TAB Bank, a full-service digital bank that services SME customers in all 50 states has announced selecting Volante Technologies, the global leader in cloud payments and financial messaging solutions, to help the bank provide real-time payments over the RTP network to its digital customer base.
Under the collaboration, TAB Bank will integrate Volante U.S. Real-time Payments as a Service, an end-to-end solution for the entire real-time payment processing lifecycle, from initiation through to clearing and settlement connectivity, managed as a service in the cloud.
“At TAB Bank, we are completely obsessed with making our clients happy and watching them succeed. That’s our story. Therefore, we are constantly working to ensure that our solutions meet the needs of the ever-changing payment landscape. We want to partner with industry innovators and experts. Volante checks these boxes,” said Michael Palmer, Chief Operating Officer, TAB Bank.
“More so, with Volante we can ride the real-time payments wave and be an early adopter without any of the technical hurdles associated with launching a real-time payments offering,” he added.
Volante U.S. Real-time Payments as a Service will ensure TAB Bank gets a resilient, secure offering up and running without significant infrastructure investment or IT department resource allocation. By leveraging the RTP network from The Clearing House, TAB Bank clients will be able to receive funds instantly. The bank plans to add the ability to send real-time payments in the near future. In the longer run, it has plans to further explore utilizing its open banking platform to employ real-time payments in a variety of creative ways for its customers.
