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Sionic

Sionic

Solution(s): Instant Bank Pay
Website(s): sionic.io (Off-site)
Contact: William Brown, brown@sionic.io

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

SIONIC provides:

  • Verified credential issuing for payers and payees via APIs
  • ISO® 20022 messaging for Credit Transfer Receive, Credit Transfer Send/Receive and Send/Receive with Receive RFP
  • Fraud detection at the ISO messaging layer
  • Agent-based payment dispute resolution for payers and payees

Segment type(s)

  • End-User Service Provider

Solution type(s)

  • Account Tokenization
  • Pay by Bank
  • Payments Hubs/Platforms/Payment Gateways
  • QR Code solutions
  • Risk Management and Fraud Services

Use cases/markets served

  • Merchant

FedNow functionality supported

  • Fraud Prevention/Monitoring Services
  • Other
  • Receiving FedNow Transactions
  • RFP Transactions – Businesses Sending
  • RFP Transactions – Consumers Receiving
  • Sending FedNow Transactions – Consumer Accounts

Ability to integrate with outside core processing solutions

  • Yes, some

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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.