News & Insights

The payments industry is ever-changing. There is a growing need for faster, seamless payments as new technology and competitors emerge. Compared to current fintech solutions, a funds transfer on existing payment rails may take hours or up to a couple days to settle and post to a customer’s account. Until recent years, however, there had been no united payments industry effort to provide additional alternatives for instant transactions. All of that is now on the cusp of change.

Credit unions are an essential part of the financial services sector, serving millions of people around the world. Therefore, it is crucial they operate with the highest level of accuracy to make sound business decisions and provide the best possible services to their members.