HERNDON, Va., April 24, 2018 - NACHA—The Electronic Payments Association® has announced Volante Technologies (link is external) as a Preferred Partner for Accelerated Payments Processing and Integration.
NACHA Preferred Partners are a select group of innovators that contribute to NACHA’s strategic efforts in support of the payments ecosystem at large by removing friction, increasing ease, accessibility and efficiency, as well as supporting sound risk management and security for ACH payments. Volante was selected as a Preferred Partner because of its robust suite of payments applications for financial institutions and businesses aimed at solving the electronic payments challenges faced by today’s industry stakeholders.
“Financial institutions and corporates have been thrust into a new digital payments environment that requires speed, efficiency and flexibility,” said Jane Larimer, chief operating officer of NACHA. “As such, banks and businesses are looking for ways to easily adapt to meet the rapidly evolving market. Volante’s suite of payments solutions enables banks and businesses to quickly and cost effectively address the challenges of a changing environment, remain competitive, and quickly take advantage of the new opportunities that may arise.”
Volante’s VolPay Suite provides financial institutions and corporates with a collection of software applications designed specifically to accelerate all aspects of payments validation, enrichment, processing, orchestration, and integration with other dependent applications. The suite is comprised of products that help financial institutions and corporate enterprises deal with the most pressing challenges in payments today by reducing the time and cost of payment transformation projects, irrespective of back-end system, payment engine, payment orchestration hub, or middleware infrastructure.
“Efficient payment service integration, enhancement or optimization within corporate enterprises and financial institutions is key to being able to thrive in the digital payments age,” said Uday S. Thakur, co-founder and chief technology officer of Volante Technologies. “Our products allow our clients to meet the digital era head on with expediency, reliability, security and flexibility. We are thrilled to serve as a NACHA Preferred Partner to help ensure all banks and businesses have the agility they need to meet and exceed the demands digital payments are generating.”
Volante, as the Preferred Partner for Accelerated Payments Integration and Processing, joins a growing list of NACHA Preferred Partners working to better support the payments ecosystem.
Volante’s Preferred Partner status follows an announcement made late last year in which NACHA and Volante communicated the release of its ISO 20022 Validator Tool. Given its solutions aimed at streamlining payments integration and processing, which include integration components such as message formats like ISO 20022, NACHA partnered with Volante to develop the tool. The tool validates the mapping of ISO 20022 payment instructions into NACHA file formats for domestic ACH transactions.
Volante and NACHA will be discussing the ISO Validator Tool at PAYMENTS 2018 taking place April 29-May 2 in San Diego, California. PAYMENTS, the industry’s premier event for payments system stakeholders, provides a venue to debate and explore industry issues and opportunities. On May 1, NACHA and Volante will discuss ISO 20022 for corporate-to-bank payment operations and how the ISO Validator Tool can offer efficiencies and reduce risk in the ISO 20022 integration process. Online registration for PAYMENTS is still open. You can find Volante at booth #500.
About NACHA—The Electronic Payments Association
NACHA—The Electronic Payments Association is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments and financial data exchange within the U.S. and across geographies. Through development of rules, standards, governance, education, advocacy, and in support of innovation, NACHA’s efforts benefit the providers and users of those systems. NACHA leads groups focused on API standardization, authors the Quest Operating Rules for EBT and is also the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2017, there was a total of nearly 26 billion ACH transactions. Of these, 21.5 billion ACH payments valued at $47 trillion moved across the ACH Network, and more than 4 billion were on-us transactions within financial institutions. Visit nacha.org for more information, and connect with us on LinkedIn, Twitter, Facebook and YouTube.
About Volante Technologies
Founded in 2001, Volante Technologies is a global leader in the provision of software for the integration, processing and orchestration of payments and financial messages within financial institutions and corporate enterprises. Volante is dedicated to helping firms increase their business agility so they can focus on being competitive in their marketplace. Product features such as configuration rather than coding, automated code and documentation generation and inbuilt test harnesses promise significantly accelerated project completions.
Volante serves a growing client base of more than 85 financial institutions and corporate enterprises operating in 27 countries around the world, including several of the largest global organizations. Many clients use Volante to assist with multiple product implementations ranging from message transformation and integration, through to the processing and orchestration of payments. Along with its products, Volante Designer and the VolPay Suite of payments processing products, Volante maintains a growing library of hundreds of domestic and international financial industry standards plugins, transformations and processor modules. Volante’s VolPay Suite of payment products can be licensed and deployed on premise or on the cloud. Should clients choose to subscribe to any of the VolPay Suite applications as ‘Payments as a Service’ on the cloud, Volante also offers this option.
Supported by offices in Jersey City, London, Dubai, Mexico City, Bogota, Hyderabad, Chennai and Pune, Volante is able to encapsulate a best practice approach into all its product lines.