Pidgin is now a preferred partner with Corelation. The partnership will enable more credit unions to offer real-time payments to their members with Pidgin’s payments ecosystem.
Pidgin’s technology serves as a central connection point to the FedNow Service and other faster payment networks, enabling credit unions to easily deliver instant payment options to their members for a variety of use cases.
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Pidgin’s platform facilitates the exchange of data between a credit union’s core processing system, such as Corelation KeyStone, any relevant third-party apps, including digital banking platforms, as well as multiple payment networks, including the FedNow Service and The Clearing House’s RTP.
With Corelation and Pidgin, credit unions can onboard to the preferred faster payments channels and embrace real-time payments based on their institution’s operational preferences, member needs and more with the utmost efficiency.
As real-time payments continue to gain traction, credit unions must be equipped with the right infrastructure to support 24/7 transaction processing
Tim Maron, Chief Revenue Officer of Corelation, said: “At Corelation, we are continuously looking for ways to help our credit union clients get more from their core and IT solutions to better serve members and maximise opportunities for growth. Instant payments are quickly becoming a competitive differentiator for the financial institutions that offer them and by partnering with Pidgin, we can provide our clients with the infrastructure and consultative support they need to give their members the faster payment options they expect.”
Abhishek Veeraghanta, founder and CEO of Pidgin, commented: “Credit unions are particularly bullish on real-time payments, as more than one-third plan to implement real-time payments by the end of this year, according to Cornerstone’s What’s Going On In Banking report. Another 34% plan to implement in 2025 or later. Our partnership with Corelation will help make those plans a reality. We look forward to working with Corelation’s reputable team and empowering more credit unions to transform their payment operations.”
