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Alacriti

Alacriti

Solution(s): Orbipay Payments Hub
Website(s): alacriti.com (Off-site)
Contact: info@alacriti.com

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

Alacriti’s Orbipay Payments Hub helps banks and credit unions bring new products and services to market faster, streamline operations and reduce costs — all within a centralized system. For institutions adopting the FedNow Service, Orbipay Payments Hub provides end-to-end payment orchestration and processing on a secure, unified, future-proof platform. As your strategy evolves, the platform also supports additional payment rails, including The Clearing House’s RTP® network, Visa Direct, the Fedwire® Funds Service, Zelle® and ACH. Orbipay Payments Hub is a cloud-native, ISO® 20022-based platform that modernizes and future-proofs financial institution payments — enabling seamless connectivity to the FedNow Service while integrating with existing core, digital banking, fraud and risk solutions. Its microservices-based, open API-driven architecture accelerates the delivery of real-time payment capabilities while modernizing existing payment infrastructure and streamlining operations. Key features of Orbipay include intelligent payment routing, business rules integration, exception management, reporting and analytics, liquidity management, and settlement and reconciliation, along with enhanced cross-rail visibility. These capabilities empower financial institutions to optimize FedNow Service operations today while laying the foundation for broader multi-rail orchestration. By leveraging Orbipay, financial institutions can modernize their payment systems and deliver innovative, real-time money movement experiences through the FedNow Service while remaining well-positioned to expand across additional payment rails as needs evolve.

Segment type(s)

  • Financial Institution Service Provider

Solution type(s)

  • Banking as a Service (BaaS)
  • Pay by Bank
  • Payments Hubs/Platforms/Payment Gateways
  • Payment Service Providers

Use cases/markets served

  • Bill Pay and Presentment
  • Brokerage
  • Construction
  • Government (e.g., municipality, state, federal)
  • Health Care
  • Loans (direct or indirect)
  • Merchant
  • P2P Payments
  • Payroll
  • Real Estate (e.g., escrow, property management)
  • Transportation
  • Other

FedNow functionality supported

  • Back Office/Treasury Management Services
  • Connectivity to the FedNow Service via FedLine® Solutions
  • FedNow Profile Management
  • FI Staff-Initiated Transactions
  • Fraud Prevention/Monitoring Services
  • Receiving FedNow Transactions
  • RFP Transactions – Businesses Receiving
  • RFP Transactions – Businesses Sending
  • RFP Transactions – Consumers Receiving
  • RFP Transactions – Consumers Sending
  • Sending FedNow Transactions – Business Accounts
  • Sending FedNow Transactions – Consumer Accounts

Ability to integrate with outside core processing solutions

  • Yes, any (core agnostic)

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.