Miami-based US Century Bank has partnered with Pidgin to bring real-time payments to its customers. Pidgin’s platform allows payments to be routed directly between financial institutions, ensuring a more secure transaction.
Facts
- US Century Bank has partnered with Pidgin to offer real-time payments to its individual and business customers.
- Pidgin’s platform eliminates the need for holding accounts from third-party providers or virtual wallets.
- The partnership allows US Century Bank customers to send and receive payments without any waiting or transfer period.
- Pidgin supports different payment routes, including FedNow and same-day ACH, for faster and more cost-efficient transfers.
- According to research from Cornerstone Advisors, one in four banks plans to roll out real-time payments in 2023.
- Pidgin’s CEO, Abhishek Veeraghanta, states that the demand for real-time payments is growing among consumers and businesses alike.
- Pidgin’s platform ensures a more secure transaction by routing payments directly between financial institutions.
