FedNow solution for quick onboarding
PaymentComponents, a pioneer in ISO20022 migration projects, has fortified its FINaplo Financial messaging solution with FedNow payments. The FedNow Service is the new instant payment service that the Federal Reserve Bank will roll out in 2023 in the U.S market and will operate in parallel with the Clearing House Interbank Payments System (CHIPS).
Having great experience from hundrends of Financial messaging projects with clients likeMambu, NEC, JP Morgan Chase, Citi, Credit Suisse, Temenos, etc, we now focus on FedNow and offer our product to US banks to accelerate and simplify their onboarding to this new instant payment scheme.
The FINaplo Financial Messages solution is offered as an embedded SDK that banks can integrate into their payments application and allow them to build, validate and parse their FedNow messages. Additionally, an online service, which is also available via APIs for message validation, is offered, which can expedite the testing processes for the messages of this new instant payment scheme..
PaymentComponents is a global B2B solution provider for the Payments and Open Banking space. We provide open and light software components in payments, financial messaging, and open banking that can transform your business. Our solutions are the necessary ingredients for more than 60 Banks and Financial Institutions spread across 25+ countries to help them innovate and become digital champions..