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US Century Bank taps Pidgin for real-time payments

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.

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