The Future of FedNow is—Now
Easily connect to the FedNow® Service even with legacy systems
Alacriti is here to make it easy, fast, and cost-effective for you to connect your financial institution to the FedNow® Service
Explore Orbipay® Payments Hub
The consumer payments value proposition has shifted from traditional payments to real-time payments. Customer expectations around speed, convenience, and security of payments are increasing, and financial institutions must either deliver on real-time or risk damaging their revenues and reputation.
Legacy payments technology at financial institutions is simply not capable of meeting the market demands of modern real-time payments across B2B, B2C, and C2C. To address this challenge, Alacriti has been in partnership with FedNow Service to help foster real-time payment adoption for financial institutions.
Why Now
The FedNow Service is now live, and some of Alacriti’s clients were early-adopters. Alacriti is among the first fintechs certified by the Federal Reserve to connect financial institutions to the FedNow Service.
Over the last two decades, Alacriti has developed out-of-the-box integrations to banking systems that sets us apart from the competitors.
Consumer Survey –
2,000+ respondents
- About 70% say having access to faster payment capabilities from their financial institution(s) is an important satisfaction driver
- 83% use payment apps or digital wallet (at least occasionally)
- Nearly 80% are interested in leveraging faster payments to pay businesses
- 62% expect to be using faster payment options more in the future
Business Survey –
2,000+ respondents
- 9 in 10 businesses expect to be able to initiate and receive faster payments by 2023; many are ready to do so now
- A majority of surveyed businesses consider it important to use faster payments. nearly two-thirds indicated they would factor access to faster payment into future decisions on whether to switch banks
Source: 2023 Federal Reserve Banks
Why Alacriti
Flexibility of Solutions
Flexibility and consumer-centricity is at our core. No matter the size of the financial institution or business, our solutions are easily configurable to meet specific needs.
Our bespoke approach and grow-as-you-go model means fast, seamless, and cost-effective delivery of modern money movement experiences to your consumers.
Strength of Technology
Empowered by a microservices-based architecture and open APIs conforming to ISO 20022 standards, our platform offers advanced, future-ready solutions, laying the foundation for innovation and transformation.
Our tech stack drives rapid, secure, and cost-effective delivery of traditional and faster payments rails (RTP network, FedNow Service, and Visa Direct), improving the user experience and increasing customer retention.
Single Source of Truth
We offer one unified solution that breaks down siloed infrastructure and provides improved visibility across rails performance, cash flow, and liquidity.
Our platform improves operational efficiency and reduces human errors to provide a better user experience and provide performance visibility and operational savings.
Depth of Integration
Our out-of-the-box integration capabilities allow us to seamlessly connect with commonly used financial systems like core banking, digital banking, fraud and risk management.
No need for expensive and time-consuming overhauls or system replacements.
Unparalleled Speed to Market
The strength of our technology, flexibility, depth of integration, and operational efficiency of our solution provides an unmatched speed to market. Implementation of Alacriti solutions is on average just 3-4 months. We understand the operational and technical challenges in deploying new payment solutions. We’ve built a system that is easy to deploy, yet fits your specific needs and systems.
We will work with you to ensure successful, yet rapid implementation to provide value quickly.
Case Study
Royal Credit Union
$800k
In deposits within the first 30 days of instant payments
$15.5MM
Processed across 20,000 transactions in its first 3 months
