US Real-time Payments as a Service

First

Volante processed the first-ever US RTP transaction

Real-time payments are here. The Clearing House RTP® network enables consumers and businesses to exchange funds immediately, at any time. This is a once-in-a-generation competitive differentiation opportunity for financial institutions.

It’s all about value-added services. There are many strong use cases for RTP®, such as real-time integrated payables and bill payment using Request For Pay. But to deliver these services and develop new customer experience solutions, banks need to easily connect to RTP® .

It’s time for RTP as a service in the cloud. In the past, adding a new payment scheme and enabling 24x7x365 real-time operation required high upfront costs and long integration projects. Volante’s US Real-time Payments as a Service eliminates the drawbacks of legacy approaches, allowing banks to join the real-time revolution quickly and at low cost.

Real-Time Payments: The Exciting State of the Union

TAB Bank Selects Volante’s US Real-time Payments as a Service

TAB Bank, a full-service digital bank that services SME customers in all 50 US states, selected Volante’s cloud-native US Real Time Payments as a Service to help the bank provide real-time payments to its customer base over The Clearing House RTP® network.

Webinar: The Race to Real-Time

In this webinar experts from Confluent and Volante explore the common challenges for banks looking to modernize their legacy systems to handle real-time payments.

Volante US Real-time Payments as a Service

An end-to-end solution for the entire real-time payment processing lifecycle, from initiation through to clearing and settlement connectivity, managed as a service in the cloud.

Solution Features

  • Full RTP® message set
  • Send, receive, request-for-pay, return/reject, advices, notifications
  • ISO 20022 fluent
  • Channel-agnostic: receive real-time payments from any source
  • Integrates easily to accounting, fraud, and other core systems

Managed Service Features

  • Cloud-managed, no hardware or software required
  • Technical resources to maintain infrastructure
  • Management of TCH switch components
  • Standardized onboarding
  • Ongoing service management and maintenance

Technology For Business Resilience

  • Industry-first active-active-active deployment
  • Real-time services always-on, 24x7x365
  • Deploy compliance updates without system downtime
  • Benchmarked to 46 million transactions per hour in the cloud
  • ISO 27001:2013 certified and SOC 2 Type 2 attested

Business Benefits

  • Reduce TCO by nearly 40%, pay only for what you use
  • Get onboarded fast – 60 days or less
  • Improve time to value for new services 
  • Extend to other available services such as wire, ACH, SWIFT
  • Add FedNowSM instant payments in the future

Why Volante?

We are creating the building blocks for an integrated payments ecosystem both for today’s needs and for the next generation. This approach allowed us to be first to market with RTP and will also serve us well over the long term

Saket Sharma, CIO, BNY Mellon Treasury Services
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With Volante we can ride the real-time payments wave and be an early adopter without any of the technical hurdles associated with launching a real-time payments offering

Michael Palmer, Chief Operating Officer, TAB Bank
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Through Volante, financial institutions will be able to participate on the RTP network and capitalize on these opportunities without a huge investment or a huge technical lift.

Keith Gray, Vice President, Strategic Partnerships, The Clearing House

Volante Technologies…delivers significant advantages to clients who are looking to optimize the use of cloud technologies and benefit from a reduction in hardware and software costs

Janet Lewis, VP Worldwide Financial Services, Microsoft

The Volante Experience™ brings the speed, lower cost and simplicity of the modern SaaS customer onboarding experience to banks and financial institutions adopting Volante’s cloud-native payments solutions.

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