VSoft Corporation, an information and technology solutions provider, has integrated its platform with real-time payments firm Pidgin.
The integration will allow VSoft’s core processing solution Wings to facilitate real-time transaction processing via multiple payment rails, including the Federal Reserve’s recently launched FedNow Service and The Clearing House’s Real-Time Payments Network.
Wings supports real-time, high-volume and high-performance transactions across multiple channels, resulting in a more consistent and reliable digital banking experience for account holders.
Enabling real-time transaction processing is more important than ever for today’s financial institutions, especially as instant payments go mainstream following the launch of the FedNow Service,” said Murthy Veeraghanta, chairman and CEO of VSoft. “To support a variety of faster payment options for their account holders, financial institutions need a modern, flexible core system that will make it easy to roll out new payment offerings. Through our integration with Pidgin, we can empower more financial institutions to pursue real-time payments innovation, and we look forward to what’s to come.”
VSoft’s Arya digital banking platform also integrates with Pidgin’s real-time payments solution. Arya enables financial institutions to provide a consistent and frictionless user experience that packages online banking, mobile banking and mobile deposit into a single code-based application for both retail and business account holders.
“Consumers and businesses alike have shown an appetite for real-time payment options from their financial institutions. According to PYMNTS.com, four in five Americans are interested in faster payment options when paying for goods and services,” said Abhishek Veeraghanta, founder and CEO of Pidgin.