CUSO, said, "Combining Payfinia's open payments framework, instant account-to-account transfer experience, and suite of layered fraud controls with TAPP Engine's wealth management and brokerage tools, TAPP Engine clients will have more a secure, seamless wealth management experience. We're thrilled to partner with TAPP Engine to offer its clients immediate access to funds, creating more efficient and secure money management capabilities. Our partnership will transform money movement experiences within the wealth management and financial services landscape." To learn more, Payfinia and TAPP Engine will be attending America's Credit Unions Governmental Affairs Conference 2025 in Washington D.C., taking place March 2 – 6. Please contact Keith Riddle, General Manager, Payfinia CUSO – or Vincent Maggiulli, Head of Sales and Business Development, TAPP Engine – vincent@ to schedule an introductory session. About TAPP Engine TAPP Engine® offers Banking-as-a-Service solutions with embedded digital-first financial services for wealth management firms and other financial institutions. Our SaaS open brokerage and digital banking infrastructure solution enables our clients to compete quickly and cost effectively with big banks. Our micro-services embedded finance infrastructure APIs support multi-assets brokerage, fractional shares investing, clearing and custody. 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 member FIs a more robust payments ecosystem. To learn more about Payfinia, visit View source version on Contacts MEDIA CONTACTS: Laura Lenz / Anna Stanleylaura@ / anna@ 678.781.7226 / 251.517.7857 Sign in to access your portfolio
Yahoo
18-02-2025
- Business
- Yahoo
Payfinia Partners with TAPP Engine to Provide Instant Wealth Management Capabilities
PORTLAND, Ore., February 18, 2025--(BUSINESS WIRE)--Payfinia, an open, real-time payments framework, today announced it partnered with TAPP Engine, a B2B2C provider of SaaS embedded finance solutions, to offer an embedded suite of instant payments services to financial institutions (FIs) and wealth management providers. The partnership enables participating clients to access Payfinia's full suite of instant payment services, enabling an embedded suite of services to support account-to-account transactions, ACH messaging and instant payments requests. The embedded payment services offering from TAPP Engine and Payfinia is scheduled for availability in Q2. Tosin Osunsanya, CEO and founder of TAPP Engine, said, "Community financial institutions are competing with megabanks and third parties to provide the best services possible – and a key part of this is offering the fastest and most fraud-proof solutions when managing multi-assets brokerage, fractional shares investing, clearing and more. By partnering with Payfinia, we will provide our clients with a fully managed, instant payments option to attract and retain more assets. Our partnership with Payfinia ensures our clients have a secure money movement framework to transform their businesses." TAPP Engine provides WealthTech-as-a-service solutions and back-office operations support to financial services providers. Infusing instant payment capabilities into TAPP Engine's platform enhances the account holder's ability to manage cash flow within their checking accounts and accelerates the purchase of securities through the connected brokerage account. Account holders also can request immediate withdrawals from the brokerage account to the credit union checking account. Through Payfinia's comprehensive admin console, participating FIs gain access to Payfinia's layered fraud controls for mitigating risk associated with instant transfers and the ability to secure ACH data for origination. Additionally, FIs can send instant payments on behalf of account holders and create instant disbursements to a defined portfolio of suppliers via Payfinia's Concierge Payments Module (CPM). Keith Riddle, general manager of Payfinia CUSO, said, "Combining Payfinia's open payments framework, instant account-to-account transfer experience, and suite of layered fraud controls with TAPP Engine's wealth management and brokerage tools, TAPP Engine clients will have more a secure, seamless wealth management experience. We're thrilled to partner with TAPP Engine to offer its clients immediate access to funds, creating more efficient and secure money management capabilities. Our partnership will transform money movement experiences within the wealth management and financial services landscape." To learn more, Payfinia and TAPP Engine will be attending America's Credit Unions Governmental Affairs Conference 2025 in Washington D.C., taking place March 2 – 6. Please contact Keith Riddle, General Manager, Payfinia CUSO – or Vincent Maggiulli, Head of Sales and Business Development, TAPP Engine – vincent@ to schedule an introductory session. About TAPP Engine TAPP Engine® offers Banking-as-a-Service solutions with embedded digital-first financial services for wealth management firms and other financial institutions. Our SaaS open brokerage and digital banking infrastructure solution enables our clients to compete quickly and cost effectively with big banks. Our micro-services embedded finance infrastructure APIs support multi-assets brokerage, fractional shares investing, clearing and custody. 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 member FIs a more robust payments ecosystem. To learn more about Payfinia, visit View source version on Contacts MEDIA CONTACTS: Laura Lenz / Anna Stanleylaura@ / anna@ 678.781.7226 / 251.517.7857
