Banks, Credit Unions Can Enable Real Time Domestic, International Payments in Record Time
WILMINGTON, Del., April 13, 2023 /PRNewswire-PRWeb/ -- Go-Live Faster will unveil its innovative and proprietary RTP and FedNow solution, which allows banks and credit unions to process payments in real time, at Nacha's Smarter Faster Payments Conference April 16-19 in Las Vegas. Banks and credit unions using the Go-Live Faster proprietary solution can move to any real-time payment platform, including FedNow Service, in just 90 days, an aggressive technology implementation timeframe.
Go-Live Faster developed its proprietary solution to identify and resolve gaps between the banks' and credit unions' legacy payment systems and new real-time payments platforms. The Federal Reserve Banks expect FedNow, its new real-time global payments platform in pilot now, to become commercially available in July.
Last year, the Federal Reserve Banks, the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the Clearing House Interbank Payments System (CHIPS) and the American Banking Association (ABA) each announced support for the financial services industry's move to ISO-20022-based cross-border payments and cash reporting standards. This unilateral endorsement of real-time payments sparked interest from banks and credit unions around the world anxious to implement the capability as soon as possible.
"Go-Live Faster is leading the way in real time payment enablement as banks and credit unions scramble to navigate a myriad of new global messaging standards that make obsolete most if not all of their legacy payment systems," said Hari Raghunathan, executive vice president of North American Operations, Go-Live Faster.
Go-Live Faster's proprietary solution includes out-of-the-box Automated/Manual Validations, a Proprietary File Simulator, Pre-Certification Validation and an Automated File Generator, all backed by a deep bench of business and technology experts seeped in advanced technology and communications systems specific to the payment operations of banks and credit unions.
Visit Booth #516 to learn more about how Go-Live Faster's innovative and proprietary solution and sign up for a free implementation workshop.
About Go-Live Faster
Go-Live Faster works with banks and credit unions to select and deploy complex commercial banking technology solutions on time and on budget. Go-Live Faster is a Domain-focused and Innovation-driven firm that helps enterprises get to market faster and safer with their desired customer experience.
Go-Live Faster's solutions span Banking Technology Selection to Implementation including Business Analysis, Quality Assurance Testing, Data Migration Validation, Automation, Training, Branded User Guides, Documentation and Videos. As a result, banks and credit unions can digitally transform their operations with confidence – adding new technologies and systems that meet requirements, work well with existing technical infrastructures, and are adopted by users.
Media Contact
Malinda Lackey, Michael Mackenzie Communications, 404.445.1842, [email protected]
SOURCE Go-Live Faster
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