Allied Payment Network has partnered with Finastra to introduce a new platform for real-time digital bill payment.
Dubbed Pay Now, the new technology will be available by the end of this year.
Go deeper with GlobalData
Finastra head of partner management Steve Reich said: “Ultimately, our FusionFabric.cloud platform was created to drive value: value to financial institutions by allowing them to offer innovative solutions to their account holders, and value to Fintechs like Allied.
“Through our platform, Allied can get its new bill payment technology, Pay Now, into the hands of consumers faster and these consumers will benefit from the ability to manage bills centrally from their financial institution.
“It’s exciting to see companies like Allied and other Fintechs moving in this direction with us to enable true digital transformation.”
With the technology, users can pay bills from banks and credit unions websites or apps.
The technology also offers users confirmation from the biller instantly.
Pay Now leverages the FusionFabric.cloud open development platform.
Allied Payment Network founder and CEO Ralph, Marcuccilli said: “This technology appeals not only to current bill pay users, but new customers who seek a way to manage all of their bills centrally, rather than making payment at each individual biller’s website.”
