10.5 C
Monday, April 15, 2024
HomeBankingJefferson Bank in Texas taps Finastra for Payments To Go solution

Jefferson Bank in Texas taps Finastra for Payments To Go solution


Jefferson Bank Expands Partnership with Finastra for Instant Payments:

  1. Partnership Expansion:
    • Jefferson Bank, an independent bank based in San Antonio, Texas, has expanded its partnership with UK-headquartered vendor Finastra.
  2. Solution Selection:
    • The bank has selected Finastra’s Payments To Go cloud-based solution to power its instant payments services.
  3. Payments To Go Features:
    • Payments To Go is a Payments-as-a-Service offering that will connect Jefferson Bank with the necessary payment rails for services, including FedNow and Real-Time Payments (RTP).
  4. Cloud Deployment:
    • The solution will be deployed on the Microsoft Azure cloud platform.
  5. Payment Processing Technology:
    • Jefferson Bank sees Payments To Go as a solution that provides access to the same payment processing technology used by larger banks.
  6. Wire Services Migration:
    • As part of the agreement, the bank will migrate its wire services from Finastra’s PayPlus Connect to Payments To Go, consolidating all payment services in one platform.
  7. Consolidation Benefits:
    • Barry Rodrigues, EVP of Finastra’s payments business unit, notes that the technology will connect the bank with tools to bring all payment services together, enabling the team to embrace open finance and enhance customer attraction and retention.
  8. Jefferson Bank Overview:
    • Established in 1946, family-owned Jefferson Bank offers a range of financial services, including business, personal, and commercial banking, wealth management, mortgage lending, and payments.

Related stories

ICYMI fintech funding round-up: Mimo, TransferGo, Smartpay, Adro and more

Mimo:Raised £15.5 million led by Northzone. Plans...

Pomelo Group names Steve Vickers as new CEO

New CEO Appointment:Pomelo Group, a payment infrastructure...

Former PayPal chief Dan Schulman joins Valor Capital as managing partner

New Appointment:Dan Schulman, former president and CEO...

Missouri’s Central Bank taps Personetics for AI-powered money management solution

Partnership Overview:Central Bank, headquartered in Missouri, USA,...

Bolt appoints interim CEO as Maju Kuruvilla departs

Leadership Change at Bolt:Maju Kuruvilla, who served...


- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories