- Ripple partner Volante’s US Fedwire as a Service in the cloud selected by First American Trust FSB.
- Volante Fedwire as a Service in the cloud is a wire payment processing solution.
- Volante Technology which runs on Microsoft Azure is about to replace the legacy Fedwire solution and aims at modernizing payment processing infrastructures.
What Is Volante Fedwire?
Volante Technology is a software company developed in Silicon Valley by some experts. It aims to improve financial technology in the fields of open banking, payment modernization, financial message automation, and so on. In 2019 it released the VolPay Ecosystem. According to the staff, VolPay is a complete ecosystem that enables innovative payment transformations. Today, Volante has spread over 35 countries, providing strategic business partnerships to 90 financial institutions. Most of Volante’s clients include the largest banks in the world, exchanges, market treasuries, market infrastructure, and so on.
Volante Fedwire as a Service in the cloud is a wire payment processing solution. It looks up into back draws and issues like processing errors, delays, lost payments, and so on. In the changing times, it is important for banks that they provide 24×7×365 resilient wire services. Hence, Fedwire as a Service in the cloud comes as a steady, cost-effective, efficient, and secured solution to the problem.
Microsoft Azure Based Payment Processing
Volante Technology which runs on Microsoft Azure is about to replace the legacy Fedwire solution and aims at modernizing payment processing infrastructures. Further, it will help in the easy handling of the wire volumes which is increasing day by day. The solution will also provide the surety that a customer’s wire is never duplicated, missed, or delayed by any chance.
As Ripple partner Volante joins the First American Trust FSB, Ripple’s platform will witness wider adoption. Moreover, Volante’s Ripple solution is a part of Volpay’s development platform.
The Senior Vice President at the First American Trust FSB said, that they were looking for a partner that would provide them with efficient payment processing capabilities and meet their strategic goals and would help in providing superior service. He also added that Volante’s payments as a Service (PaaS) in the cloud, fits best to their requirements, and influence financial growth.
Vijay Oddiraju, the CEO of Volante Technology, explained how Fedwire as a service includes end to end processing of wires from the corporate initiation, with direct connectivity to the Fed. He further explained how this service can provide reliability, real-time value to the banks in a secure and efficient way.