Volante expands VolPay-as-a-Service for payments 01 May 2019New York Reporter: Jenna Lomax
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Volante Technologies has expanded VolPay-as-a-Service, its cloud-based ecosystem of business services, to combine corporate to bank connectivity, corporate on-boarding and end-to-end processing of all US domestic and cross-border payment types.
The service simplifies the handling of corporate enterprise resource planning and acknowledgement formats and automates the process of connecting corporate customers to their institutional payment service providers through an application programming interface library.
The service handles all US payment types including Fedwire, automated clearing house (ACH)/same day, ACH, Zelle, and The Clearing House real-time payments clearing and settlement, as well as SWIFT cross-border payments.
Vijay Oddiraju, CEO of Volante Technologies, said: “At Volante, we are committed to providing the most advanced payments solutions to our customers so that they can stay ahead of emerging trends, and make the most of the growing opportunity in payments.”
He added: “With the increasing popularity of software-as-a-service models in financial services, this is an ideal time for US institutions to take a close look at their payments infrastructures, and explore managed-service models to generate superior business outcomes.”
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