June 20, 2019
Allied Payment Network, a provider of mobile bill payment technology to banks and credit unions, announced a new platform under a collaboration with Finastra called Pay Now which allows real-time digital bill payment.
The Pay Now technology allows customers to make bill payments from websites or apps from banks and credit unions and get instant confirmation from the biller. The technology was developed using the FusionFabric.cloud open development platform.
"Many of today's consumers will choose a bank based on the depth of its digital capabilities, or conversely, leave one that is falling short," Ralph Marcuccilli, founder and chief executive officer of Allied Payment Network, said in a company release. "Banks that offer customers real-time payment set themselves apart as digital leaders, building engagement that is vital to longevity in this highly competitive marketplace."
The rollout of the Pay Now technology is scheduled for early fall.
Topics: Bill Payment, Mobile Banking, Mobile Payments, Transaction Processing
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